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How can AmberApp users set up an SMSF and integrate it to invest in Bitcoin?

Updated over a week ago

How to Set Up a Self-Managed Super Fund (SMSF) with AmberApp for Bitcoin Investments

AmberApp supports its users in establishing and managing Self-Managed Super Funds (SMSFs) to facilitate Bitcoin investments. Specialized SMSF accountants with extensive experience in incorporating Bitcoin into investment portfolios offer these services to AmberApp users.

Benefits of Partnering with SMSF Specialists for AmberApp

Working with specialists ensures that your SMSF complies with all regulations and is optimized for Bitcoin investments. SMSF-focused accountants can streamline the process and offer tailored guidance to suit your investment goals.

General Cost Structure and Services

When seeking professional SMSF setup assistance, consult accountants familiar with investing in digital assets such as Bitcoin. Here are the typical services offered and associated costs:

  • SMSF Setup Costs: Services may include fund creation, trustee establishment, and compliance adherence. Expect fees starting around $1,800 to $2,200 (exclusive of GST).

  • Ongoing Accounting Fees: Accounting services usually range between $1,900 and $2,500 annually, depending on the complexity of your SMSF.

  • Audit and Compliance Services: Annual audit fees begin around $700 but may vary based on your SMSF's structure.

Note that individual costs may vary, and it's recommended to compare different service providers in terms of fees, expertise, and service levels.

Steps to Request Assistance Through AmberApp

If you're ready to set up an SMSF integrated with AmberApp for Bitcoin investments, follow these steps:

  1. Explore Your Options: AmberApp collaborates with a curated panel of SMSF accountants who specialize in cryptocurrency investments. Contact them directly or request a referral via AmberApp.

  2. Determine Your Needs: Discuss with the accountant your requirements for SMSF setup, ongoing accounting, and audit services.

  3. Apply for an AmberApp SMSF Account: Once your SMSF is active, you can apply for an SMSF account with AmberApp to commence your Bitcoin investments.

Related Topics

Setting up an SMSF with AmberApp specialists enables you to confidently and securely include Bitcoin in your investment portfolio while adhering to all relevant regulations.

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