SMSF documentation provider Topdocs has this week announced a new service that will automate ABN applications for SMSFs.
Topdocs has automated ABN applications for SMSFs through a new direct link with the Australian Business Register.
This feature of Topdocs’ online portal automatically pre-populates the entire ABN application form for advisers when they set up their SMSF establishment documentation with Topdocs.
As part of the new ‘Instant SMSF’ application, advisers can also register a corporate trustee for their SMSF, create a Macquarie or NAB Cash Management Account application and have the investment strategy prepared for the fund using the online application form.
For accountants using Class Super, the application will also automatically create the new fund in the Class Super software application.
“We have turned the overall process of setting up the fund, creating the CMA and applying for the ABN from a process that can take advisers up to an hour and a half to do to a simple 10-15 minutes,” said Topdocs director Michael Spakman.
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