Forum Replies Created
As a tax accountant Melbourne, I can confirm that fees vary depending on your situation and the complexity of your return. If you’d like an accurate quote, feel free to contact us — we’re happy to help clarify what you should expect.
jon-smith | KPG Taxation
https://www.kpgtaxation.com.au/
Email Me | Phone MeGreat discussion point — many new trustees underestimate just how detailed SMSF compliance can be beyond the initial setup. One of the most common challenges I see clients face is ensuring their fund’s investment strategy and documentation are not only prepared but regularly reviewed to reflect changing circumstances. The ATO expects the investment strategy to clearly justify asset allocations, liquidity, and insurance considerations — something that often gets overlooked after setup.
Another area that can cause issues is the timing and flow of contributions. Many trustees assume they can backdate contributions or allocate them across financial years for tax purposes, but SMSF rules and contribution caps are very strict. A small timing error can trigger excess contribution tax or compliance breaches.
My advice for anyone setting up an SMSF is to engage an accountant or SMSF specialist before making contributions or investments, not after. Having clear documentation, a compliant investment strategy, and an understanding of contribution and pension rules from day one makes the ongoing management of your fund much smoother.
jon-smith | KPG Taxation
https://www.kpgtaxation.com.au/
Email Me | Phone MeHey mate,
Yeah, it’s pretty normal for accountants to charge for phone calls or quick advice – most of them bill in little 6-minute blocks, kind of like lawyers. That said, just because it’s “normal” doesn’t mean you should feel short-changed. If you’re not happy with the level of service, trust your gut.
A good accountant should make you feel like they’re on your side, not like you’re getting nickelled and dimed every time you pick up the phone. Some firms do fixed-fee packages that include calls and emails, which can take the sting out of it. Others are more old-school with time sheets.
My advice:
Always ask upfront for their fee schedule so you know exactly what’s chargeable.
Try putting your questions in short emails – that way you’ve got a record of the advice and it usually costs less than back-and-forth calls.
And honestly, shop around. There are plenty of CPAs out there who will take the time to explain things properly without making you feel like you’re being ripped off.
So yeah, the charging isn’t unusual, but if you feel they’re not really working for you, you don’t have to stick with them. The right accountant is worth their weight in gold.jon-smith | KPG Taxation
https://www.kpgtaxation.com.au/
Email Me | Phone MeIt’s not unusual for accountants to charge for advice, but clear communication upfront is key. If you’re not feeling heard or valued, it’s totally fair to look elsewhere—there are great CPAs out there who focus on client relationships and transparent pricing. Trust your gut and shop around next time. There are firms out there who won’t charge you just for asking a question—just takes a bit of digging.
If you ever need a second opinion or a bit of guidance, feel free to reach out—I’m happy to help.
jon-smith | KPG Taxation
https://www.kpgtaxation.com.au/
Email Me | Phone MeThanks for sharing this. Personally, I’d be cautious about CBD student apartments. Yes, cash flow can look good, but capital growth is usually poor, finance is harder, and resale demand is limited. Also, always question if the referral is really in your best interest or mainly benefiting the person recommending it. It’s worth comparing these deals with houses or townhouses in growth areas before deciding.
jon-smith | KPG Taxation
https://www.kpgtaxation.com.au/
Email Me | Phone Me
