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Nominate a Tax Agent for Your SMSF

nominate-tax-agent

To nominate us as the tax agent for your SMSF, please follow these instructions.

Starting from November 2023, any changes to the tax agent for your SMSF (or any other companies or trusts you manage) must be made online through ATO Online Services for Business.

Even if you have provided written authorisation to your new tax agent, they will only be able to access your records and lodge documents on your behalf after you complete the online authorisation process.

How to link us as the tax agent for your SMSF

To appoint us as the tax agent for your SMSF, follow these steps:

If you already have ATO Online Services access for your SMSF, go straight to Step 3.

  1. Set up myGovID
  2. Link myGovID to your SMSF ABN
  3. Login to ATO Online Services for Business
  4. Nominate us
  5. Let us know you’ve nominated us

Step 1 – Setup myGovID

If you’ve previously applied for a Director ID, you should already have the myGovID app set up on your phone. If not, please follow these instructions: Set up myGovID

If your SMSF has a company trustee, “Standard” identity strength is adequate.

If your SMSF has individual trustees, “Strong” identity strength is required to link your myGovID to your SMSF online.

Step 2 – Link myGovID to your SMSF ABN

Login to the Relationship Authorisation Manager (RAM) to link your SMSF to your myGovID: Click here to Login to RAM.

Once you log in, there are 2 options to link the ABN:

screenshot of RAM ABN linking

Option 1. Link your business

This is the best option but it is only available if your SMSF has individual trustees AND your myGovID identity strength is “Strong”.

If your SMSF has a company trustee OR your myGovID identity strength is “Standard”, you need to use the second option “Accept an authorisation for a business” which we’ll discuss below.

Option 2. Link via authorisation code

To get an authorisation code to link your SMSF, you need to do the following:

  1. phone 1300 287 539 and select option 3 during ATO operating hours to complete a proof of identity check*
  2. once confirmed, you’ll receive an email with an authorisation code
  3. log in to RAM, click “Accept an authorisation for a business”, enter the code and click Submit

*Proof of identity items will include:

  • Your full legal name
  • DOB
  • Address
  • Personal TFN
  • ABN of the SMSF

Step 3 – Login to ATO Online Services for Business

  1. Use your myGovID to log in to ATO Online Services for business: Click here to login to ATO Online Services
  2. Select your SMSF and click next.

Step 4 – Nominate us

  1. Under Profile, select Agent details:
  2. Under Agent Nominations heading, click “Add”.
  3. Search for agent by entering “The Phamily Business Pty Ltd” or Registered Agent Number 25966826
  4. Confirm the nomination and submit.

You will now see The Phamily Business Pty Ltd listed as a nominated agent.

The following screenshots will assist you visually:

image

Step 5: Let us know you’ve nominated us

Please email us: [email protected] or send a message with the name and ABN of your SMSF via the live chat function to confirm you’ve nominated us.

Florence is an expert in Self-Managed Superannuation Fund’s and partners with our clients to assist them with their compliance and administration obligations. Florence has over 10 years of experience in the industry. A registered financial planner and licensed mortgage broker, she focuses on assisting small and large businesses plan for long term growth and wealth generation. Florence is not your ‘average financial adviser.’ She is one of our most sought-after and trusted adviser, with her skills recognised by both clients and her industry peers. Her key focus is working with clients individually to understand their needs, educating and giving them control, security and the freedom to advance themselves. She believes that hard work and a disciplined strategy gets results for clients and she works with them on a plan that suits. However, her most notable gift is the ability to transform static spreadsheets into dynamic pictures that help clients understand and futureproof their plans.

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