Why to consider outsourcing?

One should outsource his business or not, is a question among many businessmen.

All businesses have criteria and strategies unique to their business. This may or may not suit other people. There are certain evidences suggesting that outsourcing proves fruitful to majority by allowing you provide best services to your clients. One can expand his specialist services. The main reason is having a pool of quality chartered accountants working under you. Outsourcing reduces the handling cost of projects, tension and burden of completing projects within deadline. The CA's, who outsource their businesses generally grow rapidly than those who don't.

The key point to consider is specialization. The SMSF part of business is completely different from any other area of accounting and thus requires a strong knowledge of tax strategies. Many accountants are struggling to keep themselves updated with their SMSF business. SMSF is miles away from balance sheets, profit or loss problems. It all concentrates among compliance, future planning, superannuation components and dates.

The only reason that a client's situation becomes complex is lack of forward planning and recognizing issues, when it's too late.

By utilizing the services of SMSF outsourcing of an SMSF specialist, these issues can be avoided.

Other key points are:

• Reduced risk of audit – SMSF key requirements are changing each day, so service provider needs to be updated and focused in superannuation only.

• Exposure to highly trained experienced SMSF Specialists – As SMSF legislation is constantly changing, service provider must have up to date knowledge and satisfy ATO measurements.

• Reduce compliance costs – With SMSF Outsourcing services, you will be able to redirect your staff to work on other growth purposes and reduce their software updating and training issues.

Getting your business outsourced by a specialist firm, offers a complete range of satisfactory services to your clients, and meanwhile allow you to focus on your growth, keeping a check on your competitors.

SMSF Audits

All self managed super fund are required to be audited annually by an approved auditor. A SMSF audit involves conducting a financial and compliance audit of your super fund. The auditor has to be familiar with the Australian taxation guidelines.

Connect Accounting Outsourcing provide you with an independent SMSF audit solution which you can trust for both quality and efficiency. We provide cost effective and secure General compliance and Super Fund accounting services to Australian accounting, bookkeeping, financial services and tax practices. Our Process is simple and easy to follow.

Benefits of SMSF Audits conducted by Connect Accounting Outsourcing,

• Fast turnaround services. We aim at maintaining turnaround of less than one week for most of our funds.
• Electronic processes. Several processes are electronic and therefore reduces client’s paperwork and time consumption in handling audit documentation.
• Qualified SMSF Auditors. Clients have a peace of mind that their SMSF audits are being handled by a qualified and experienced SMSF Auditor.
• Advanced technologies. We are always looking forward for new and advanced ways to achieve efficiency in our audits.
• Reliable and efficient services. We work with our clients to achieve a service that is reliable, timely and efficient.
• Australian Auditing Standards. We understands the nuances of finance terms and tax laws operating in Australia and perform the audit in accordance with the Australian Auditing Standards.
• Proper compliance standards are maintained under the ATO guidelines
• Reduced risk of ATO Audit

Services offered by Connect Accounting Outsourcing

For every business, new or old, capital is an essential asset, so is the finance and accounting. Finance and accounting involves managing accounts, preparation of financial statements, assessing growth and performance and most importantly, planning for the future. But handling finances is not everyones cup of tea. Its hard to find great accountants, and even harder to hire them full time.Connect Accounting provides services to enable you gain complete power over your business and money. We provide services ranging from Bookkeeping, Financial Statements, to SMSF Outsourcing and Auditing. Moreover, instead of hiring a professional full time, you can have the benefits of our services which are both regular and as-needed. We follow highly accomplished tools and practices to deliver you well crafted solutions.