Vision Accountants
- On Dec, 29, 2020
- Connor Krohn
Northcity Accountants is a full-service Accounting firm, specializing in creating memorable, one-of-a-kind experiences in tax preparation in and around Melbourne. We service all types of business and sizes, Medical Centres, Cleaning Business, Coffe shops, Restaurants, Churches, Import Companies, Export Companies. Manufacturing Business etc. We pride ourselves on anticipating our client’s needs and exceeding their expectations.
Continue Reading...SMSF Auditor Independence
- On Mar, 19, 2021
- Connor Krohn
Auditor independence Approved self-managed super fund (SMSF) auditors must comply with independence requirements as part of their professional obligations under the: Superannuation Industry (Supervision) Act 1993 (SISA) Superannuation Industry (Supervision) Regulations 1994 (SISR). The independence requirements are set out in APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (2018) (the Code) produced by the Accounting Professional & […]
Continue Reading...Superfund -Auditor Checks
- On Mar, 19, 2021
- Connor Krohn
As an SMSF auditor, there are extra audit checks you need to consider when undertaking the final SMSF audit for an SMSF that is winding up. These include checking that: any wind-up requirements in the trust deed have been met all members agreed in writing to the wind up the financial statements correctly account for […]
Continue Reading...Auditing an SMSF The trustees must appoint their SMSF auditor
- On Mar, 19, 2021
- Connor Krohn
Auditing an SMSF The trustees must appoint you as their SMSF auditor no later than 45 days before the annual return is due to be lodged and provide you with all relevant documentation to conduct and finalise the audit. If you request more information from the trustees, they must provide it to you within 14 […]
Continue Reading...Super Laws & SMSF Auditors
- On Mar, 19, 2021
- Connor Krohn
As an SMSF trustee you may need to deal with two key government agencies. These are: Australian Taxation Office (ATO) – administering the relevant super laws for SMSFs. Australian Securities & Investments Commission (ASIC) – regulating financial services to protect consumers and manages SMSF auditor registrations. We SMSF Auditors can Help call 03 9404 2737
Continue Reading...SMSF & Commercial Property-SMSF Auditor
- On Mar, 19, 2021
- Connor Krohn
Investing in commercial property Generally speaking, investing in commercial premises through an SMSF has some advantages over residential properties. The rules relating to holding residential property in an SMSF very clearly stipulate that the property can’t be rented or occupied by you or any other trustee. It also can’t be rented or occupied by any […]
Continue Reading...Buying Property-SMSF and Auditor
- On Mar, 19, 2021
- Connor Krohn
A Guide To Buying Property Through An SMSF Investing in property through a self-managed super fund (SMSF) has grown in popularity in recent years, particularly since it became possible for SMSFs to borrow money to fund a direct property purchase. This is an area where you really do need to make sure you know what […]
Continue Reading...Self Managed Superfund
- On Mar, 19, 2021
- Connor Krohn
Our SMSF auditing solution will deliver world-class auditing to you and your clients with transparency, consistency and quality. When your organisation needs to reallocate resources, ensure auditing efficiency or simply get more value for money, the Northcity Accountants-SMSF Auditing team is here to help you get started. We charge $750.+GST fixed Price and Audits are […]
Continue Reading...SMSF
- On Mar, 19, 2021
- Connor Krohn
An SMSF audit only practice based in Melbourne we have been performing the independent audit for our valued SMSF clients since 2013. Our team of highly skilled auditors perform a seamless, fully integrated audit with a particular focus on ‘user friendliness’. We work with our clients to ensure their expectations are met as it relates […]
Continue Reading...Self Managed Super Fund-Audits
- On Mar, 19, 2021
- Connor Krohn
Members of the professional accounting bodies are required to comply with the five fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour. There may be circumstances which make it more difficult for accountants to comply with the principles because they create specific threats to compliance. The circumstances can be the […]
Continue Reading...SMSF Auditor
- On Mar, 19, 2021
- Connor Krohn
From 01.07.2021 Accounting Firms Preparing SMSF Financials cannot Do The SMSF Audits -APES 110 Thou shalt not do “in-house” audits – that is you cannot provide or manage, any of the financial advice, accounting or tax advice for a fund AND then audit that fund …“Chinese walls” don’t cut it anymore! Thou shalt not do “in-network” […]
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