The BOSS value-based SMSF accounting outsourcing solution manages the entire administration and auditing processes for accounting firms of any size across Australia
After more than twenty years in the SMSF accounting outsourcing industry, BOSS has closely examined their time and expertise to develop new SMSF packages suitable for accounting firms of all sizes. They are pleased to present what they term “the complete SMSF package,” allowing firms to focus solely on maintaining client relationships while entrusting BOSS with their data and all related SMSF responsibilities.
But what does it mean to oversee everything?
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sit back and relax), letter drafting to firm’s clients – Contribution to be made for the following year- Pension to be withdrawn for the following year, software backup + more.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 availability of three SMSF accounting outsourcing packages that offer options for 8, 15, or 25 hours, there are no minimum hour requirements and no deadlines to worry about. Typically, firms need to delegate tasks to an outsourcing provider who then prepares work papers and financial statements. Following this, accounting or financial planning firms must compile letters regarding contributions, pensions, and future strategies before forwarding this information to another entity for auditing. This extensive workload can significantly affect profit margins. However, with the competitive SMSF packages, the entire audit process is managed by BOSS. While a separate auditor conducts the audit procedures, BOSS oversees everything from beginning to end. The landscape of SMSF work has become much more appealing.
See: https://boz.com.au/outsourced-accounting-smsf-profitable/
BOSS recognised the necessity for a comprehensive SMSF service that can manage the entire process on behalf of accounting firms. Previously, when various SMSF accounting outsourcing tasks were handled by different providers, it required significantly more effort from the accounting firms. This led to clients feeling frustrated with the time and inconvenience involved in such services, making them less inclined to outsource these responsibilities. However, now that we’ve revamped our approach, we’re discovering that firms are eager to explore options that alleviate their workload entirely. We’re excited about the positive outcomes and confident that the BOSS SMSF packages address their needs effectively.
