What we do
We provide comprehensive SMSF services to accounting firms in Australia. We enable SMSF administrators manage SMSF administration in a seamless, efficient and cost-effective way. Since 2006, our solutions have been enabling over 150+ clients in delivering tens of thousands of jobs successfully.
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SMSF Outperformance: Key Insights from 2021-2022 Financial Year
Recent research on the financial performance of self-managed superannuation funds (SMSFs) for the 2021-2022 financial year reveals notable findings.The median headline SMSF return surpassed the corresponding median APRA fund return by 4.1 percentage points.
Read moreOur Services
We are also delighted to bring to you our SMSF body of knowledge built by our Centre of Excellence in Accounting. Our relentless pursuit for excellence in accounting and adoption of the latest technology has resulted in time tested methods of SMSF compliance & audit solutions for SMSF Administrators, Financial planners and Accounting firms. We assist you in freeing up your internal resources and improve the turnaround of SMSF administration and audit by working as your extended team. Our services include but are not limited to:
- Manage the entire audit workflow from initiation to completion, ensuring all processes are meticulously followed
- Review compliance in accordance with APRA regulations & SIS Act, ensuring all audits meet the necessary legal standards
- Enable workpapers for auditors' quick review, utilizing cloud software for seamless access and updates
- Enable the cloud software workpapers, providing easy access and real-time updates
- Create PDF-based hyperlinked files for streamlined navigation and reference
- Ensure all workpapers are audit-ready, facilitating a smooth and efficient audit process
- Manage all accounting and audit queries promptly, ensuring no delays in the workflow
- Perform investment and tax reconciliations to ensure accuracy and compliance
- Finalize and generate all financial reports with precision, meeting all statutory requirements
- Pre-work checklist
- Portfolio Management
- Ensure compliance is followed based on expert recommendations
- Pension Commencement & Commutations
- Tracking of Pension/ Contribution Caps
- Monitor and report on portfolio performance and providing insights
- Apply and ensure the accuracy of data provided for the actuarial certificate
- Prepare comprehensive collation packages
- Prepare and lodge AR/BAS/TBAR accurately and on time
- Enable bank & broker feeds for real-time transaction updates
- Update transactions and raise queries on a monthly basis to ensure accuracy
- Provide live and accurate financial reports, offering clients an up-to-date financial overview
Smart SMSF Audit Support Services
Smart SMSF Audit Support Services
- Independent
- High Quality
- Timely
- Cost Effective
We work closely with audit firms in Australia to provide expeditious SMSF audit services to accounting firms in Australia. Carisma Solutions has put together a panel of independent, certified and ASIC approved SMSF Auditors with years of SMSF audit experience. This Audit service is backed by Carisma Solutions internal audit team that prepares a comprehensive audit program and shares it with the Auditors for review. After conducting their independent review, the Auditors would issue the required Audit certificate. Our SMSF audit support services help streamline the end-of-year workflow and enable timely lodgements.
Platforms and Technology
