When it comes to strategic guidance, our SMSF team can help you with investment strategy planning and implementation, financial modelling and advice on contribution strategies, estate planning and much more.
And if you also require profit and loss account preparation, member statements and balance sheets, audit reports or annual return preparation, our compliance team can take care of everything on your behalf.
"Our family have been Liston Newton Advisory clients for a very long time. Their professionalism is outstanding — and having just retired, their advice and assistance in setting up our SMSF has been invaluable. We have complete trust and confidence in their service and would recommend them highly."
We have worked with Liston Newton's Accountants and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
You're in safe hands with Liston Newton Advisory. You can see our achievements for yourself.
Our SMSF accounting services give you complete peace of mind.
SMSF stands for ‘Self-Managed Super Fund’. Every SMSF is regulated by the ATO (Australian Taxation Office) and can have as many as four members. An SMSF is a good idea if you want more flexibility in how your superannuation is invested. With the right help, they are easy to set up.
Whilst there is no law on the minimum amount of money needed to start a SMSF, the ASIC guidelines recommend $200,000 as a minimum. At Liston Newton, we believe this figure should be a minimum of $250,000 to justify a setup.
The maximum number of members a SMSF can currently have is four. Recently there were attempts to change this to six, but so far it remains at four.
Yes. Employees can instruct their employer on where they want their super to be paid. You can also rollover any old super fund balances to an SMSF. However, you need to be careful before doing so. We recommend getting qualified advice on your existing super fund, as it could have insurance, or a defined benefit amount.
If you start a SMSF with someone else, your balances are pooled into the one fund. However, this does not mean your amounts get mixed up. A set of accounts is prepared for each individual each year, so that each member maintains their own balance throughout their life. As your fund grows, so does your balance.
A quick guide to the benefits and drawbacks of a SMSF property investment, brought to you by the experts at Liston Newton Advisory.
Your questions on much you need in your SMSF to enjoy your retirement, answered by the experts at Liston Newton Advisory.