Business News

New eBook addresses SMSF admin challenges

A new eBook launched by Class has been designed to assist SMSF accountants, administrators and planners, providing insights and guidance to help maximise SMSF administration efficiency, profitability and client satisfaction.

The eBook features five chapters covering topics including the existential challenge between accountants and administrators, the key to modern administration and avoiding pitfalls with technology traps and dead ends.

The publication also provides a look into the future of digital SMSF administration, along with case studies of digital SMSF administrators.

According to the first chapter, the increased compliance workload and shift to real-time event-based reporting combined is a huge, disruptive change from annual reporting that will challenge even the most sophisticated accounting practice.

At the same time, as accountants’ traditional revenue sources decline, the pressure on accountants to replace that money from other sources, such as SMSF administration, increases where they have not typically charged full value for their services, the eBook said.

The eBook can be downloaded here.

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