o2inow Accounting Services Private Limited

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Overview

A Self-Managed Superannuation Fund (SMSF) gives you control over your superannuation funds to invest in the manner you choose. SMSF's provide significant tax advantages and are a very effective way of protecting assets. At o2inow, we look after the preparation of financial accounts and tax returns for SMSF's.

The team at o2inow works with you to minimize your tax burden. Taxes make up a major business cost but this can often be reduced with the help of effective tax planning. From start-up businesses to established entities, we provide advice on how to choose the most appropriate tax operating structure in accordance with the applicable laws. Our services in Taxation are available for Individuals, Companies, Partnerships, Trusts, etc.

Specifically applied to Australia, which has a highly multifaceted and frequently changing tax structure, we provide in-depth knowledge and customized approach to meet the needs of our clients.

Services

Standard Services:

  • Electronic work papers for easy review.
  • Setup of new funds/clients in relevant softwares.
  • Fund Accounting and Data Entry processing.
  • Customized checklists and work instructions.
  • Preparation of Income Tax Returns.
  • Preparation of Tax Summaries and Estimates to facilitate tax planning.
  • Extraction/Reconciliation of investments from Share Registries.
  • Liasing with Financial Advisors, if required.
  • Preparation of standard letters for clients, Australian Tax Office (ATO) and financial advisors.

Superannuation Services:

  • Preparation and application of Actuarial Certificates.
  • Preparation of pension calculations, minutes and commencement applications.
  • Preparation of Trustee Minutes and S290-170 notices for Super Funds.
  • Liaising with auditors to ensure the fund does not breach any SIS Act Rules and, if it does, then advising on the steps that need to be taken to ensure the breach is minimized/corrected.

Reliability & Relevance

Strict adherence to regulations and constant monitoring and update of its processes are an integral part of o2inow's service model.

o2inow's services are fully compliant with the SIS (Superannuation Industry - Supervision) Act.

In addition to in-house protocols for skill evaluation and training, o2inow takes the aid of several industry standard professional bodies such as The National Tax and Accountants Association Ltd., Australia to keep itself updated in terms of knowledge and methodologies.