Royale Capital Activesuper: The Benefits Of Choosing Our Smsf Administration Service

Many individuals who know they could manage their SMSF better than anyone else in

terms of selecting investments and working to grow their wealth, dont. One of the main reasons they do not is because of the many administrative obligations, rigorous compliance monitoring, and increasingly strict reporting requirements they must meet. These obligations are all extremely time consuming and in some cases, confusing, especially to the layperson but even to the most diligent investor.

If the burden and stress of having to deal with these obligations is holding you back from taking the reigns of your wealth building, then you need to look closely at Royale Capitals ActiveSuper SMSF Administration Service.

Our team of financial reporting experts takes on this burden for you. We have the background, the experience and the technology to ensure that your administrative duties are addressed effectively and efficiently.

Some of our ongoing services include maintenance of the fund, trustee and member records. Our experts ensure that the funds reporting obligations to the Australian Taxation Office or ATO are met including calculating your funds Pay-As-You-Go, Installment Activity Statement or Business Activity Statements. In addition we provide regular valuations of all assets held by the fund and make sure they comply with all legislative requirements.

Each month Royale Capital reconciles your bank and non-bank related transactions making sure there is appropriate supporting documentation for all. We also carry out a monthly compliance review to ensure your fund is compliant.

Each quarter Royale Capital prepares an all-inclusive report that details all the funds investment and compliance activities. Including in this report is a summary of outstanding, future and past activities; an investment strategy report that shows current allocation and investment strategy a member details report of each members accumulation and/or pension accounts; a summary report that outlines the current values of the funds investments in comparison to the original cost of those investments; a detailed breakdown of all purchases and sales made during the quarter; a report that details the funds profit/loss position on all investments sold during the quarter and an income summary.

Every year Royal Capital prepares an annual compliance booklet that includes financial statements for the year, trustee and member declarations, and tax return. In addition, an account manager assigned to your fund conducts a final annual review to make sure everything is correct and in compliance; and prepares working papers to be forwarded to the funds nominated auditor.

What this does is take the administrative number crunching off your shoulders and onto ours. This frees you and your members up to do what they do best make investments and grow wealth.

by: Jason Burrows

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