so having been dicked around for the last 12 months by 2 seperate accountants, does anyone have first hand recomendations of a bean counter able to assist me with setting up a smsf.

Thanks

Zappavigna Consulting

__________________
[COLOR=Black]Liberty GT Spec B tuned 240 HP & 372 Nm at the hubs.[/COLOR] "Instead of banning high performance cars - ban low performance drivers"

MCM Wealth Management

Give them a call...best financial advisers and SMSF specialists are in Melbourne.

Ask for a lady called Anne, she's no bull, no hidden fees, and always your choice to apply the given advice/recommendation (you're in control unlike others)

:-)

I think the more fairer statement is 'the most interesting financial advisers are in Melbourne and surrounding'.

This post is in no way related to the specifics mentioned in RJ999s' post.

__________________
[SIGPIC][/SIGPIC]

Unless you're over $100k in super a SMSF really doesn't hold any advantages other than the ability to leverage your funds, and even then the costs usually out weigh this unless you are over that $750k area. Plus the ability for SMSF's to take out loans is most likely going to change.

See a financial planner/wealth manager, they will advise you on the best options and be able to get it setup for you (or atleast put you in the hands of a good accountant)

I do/don't agree with you as it depends on the investment strategy, type of investment/sustainability/longevity.

We can make assumptions/discredit investment vehicle choices but coupled with investment accessibility options over public funds as well as not having to poissibly undertake unnecessary off market transfers in the future an SMSF can be advantageous 'especially when we look at retirement benefits of assets within an SMSF environment'.

I do strongly agree with seeing a proficient financial adviser/accountant to look at the viability of an SMSF and cross referencing compliance costs.

Its all a question of cash flow.

__________________
[SIGPIC][/SIGPIC]

While it is true that you can invest in lots of investment products that are unavailable with retail funds, the question is do you really need it? Do you have enough with your super to make it worthwhile? You have to remember the costs of setting one up is quite high and the ongoing accounting fees isn't cheap either, plus you will have to do quite a bit of work as the trustee( or you can pay someone else to do most of the admin stuff but that costs you extra and you will still have to sign the occasional paperwork)
If all you want to do is invest in direct shares, you can possibly consider a wrap platform?
I have a feeling that you are setting a SMSF up to invest in a property though. I am hoping I am wrong.

__________________
02STi - Vipec, Oval Varex, APS CAI with K&N Filter, Walbro 255L, 53MM Koyorad & STD Coilover

19.5psi tune 271.6HP@6000 351.3NM@4700

All these pros/cons are valid, maybe only one I don't agree with is the 750k figure, you can with much less than this depending on what you're investing in and if your SMSF specialist is here to help you or to make money off you!!

Hence why I recommended an honest FP firm, they'll do the hard work, and present you with the options/costs, then you choose to go forward knowing exactly what it will be like.

And definitely Melbourne is the place for financial planning, not Perth. Give it a shot you'll be surprised by how much better they are at it.

Might even make you relocate
Which I would if it wasn't for the industry I work in that keeps me in Perth.

Yeah not sure why I said $750k.

Point is speak to someone with a lot of experience, an accountant is good for setting it up and telling you the ins and outs but a financial planner will give you the best info (IMO). There are a lot of compliance things you have to do and if the trustee doesn't keep up with it all there are some brutal punishments. A lot of people also think it'll be easy to outperform market super funds, it's not.

Thanks all.

Had plenty of advice
Researched it very well.

Yes it is viable and worthwhile for me to handle my own superfund.

No i'm not looking to buy property with the fund. ( but i am looking to buy property ! )

So back to the original question "does anyone have first hand recomendations"

Thanks