SMSF Support
Everything you need to know about our SMSF support service
Quick Overview of the service
1. What SMSF tasks can we do
We prepare all annual tax and financials compliance such as member statements, investment reports, tax return. For the administration component, we can also prepare trust deeds, minutes, generate actuarial certificate etc.
2. What software we use
We use Class and BGL for almost all SMSFs.
3. How we complete your work
Allocating jobs to us is easy. Get set up quickly on the Felcorp App and allocate jobs directly to our SMSF team through chat messages or email.
4. How to communicate with the team
You can get set up on the Felcorp App and send our team chat messages and schedule video calls to get the work completed to your exact instructions.
5. What our fees are
Our fees are $440 inc GST for each SMSF on the ad-hoc support service or $4,840 inc GST per month for full time support with one of our dedicated SMSF specialist accountants.
6. How the contract works
For the full time service, our normal monthly contract terms and same working hours apply. For the ad-hoc support service, our agreement operates more like a first in first out approach with no mandated quotas or commitments.
1. What SMSF tasks can we do
| Tax Compliance | Administration | |
|---|---|---|
| ✓ Tax Return | ✓ Trustee minutes | |
| ✓ Financial Position | ✓ Trust deeds | |
| ✓ Profit and Loss | ✓ TBAR | |
| ✓ Member Statements | ✓ Death Benefits | |
| ✓ Investment reports | ✓ SMSF Wind up |
2. What software do we work with
- Class
- BGL
3. How we complete your work
We use your workpapers:
As part of the onboarding process, we request you to send us your preferred SMSF workpapers. We also request you give us a rundown of what your SMSF auditor expects to receive and the level of detail required in our preparation.
Receiving our queries:
We will draft all queries on that workpaper (unless we have other instructions) and make sure to reference and link each item to the corresponding tab for quick resolution by yourself where applicable.
Finalising the job:
Once we have received the queries, we proceed to finalise the job and prepare the financials and tax returns in the way you want them. We will seek guidance from you to prepare the finalised document file in the exact format you require.
4. How to communicate with the team
Using the Felcorp App for daily communication:
For everyday communication, we recommend utilising the Felcorp Support app as our team leaders and senior managers are included in the workflow discussions to ensure timelines and quality controls are adhered to.
Using email as your preferred method:
If you wish to use email to communicate to our team, please do not attach workpapers of confidential client info to the email body. Please upload the documents into the Felcorp Support app or alternatively, invite our team into your file storage system.
5. What our fees are
Ad-hoc
$440/ea
Price includes GST. Fees are in AUD.
Volume discounts available.
Ideal for most practices that have fewer than 150 SMSFs
Full Time SMSF Accountant
$4,840/mo
Price includes GST. Fees are in AUD.
Volume discounts available.
Ideal for SMSF specialist practices or larger practices with 200+ SMSFs to complete each year.
6. How the contract works
Full time SMSF support:
The contract has an initial 3 month set up period then it reverts to a month-to-month agreement. Full time staff work Monday to Friday 9am to 6 pm (India Standard Time) amounting to 40 hours of productive time per week.
Ad-hoc SMSF support:
You allocate the jobs to Felcorp on as-needed basis and pay per completed SMSF. We bill at the end of the month with 30 day payment terms.
How To Guides
Find out how to get set up, allocate first jobs and communicate to the Felcorp team through the Felcorp App
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Felcorp Support is an independent outsourcing staff supplier. All staff are employees of Felcorp Support and are not affiliated or in partnership with any other business outside the Felcorp Group. We do not have any professional services licences or registrations and never purport to have any of these professional registrations.