Modern SMSF Administration
Promoted by Class Super.
Modern SMSF Administration: How to embrace digital automation & new service models. Designed to help SMSF accountants, administrators and planners this brand new ebook provides insights and guidance to help maximise SMSF admin efficiency, profitability and client satisfaction.
Preview of Chapter 1: An existential challenge - accountants vs administrators
SMSF accountants are facing an unprecedented challenge to modernise their workflow and transform their businesses.
The compliance workload around SMSFs continues to increase as the ATO and the federal government seek to keep control and transparency in the fast growing SMSF sector. Reporting timelines are reducing and the ATO has made it clear it wants to move to more timely event based reporting on SMSFs. This is a huge, disruptive change from annual reporting that will challenge even the most sophisticated accounting practice.