Lime Actuarial has identified ways to simplify the process of obtaining actuarial certificates, enabling SMSF administrators and accountants to attain them within seconds of submitting their request.
The SMSF actuarial certificates are now available through the company’s website without using any complex spreadsheets, and data for each SMSF is stored from one year to the next to avoid accountants re-entering the same information each time.
“Accountants find it frustrating that they have to put the completion of their SMSF annual return and financial statements on hold,” Lime Actuarial founder Greg Einfeld said.
“There is no more waiting around wondering how long the actuary will take to produce a certificate.
“We recognise how valuable accountants’ time is. We have made every attempt to simplify and speed up the process for them.”
Einfeld said the faster process was particularly important in the weeks leading up to lodgement deadlines.
“The last thing you want in April and May is to have your annual return lodgements delayed by an actuarial certificate,” he said.
“At this time of the year, you want everything to move as smoothly as possible.”
Lime Actuarial had significantly reduced the cost of its certificates, with most actuaries charging nearly $200 or more for each certificate they provided, he said.
Accountants who pay by credit card will be able to obtain certificates for only $110 plus GST.
