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RECENT ATO figures have shown that the number of people choosing to terminate their Self-Managed Super Funds (SMSF) is steeply rising.
In response to the increase, Brisbane accounting and financial advisory firm Crowe Horwath has partnered with CareSuper to lend a hand with the burgeoning number of clients needing assistance with SMSF wind-up management.
The primary partnership goal is to provide a streamlined service for CareSuper members, helping them tackle the various steps of closure.
Head of SMSF at Crowe Horwath Susie Salmon says the arrangement is mutually beneficial, and will produce a very helpful service for all members.
“We are extremely excited about this partnership,” says Salmon.
“We believe the SMSF Wind Up service will be of high value to CareSuper.”
CareSuper CEO Julie Lander says the job of winding up any SMSF is an incredibly complicated one, and the new assistance given by Crowe Horwath is both timely and valuable.
“The procedure of closing an SMSF is very drawn out; you have to notify the ATO, liquidate or transfer all the assets of the fund, arrange a final audit of your fund, lodge your SMSF annual retrun and finalise any outstanding tax liabilities,” says Lander.
“Our new partnership with Crowe Horwath means this process will be seamless for CareSuper members and handled in one simple step.”
The CareSuper SMSF Wind UP Service is now open to all organisation members.
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