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SMSF Outsourcing the Easy Way

Attention FINANCIAL PLANNERS: Click Here If You’re Looking for a White Label SMSF Service for Your Clients

SMSF Outsourcing is becoming the way forward for accounting firms 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 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.

SMSF Outsourcing the Easy Way
Click image to see our SMSF Outsourcing Total Package Plans

BOSS can provide 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.

So in summary if you choose SMSF outsourcing with BOSS you can:

  • Avoid unnecessary training of staff on SMSF issues
  • Avoid buying and maintaining SMSF software
  • Free up internal resources
  • Have ultimate flexibility: pay for the work to be done when you have it not when you don’t
  • Have a one-stop-shop for all your needs
  • Improve the turnaround time of SMSF administration and audit

SMSF Auditors – Increase Profit and Offload Boring Grunt Work

Have you had enough of the laborious, tedious grunt work involved in auditing? Do you have problems taking on more work because you are already overloaded? Outsource the bulk of the SMSF audit process to BOSS and we will:
  1. Review the accounting job and working papers for you to ensure SIS audit compliance
  2. We will point out whether the fund meets all compliance points e.g. contribution cap and minimum pension.
  3. We will ensure you (the auditor) have all of the following before signing the audit report:
    1. Engagement letter signed by trustee
    2. Trustee Representation Letter
    3. Check whether the investment strategy is updated
    4. Check trust deed is updated
    5. Check whether all current year signed copies of financials received
    6. Check tax return entered correctly as per financials
  4. Inform you about any items missing in compliance as well as the above document
  5. Prepare Audit Work Papers
Attention Financial Planners…. Are You Tired of Leaving Piles of Money on the Table When You Could be Providing Your Clients With a White Label SMSF Service and Putting Thousands of Dollars Into Your Own Pocket?

BOSS Can Organise all of Your Client’s SMSF Work From Start to Finish

BOSS offers you a specialist White Label SMSF outsourcing team that can perform all of your client’s SMSF Administration and Audit work, who will:
  • Set-up the SMSF accounts using specialist SMSF software
  • Keep your clients’ records up-to-date
  • Prepare and lodge the SMSF tax return
  • Submit financial and member contribution statements
  • Draft letters to your clients (on your behalf)
  • Do a working paper for each line item of Trial Balance
  • Calculate annual pensions
  • Prepare work papers and SMSF accounting reports for an auditor to complete their job (use your own auditor or have BOSS’ audit partner complete this task for you)Plus much more

BOSS Offers Financial Planners a Total Audit Service Completely White Label (Add Your Own Logo if You Choose!)

There are no hidden fees……ever! No kickstarter costs, no minimum number of funds you need to give us, no retainer and no ongoing fees or exit fees.

After 14 Years of BOSS Handling SMSF Work the Whole Process Has Been Streamlined for You

Give your clients a one-stop-shop by offering to handle all of their SMSF needs yourself. BOSS SMSF outsourcing gives you wholesale prices so you can either:
  • Give your clients the SMSF work at a reduced fee (giving you the edge over your competitors), OR
  • Add your own margin on top of the wholesale cost (increasing your profit per client), OR
  • Choose a combination of both – they’ll never know with the white label service!

The smooth process means the only thing for you to do is take care of your client relationship and pass on data to BOSS, (BOSS never has contact with your clients).

It doesn’t get much more simple than that!

And to ensure your peace of mind, BOSS is:

  • An Australian legal entity
  • A chartered practice and;
  • We have professional indemnity insurance to cover the whole operation

To arrange a FREE trial or to find out more book a telephone chat NOW!

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