Do you know how your super is performing?

Mobbs & Company have a specialised team to assist with all your Self Managed Superannuation Fund needs.

We can assist with all areas of our Superannuation Fund, from setting up your SMSF to preparing your Financial Accounts and Taxation Returns. Our qualified staff are here to assist you; whether it is borrowing through your superannuation or any queries that you may have in between.

You can be assured that we can simplify your affairs and offer you the accurate and professional advice that you need, in a timely manner.

Want to find out more?

Finding it hard to hit your financial targets?

Our business benchmarking service analyses your business' position within the industry and identifies an action plan to increase profitability.

Want to find out more?

Accounting News

Illegal SMSF early access scheme leads to $6,000 fine

A promoter has been fined $6,000 for operating a financial services business without a licence.

 

 

The promoter ran a scheme to facilitate illegal early release of clients superannuation benefits through the creation of self-managed superannuation funds (SMSFs)

Whilst each step may have appeared legitimate for tax purposes, overall it did not pass the “smell test”.  Rather than only penalise the SMSF trustees, a bigger stick was used to fine the promoter.

Whilst the case does not refer to action against each client, there would be significant cost and likely remedial action for each SMSF and its trustees.

 

 

AcctWeb