Annual ‘White Label’ Service

 

Our annual ‘White Label’ service allows an accounting practice to shift the burden of preparation of annual fund financial statements, tax return and the annual fund audit to us, thus allowing staff and resource to be redeployed to more productive and higher margin tasks. As our focus is 100% SMSF, you will receive a professional and cost effective service that will attend to your firm’s SMSF administration and compliance requirements.

This service allows the accountant to retain full control of the client. The fact that the SMSF is your client is not only important to you, but also important to us. Our business is conducted to enhance the relationship between you and your client. We will not contact your client unless specifically instructed to do so by you.

You can remain the Tax Agent for the fund, being responsible for:

• lodgement of fund SMSF Annual Returns (tax returns) based upon draft return provided by us

• preparation and lodgement of fund activity statements

• checking and varying, where applicable, fund PAYG Instalment notices

You will also continue to be the postal address for all ATO correspondence.

Further, after consideration of the Auditor Independence and the SMSF Auditor Competency rules, you wish to remain the Auditor of your client SMSFs we can provide a work papers file to assist with your audit. Alternatively, you can appoint your own Auditor to whom we can provide the same work papers file or an Auditor from our own panel of SMSF Auditors.

Fund source documents are provided to us once a year for the previous income year. Whilst not compulsory, from a fee perspective, it is in the accountant’s best interest to provide the source documents for all funds utlising this service at the same time.

Further details of this service are:

Annual compliance includes:

• Annual data entry of fund transactions using BGL Simple Fund File

• preparation of financial statements & draft SMSF Annual Return (tax return)

• preparation of electronic work paper file for audit purposes, if requested

• Your firm’s details on reports

• You choose auditor of the fund

We can arrange a negotiated fixed flat fee per fund, based upon a minimum of 10 funds for a two (2) year period. We offer an initial trial of 5 funds prior to committing to the service.

Other requirements of service:

• Administration Outsource Agreement between Tranzact Super and the Accountant

• Minimum 10 funds over a 2 year period.

• Payment of fee by either credit card or deduction authority

• We will provide hard copy of annual compliance statements, returns and documents. We do not provide an electronic copy of any files or documents.

To discuss this service further please contact our office:

 

Tel: Free Call 1800 644 804
Email: contact@tranzacttotalsuper.com.au