Superannuation Services
McHenry Partners specialise in providing a comprehensive cost effective range of Self Managed Superannuation Fund ‘SMSF’ services to other Accounting firms. We support firms by providing SMSF resources and solutions to their practice, which enhances their service delivery and relationship with their clients.
We have a specific SMSF team consisting solely of qualified accountants with broad and extensive SMSF experience. Our specialist knowledge, expertise and skill with superannuation enables us to deliver quality accounting, taxation, compliance and solution based consulting services to the benefit of you and your SMSF clients.
The SMSF division is enhanced by the relationship we have with other specialist SMSF service providers, including
Superannuation Services Australia (SSA) which is a specialist SMSF audit firm.
• Compliance services:
Annual financial statements
Taxation return
Member benefit statements
Detailed investments reports
• Audit services
• Superannuation Fund set up service
• Property investment structuring & strategies
• Pension strategy & transition to retirement services
• Contribution strategy services
• Other Superannuation services include:
Investment strategy adoption
Deed reviews / updating
Documentation services
Pension documents and set up
Actuarial certificates
Winding-up services
Benefits of our relationship
Accounting firms whom outsource their compliance, consulting and or audit services are benefiting from our relationship in the following ways:
• We provide human resources to assist your firm scale up and grow your fees
• Avoid Staff turnover, leave entitlements, having a superannuaton expert, training support and some overhead costs.
• Fill a knowledge or skill gap within your business
• Reduce your superannuation software costs, software training, PI cost and risk exposure
• Increase your range of service offerings to your clients
• Improve the level of service you provide to your clients
• Less stressful process by allowing our firm to attend to the superannuation work
• Aid the expansion of your client base through increased referrals from more satisfied customers.
Our outsourcing fee is generally similar to the effective cost of staff, training, licences, software and general overheads normally incurred to deliver the service internally. Accounting Firms are able to charge their client and preserve good margins, whilst creating staff capacity to service new clients and expand service offering within their business.
McHenry Partners is also able to identify SMSF client consulting opportunities for the Accounting Firm. Again a reasonable margin is made by the Accounting firm for the consulting work that may not otherwise have been identified and delivered.
With imminent introduction of an auditor registration process, outsourcing audit services provides a timely solution to Accounting practices faced with the challenges of independence and the new competency requirements.
Our outsourcing agreement totally protects your firm and clients, as our mission is to support your practice in this specialised and ever changing SMSF arena.
By leveraging on our expertise and volumes, we provide a quality cost effective range of compliance and consulting services that Accounting firms can mark up and provide to their clients.
To download McHenry Partners Self Managed Super Fund Capability Statement, click here.
|
