LESS ADMIN MORE CONTROL

With low, fixed-fee pricing, highly experienced superannuation specialists and the latest, cloud-based reporting systems, SMSF 24/7 is committed to providing the highest standards of service, transparency and professionalism to our clients across Australia. In working with us, our clients can rely on all their SMSF reporting and compliance obligations being met; freeing up more of their time to focus on growing their businesses and wealth.

Our SMSF Services

Setup

Acting on instruction from Accountants, Financial Advisors and prospective Fund Members, we manage all the necessary components of setting up SMSFs. We take care of establishing trusts, creating trust deeds, preparing declarations, setting up ABNs and TFNs, registering with the ATO and opening cash and trading accounts. We also document the appointment of Corporate Trustees, handle property purchase and mortgage documents, establish or consolidate account-based pensions as required.

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Management

Working predominantly with Financial Advisors and Accountants, but also directly with Fund Members, our ongoing SMSF management services enable our clients to cost-effectively outsource the administration of funds under their management, freeing up more time to focus on their core business. SMSF 24/7 offers three, fixed-fee packages that cover all the necessary management, reporting and documentation for most types of SMSFs.

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Compliance

Relying on the latest industry leading software and cloud-based technologies, we streamline the information gathering process and prepare all the documentation necessary for annual SMSF compliance reviews. Carefully reviewing all aspects of a fund’s assets, contributions, transactions, benefit payments, trust deeds, investment strategies, tax deductions, pensions and insurance policies, we ensure all required documents are prepared in an accurate and timely manner in preparation for auditing.

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Audits

At SMSF 24/7, all our fixed-fee, administration packages include independent annual audits. Whilst, by law, this must be performed by an ASIC approved auditor who is independent to the fund Administrator, SMSF 24/7 liaises directly with Auditors to facilitate completion of audits on behalf of our clients. With in-depth SMSF management, taxation and reporting expertise, our experienced professionals ensure all financial accounts, statements and other compliance documents are prepared in an accurate and timely manner to facilitate streamlined completion of the audit process.

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who we service

INDIVIDUALS

SMSF 24/7 assists individuals with the administrative setup, ongoing reporting, compliance reviews and auditing of their SMSFs. We work with many small to medium business owners as well as high income earners interested in growing their wealth and planning for a comfortable retirement. SMSF 24/7 does not provide investment advice but specialises in structuring and managing SMSFs for optimal tax minimisation and return on investment.

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financial planners

SMSF 24/7 manages the establishment, ongoing administration and compliance requirements of SMSFs for Financial Planners across Perth, Sydney and Australia-wide. Our experience, attention to detail and proactive approach ensure we can be relied upon to consistently deliver accurate and timely reporting as well as fully tailored support services.

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Accountants

SMSF 24/7 works with Accountants throughout Sydney, Perth, Melbourne and across Australia to deliver high quality, cost effective SMSF administration services. With decades of combined experience working across all facets of SMSF setup, tax minimisation, reporting and compliance, our experts take a proactive approach to ensuring funds are carefully structured and regularly reviewed for optimal simplicity, transparency and return on investment.

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Why Choose
SMSF 24/7

Tailored Solutions

At SMSF 24/7, we don’t believe in a one-size-fits-all approach. Servicing Financial Advisors, Accountants and Trustees, we offer standard SMSF set up and administration fee packages that encompass a range of investment types, but also additional services on an on-demand basis. We work closely with our clients to understand their needs and tailor SMSF solutions designed to deliver optimal simplicity, regulatory compliance and return on investment.

Quality Service

At SMSF 24/7, we pride ourselves on delivering our services to the highest standards of honesty, integrity and professionalism. All our staff share our passion for excellence and are committed to providing our clients with simplified and seamless solutions designed to make managing their businesses, SMSFs and finances as stress-free as possible.

Competitive Pricing

Our streamlined approach and use of industry leading, cloud-based software enables us to simplify the entire SMSF setup and administrative process resulting in greater efficiencies and cost savings for our clients.

Proactive

We take a hands-on, proactive approach to administrating our clients’ SMSFs. For us, this means playing an active role in ensuring our clients’ funds are optimally structured and managed to deliver to the best returns for Members.

Real People, Not Call Centres

SMSF 24/7 is a division of NextClimb, an Australian owned and operated firm of Chartered Accountants, finance experts and SMSF specialists. With offices in Perth and Sydney, we service clients right across Australia; processing all transactions locally and on a daily basis.  When working with us, our clients can depend on speaking to real, qualified Accountants, not call-centre staff, and enjoy the reassurance of knowing they’ll receive informed and timely responses to their queries.

Precision and Timeliness

With considerable experience across the SMSF, banking, finance and tax accounting industries, we have a deep appreciation for the pivotal importance of accurate and timely reporting. Our dedicated SMSF professionals take a proactive approach to ensuring we deliver precise, reliable and easy to interpret information within the parameters of the ATO’s   reporting framework and deadlines.

SMSF Specialists

Our SMSF specialists have a wealth of experience gained working over a minimum of ten years in the superannuation industry. We maintain up to date knowledge of regulatory changes to ensure we’re able to proficiently assist our clients with meeting all their SMSF reporting, audit and compliance obligations.

Simple, fixed fee packages
that handle all your SMSF needs.

basic package

$1100/Year*

  • Online access to fund documents and financial information.
  • Administration support from our professional client service team.
  • Annual GST Return.
  • Audit by external independent
    approved Auditor.
  • Annual Tax Return.
  • Annual Financial reports, member benefits statement & investment reports.

value package

$1650/Year*

  • Online access to fund documents and financial information.
  • Administration support from our professional client service team.
  • Annual GST Return.
  • Audit by external independent
    approved Auditor.
  • Annual Tax Return
  • Annual Financial reports, member benefits statement & investment reports.
  • Ongoing administration and
    reconciliation of SMSF’s
    transactions data.

premium package

$2750/Year*

  • Online access to fund documents and financial information.
  • Administration support from our professional client service team.
  • Annual GST Return.
  • Audit by external independent
    approved Auditor.
  • Annual Tax Return.
  • Annual Financial reports, member benefits statement & investment reports.
  • Ongoing administration and
    reconciliation of SMSF’s
    transactions data.
  • Monthly Reconciliation.

Fund Setup Fees*

ServiceFees (incl GST)
Fund Establishment$495
Corporate Trustee Establishment$815 inc ASIC fee

* There may be additional setup and other fees not mentioned here. Contact us for information that is specific to your particular situation.

ABOUT US

SMSF 24/7 is a division of NextClimb, a Sydney and Perth based firm of CPA, IPA, finance experts and SMSF specialists. NextClimb was established in 2016 by Sainyog Prajapati who, after more than ten years in public practice started his own business to focus on assisting small to medium business owners manage their accounts and grow their wealth. Since its inception, NextClimb has grown considerably and is now comprised of a highly experienced team of professionals with specialist skills encompassing general accounting, SMSFs, business analysis, mortgages and bookkeeping. With a growing base of SMSF clients, including fund members themselves as well as Financial Advisors and Accountants, NextClimb recently created SMSF 24/7; a specialist division dedicated solely to working with our SMSF clients. SMSF 24/7 is managed by Krish Prajapati, Sainyog’s business partner and a highly qualified Accountant with more than ten years’ experience in SMSF specialist Senior Accountant and managerial roles across a Sydney firm and his own practice. Over the course of his career, Krish has managed hundreds of SMSFs, working with Accountants and Financial Advisors to ensure their clients’ funds are optimally structured and maintained whilst meeting their compliance obligations.

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FAQS

I’m interested in a SMSF but not sure where to start, what should I do first?

Some of the first things you’ll need to establish when considering setting up an SMSF is the amount of money you have to invest, what your return on investment expectations are and what sort of cash flow you require. All these things will play a role in helping determine the investment strategy for your SMSF, which is a necessary requirement of all SMSFs. To assess whether a SMSF is viable for you and what sort of investment strategy will best meet your needs, unless you have an accounting background, you’ll most likely need to talk to a Financial Advisor. SMSF 24/7 partners with a trusted network of Financial Advisors and can recommend the most appropriate service for your individual circumstances. Contact us to learn more.

Do you provide any financial or investment advice?

No, SMSF 24/7 specialises in providing simplified and cost-effective SMSF structural setup, administration, reporting and compliance services. That is, we take care of the legal and documentation side of the initial SMSF creation, as well as all the paperwork associated with its ongoing reporting, management and compliance obligations. We rely on our considerable SMSF expertise to ensure funds are optimally structured to deliver the best possible returns as per the investment strategy laid out by the Financial Advisor or Fund Members.

Who does SMSF 24/7 work with?

We provide complete SMSF set up, management, reporting and auditing services for Accountants and Financial Advisors as well as directly for Fund Members and Trustees. With staff in Perth and Sydney, we work with clients right throughout Australia.

Do you manage everything required for my SMSF to meet its compliance obligations?

Yes, at SMSF 24/7, we take care of all the necessary paperwork required for your SMSF to meet its compliance and reporting obligations. Our services are tailored to the individual needs of clients and encompass everything from trust deeds, operating statements and Members’ statements through to minutes of meetings, audit reports and annual returns. The level of service that is required from us will depend on various factors such as how many members your fund has, its assets value, the types and diversity of your fund’s investments and whether your fund has borrowings.

What about auditing?

To meet Australian SMSF compliance obligations, all SMSFs must be annually audited by an ASIC approved, independent Auditor. SMSF 24/7 liaises directly with Auditors on behalf of our clients and prepares all the documentation necessary for Auditors to complete their independent audit.

How are your services priced?

SMSF 24/7 offers three different pricing packages that are based on the complexity of the fund as well as the level of support that is required from us. In addition to our SMSF administration service packages, we offer a variety of additional services that are charged on an ad hoc basis. At SMSF 24/7, we pride ourselves on offering extremely competitive rates whilst still delivering high quality, SMSF administration services for our clients.

Why are your prices lower than some other providers?

At SMSF, we rely on the latest, industry-leading software, as well as established management processes, to streamline the entire SMSF set up, data collection, transaction processing and reporting functions. We make it as easy as possible for our clients to provide us with all the information we require to administer SMSFs, thereby enabling us to complete our work more efficiently and pass on the savings to our clients. Regardless of the fund’s complexity, we also provide transparent pricing that clearly illustrates the services we provide, and the costs associated with them.

Do you receive commissions from any financial institutions?

No, we do not retain any commissions or rebates from providers of any financial products held by our clients’ SMSFs. Whilst we can provide recommendations on suitable mortgage brokers if required, where and how our clients’ money is invested is decided by fund Members themselves or their Financial Advisors. Our expertise is around managing the administrative setup in such a way that facilitates optimal returns for Members as well as preparing all the necessary documentation for ongoing reporting and annual audits, tax returns and compliance reviews.

Will I be able to access my SMSF’s reports online?

Yes, we use ‘Class’, an award winning, SMSF administration software suite, as well as BGL corporate compliance solutions, which provide our clients with cloud-based accessibility to all their SMSF reports at any time. Our system provides our clients with reliable, timely access to the status of their investments as well as a direct line of communication with our SMSF experts for when any support is required.

I’m an Accountant or Financial Advisor, is direct contact with my clients required?

No, whether or not SMSF 24/7 has any direct contact with your clients is completely up to you. Via our cloud-based management system, you will have complete, real-time access to all your client’s SMSF documentation and can choose to liaise with them yourself to facilitate any necessary data gathering or document signing. Alternatively, you can elect for us to communicate with your client on your behalf; the choice is yours.

When was SMSF 24/7 established?

SMSF 24/7 is a division of NextClimb Pty. Ltd. NextClimb is a Perth and Sydney based accounting firm specialising in small to medium business accounting, tax minimisation, SMSF setup and compliance and wealth building. Established in 2016, we are CPA and Xero Certified and service clients throughout Perth, Sydney and across Australia. With a broad range of experience spanning finance, banking, taxation, superannuation and general accounting, each of our team members brings in depth knowledge gained over a minimum of ten years’ industry experience.

Are you members of any professional industry associations?

Yes, Krish Prajapati, the partner who manages the SMSF arm of our business, is member of The National Tax and Accountants’ Association Ltd. (NTAA) and The Institute of Public Accountants (IPA). NextClimb, our parent company, is a CPA Practice and Xero Certified Advisor.

testimonials

Take control over your super and get setup by getting in touch with us today.