LOCAL firm Power Tynan has taken out two of Australia's most coveted SMSF awards.

The company won both Community Engagement Program of the Year and Small Business Adviser of the Year, while team members Gilda Brisotto and Kymberlee Naumann were named as finalists in the SMSF Professional of the Year (Regional) category.

The introduction of SMSF and Accounting Awards is an initiative launched in partnership with Super Concepts to recognise individuals and businesses making their mark in SMSF and accounting advice by championing professionalism, quality advice and innovation.

Power Tynan Executive Director Brad Hancock said the firm was humbled by the wins.

"These awards would not have been possible without our incredible team,” Mr Hancock said.

"Being recognised for our contribution to the industry also reinforces the strength of our brand in connecting with our clients and our community.”

The winners were announced at a gala dinner at Brisbane Convention and Exhibition Centre on Thursday, October 26.

"Congratulations also to all the finalists, who came up against incredibly tough competition to secure a spot among the best in their locale,” head of partnerships for SMSF Adviser Terry Braithwaite said.

"You are setting benchmarks for professionalism and quality which are helping your clients prepare for retirement, and protect and manage their hard-earned savings.”