Web Based 24/7 SMSF
Administration Service for Accountants
Tranzact Super was one
of the first SMSF administrators to introduce daily data processing and compliance
services. This process has the advantage of enabling a proactive approach by the
fund’s decision makers but requires an ongoing effort by accountants and trustees
in the provision of the information needed. Consequently, this service is suitable
for those clients who require and appreciate progressive processing of their fund;
the ability to view current reports on the web; and constant compliance monitoring.
This service is vastly
different from the usual “once a year” service that most clients of an accounting
practice are use to. Whilst the “once a year” service may suit most clients, it
is our experience from working with many accounting firms that this service would
be suitable for a number of their premier clients and that those clients have been
waiting for such a service.
Tranzact Super works to
ensure that all reporting deadlines and audit requirements are met so as to avoid
the imposition of penalties. The fund records are maintained in an efficient and
auditable manner. Regular contact with the accountant ensures the effectiveness
of the process..
Our web site reports include
a cover page with your firm’s name and logo if you wish. Our reporting modules can
be linked to your site and be badged with your logo and details. Tranzact Super
will then be invisible to your clients.
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 the lodgement of fund returns and activity
statements and continue to be the postal address for all ATO correspondence. As
we will be attending to the day to day data entry, we can provide relevant reports
to assist you with lodgement of such returns and activity statements. Of course
we will require you, from time to time, to provide us relevant ATO reports so we
can perform reconciliations of taxes.
Further, after consideration
of the Auditor Independence and the SMSF Auditor Competency rules, if 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.
Our Web Based 24/7 SMSF
Administration service includes:
-
maintenance and storage of fund records including Trustee’s
Minutes, correspondence and Investment Certificates,
-
annual Member & Trustee Reporting including Member Statements,
Minutes & supporting documentation;
-
daily on forwarding of evidence of portfolio activities
if applicable;
-
maintenance of Member accounts’
changing component position & benefit payment documentation;
-
maintenance of Capital Gains
Tax and Deferred Tax records;
-
preparation of drawdown and
rollover documentation;
-
daily
updates to the World Wide Web of fund details including valuations, transactions
and asset allocations
-
maintenance of established
pensions;
-
annual Fund Financial Statements
preparation;
-
preparation & lodgement of
GST & Tax returns for the fund;
-
facilitation of external
Audit;
-
facilitation of Actuarial
Certificate and Solvency Certificate if required; and
-
production of PAYG Summary
Statements.
Our fees for this service are based on our standard 24/7
web based SMSF Administration and compliance fee schedule. However,
depending on which roles you chose to retain this fee schedule can be negotiated.
To discuss this service further please contact our office:
Tel: Free Call 1800 644 804
Email: contact@tranzacttotalsuper.com.au
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