BOSS’ Admin & Auditing SMSF Accounting Outsourcing Option Too Tempting for Firms

With over a dozen years working in the SMSF accounting outsourcing field BOSS has put their time and experience under the microscope in order to come up with new SMSF packages that are fit for any sized accounting firm. BOSS is delighted to offer firms what they’re calling “the whole SMSF package” where the only thing remaining for firms to take care of is their own client relationships and the handing over of data for BOSS to look after everything on their behalf. 

But what does taking care of everything involve?

Drafting tax returns (and lodge it if requested), a working paper for each line item of Trial Balance, the calculation of the amounts of annual pensions, minutes, members statements, white label financial statements, audit reports (Audits are performed by an independent auditor but overseen by BOSS so firms can sit back and relax), letter drafting to firm’s clients – Contribution to be made for the following year- Pension to be withdrawn for the following year, software backup + more. And all documents can also be branded with the client’s own brand.

With the choice of three SMSF accounting outsourcing packages ranging from 8 to 15 to 25 hours, there is no minimum amount of hours to satisfy and no time limits to be concerned about. Normally, firms would be required to send work to an outsourcing provider for them to prepare work papers and financials. The accounting or financial planning firms would then need to organise letters relating to contributions, pensions and future plans and then send that information off to another party in order to have it audited. With the amount of work involved, it eats at profit margins. With the new and competitive SMSF plans on offer, the complete audit process is handled by BOSS. The audit procedure is performed by a separate auditor but BOSS oversees the whole process from start to finish. SMSF work just got a whole lot more attractive.

Lee Court, Sales and Marketing Manager of BOSS says, “I’ve always felt the need for a complete SMSF service where the whole process could be taken care of for accounting firms. In the past, when all of the necessary SMSF accounting outsourcing steps were carried out by separate providers and also involved a lot more work on the accounting firm’s behalf, clients seemed to be dissatisfied with the amount of time and hassle involved in that kind of service and were less likely to outsource that kind of work. Now we’ve altered the way things are done we’ve found firms are really wanting to dip their toes into something that removes all the work for them. We’re encouraged by the results and know we’ve hit the spot with these packages.”

To hire a virtual SMSF outsourcing team visit www.boz.com.au

About BOSS, BACK OFFICE SHARED SERVICES PTY LTD

BOSS (Back Office Shared Services Pty Ltd) was founded in 2004 to provide skilled accountants and bookkeepers on a full-time, part-time and casual basis to commercial enterprises, accounting and financial services firms in Australia.

BOSS India is a subsidiary of BOSS Australia and runs just like an ultra-modern paperless Australian public practice because the Director and Accountancy Practice Principal, Peter Vickers, has been operating his own successful Australian public practice for over twenty years.