Outsourcing your SMSF service offerings
At The SMSF Accountant, we understand the complexities involved in keeping up-to-date with the ever-changing superannuation industry. Indeed, given the articles appearing almost daily in the major media, it would be expected for these changes to be ongoing well into the future. Keeping up with the details and implications of all these changes can be distracting and overly time-consuming for accountants and other advisors who are more broadly engaged in general practice.
Where some accounting practices have decided to get out of SMSF-related work altogether, others have decided to outsource all of their SMSF work to a specialist SMSF practitioner (such as The SMSF Accountant) whilst maintaining a seamless experience for their clients. The practice can be relieved of the complex accounting work required for SMSFs, and there is no further need to recruit and retain qualified staff to perform this work compliantly.
If your firm is currently outsourcing SMSF work, you might like to find out how The SMSF Accountant can help your business more efficiently with a range of flexible packages and service modules.
For example, The SMSF Accountant can act as an off-site resource and prepare the accounting file, financial statements and annual returns for your SMSF clients. In this instance, your firm would still act as the tax agent and lodge the prepared returns. Alternatively, The SMSF Accountant can ask as the tax agent for your business clients who have SMSFs, and your firm continues to provide the accounting and tax services to the clients’ main business.
There are many different types of SMSF outsourcing options, and these can be tailored to suit the needs of your business exactly.
If you’d like to know more about outsourcing SMSF-related work, contact Diana Morris at The SMSF Accountant for an obligation-free discussion today.