How it works
Outlook's focus on SMSF administration and compliance is to ensure that trustees understand and complete their continuing obligations.
Whilst it is an annual requirement to produce financial statements and the SMSF Annual Return, it can be dangerous to be taking a retrospective view to the fund's obligations, in particular with significant penalties for things such as:
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contributions in excess of the concessional and non-concessional contribution limits
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not taking the minimum pension levels; or
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other activity that may be in breach of superannuation or tax law requirements.
Technology advancements allow Outlook to provide its SMSF clients a complete solution for data integration and financial reporting. With best-of-breed service providers, Outlook provides a complete online solution for clients to obtain information and also report back to trustees in a secure client area.
The diagram below shows our approach to undertaking your SMSF's administration and compliance requirements:
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