SMSF Outsourcing is becoming the way forward for accounting firms and financial planners to make the most profit from their client base whilst saving time and resources in-house for other important activities.
SMSFs (Self Managed Superannuation Funds) are easy to outsource since the data required is relatively the same in each case. Unlike company, trust or individual tax returns, that may need a lot of different data and be convoluted in nature. However, SMSF administration work itself can be quite complex work and a specialist SMSF outsourcing team can be very adept at efficiently processing SMSFs compared to your average in-house accountant.
There are important laws and regulations to keep abreast of and our SMSF outsourcing team are constantly updated on the changes and implications.
SMSF auditing is part of the overall compliance requirement so our SMSF outsourcing team can prepare excellent work papers and SMSF accounting reports to make it efficient for the SMSF auditor to do their job. You have a choice of using your own auditor, or if you prefer a one-stop-shop for all SMSF administration and audit work, BOSS has partnered with an Australian auditor (this ensures independence).
We have reached a level now with SMSF outsourcing where an accounting firm or financial planner does not have to do anything except handle the client relationship and pass data to us. So you can outsource the SMSF administration and SMSF audit work and not even have to own BGL or any other accounting software. We just do the work: prepare a draft tax return (we can lodge this too) and prepare white label financial statements, member statements, draft letters to your client, minutes, pension calculations and the audit report. Of course you can brand all the documentation provided for the administration work.
BOSS provides the SMSF outsourcing service on a casual basis meaning there are no minimum hours you need to pay for and you can send work when you have it.