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5 SMSF Outsourcing myths. Before you outsource your SMSF, it makes sense to do some due diligence on the business you are going to partner with.

5 SMSF Outsourcing myths

After all, your clients need to be taken care of at the same level of service and quality you would offer in your own office. Picking the right partner to outsource with is critical. Perhaps you have considered SMSF outsourcing for your practice, but are concerned about the risks involved. To help you feel confident about trialling our services, here we address the top five most common concerns about outsourcing. Your data won’t be secure Connect’s stringent security protocols offer you peace of mind that your client’s information is secure. Our staff can’t access any client or practice information outside of the office and we keep no records of any transactions.

The files will be sent offshore We know it is standard protocol for many practices to not allow any client files to go offshore. The outsourced team will lack technical expertise. Why an independent auditor is best for SMSF. Looking to outsource your SMSF auditing?

Why an independent auditor is best for SMSF

Read this first! As tempting as it may be, a cheap audit is no longer a viable option. Strict government regulations mean that an SMSF auditor’s role is now scrutinised more closely than ever. As an auditor financial advisor, it is critical that you are independent and free from conflict of interest. Outsourced SMSF Services: Why Quality Matters. Blog. Process. Process As Australia’s most experienced outsourced accounting provider, we have developed a workflow process that’s easy and effective.

Process

On a daily basis our accountants deal with Australia tax law and reporting requirements, as well as the subtleties of Australia business operations. We pride ourselves on making outsourcing straightforward and painless for all our clients. Getting set up with outsourcing takes less time than you might think. The Connect offshore team has extensive experience in Australia taxation and accounting systems, so there’s really no training required. SMSF. Super Fund Accounting & Taxation made easy We offer white-label self-managed super fund (SMSF) administration and audits for financial advisers and accountants.

SMSF

If you’re a busy accounting practice or a financial adviser offering SMSF administration, it makes sense to focus your effort on what is important to your clients – giving guidance on super changes and optimising the performance of their fund – rather than the actual compliance and administration tasks. Your clients are looking for expert advisors, not just number crunchers. In the competitive world of self-managed super, you need something that will give you an edge in the market and allow you to provide your clients with first-rate service.

We take the effort out of managing SMSF and help your firm retain your profit margins with our outsourced SMSF processing services. Xero & Book keeping Service. We’re with you every step of the way Helping businesses transition to the outsourcing model is an essential part of our service, and we offer full implementation support.

Xero & Book keeping Service

We understand that the shift comes with certain challenges, and are here to address your concerns. Each accounting firm varies slightly in its protocols, and we know that any worker coming from outside will need to become familiar with your specific processes. Connect already works with over 100 firms in Australia and New Zealand, so we’re experienced in adapting to different cultures. Faq. FAQs We understand that Outsourcing your compliance tasks is a big change for any accounting firm and not to be undertaken lightly.

Faq

We are here to answer all your questions and provide you with the information you need to make the decision that’s right for your business. Will sharing of client information be secure? Why choose us? Best Outsourcing company New Zealand. About Us We’re passionate about helping Kiwi accounting firms to thrive through the changes and challenges facing the industry.

Best Outsourcing company New Zealand

That’s why we’re on a mission to become New Zealand’s pre-eminent trusted provider of top-quality, reliable outsourced accounting services. We take care of the bread and butter work to help you get back to what’s important: growing both your clients’ business and your own. Our Kiwi Office Our New Zealand team, based in Auckland, is in daily contact with our Mohali offices and senior accountants regularly travel to India to conduct training. Our Mohali office Our team in India is based in Mohali Northern India, and is managed by our senior accountant and customer solutions manager Shiv Kumar. We have a dedicated resource of qualified accountants at our offices.

Blog. Process. Process As New Zealand’s most experienced outsourced accounting provider, we have developed a workflow process that’s easy and effective.

Process

On a daily basis our accountants deal with New Zealand tax law and reporting requirements, as well as the subtleties of New Zealand business operations. Bookkeeping & Xero Service. We’re with you every step of the way Helping businesses transition to the outsourcing model is an essential part of our service, and we offer full implementation support.

Bookkeeping & Xero Service

We understand that the shift comes with certain challenges, and are here to address your concerns. Outsourcing Accounting Work. Connect Outsourcing. Connect Outsourcing. Connect Outsourcing. Connect Outsourcing. The Top 5 Outsourcing Accounting Myths. Before you outsource your accounting and taxation compliance work, it makes sense to do some due diligence on the outsource business you are going to partner with.

The Top 5 Outsourcing Accounting Myths

After all, your clients need to be taken care of at the same level of service and quality you would offer in your own office. Picking the right partner to outsource with is critical. Is it Time For a New Business Model? “We now have a completely new business structure based on the value we can bring to a business” Green Lion is a modern accounting firm that is thriving with the help of Connect Outsourcing’s accounting services.

Last year Green Lion took over a more traditional firm that wanted to transition to a modernised practice but didn’t know how. We talked with Felicity Hill about getting the merged firm on board with outsourcing and the benefits it offers. What is the difference between a traditional accounting firm and a modern firm? In a modern practice the accounting role can be hugely varied. Connect Outsourcing. Connect Outsourcing. Connect Outsourcing. Connect Outsourcing. Connect Outsourcing. Switching to outsourcing. The Challenge: An Auckland-based accounting firm focused on property and commercial structuring had a large BAS compliance base servicing 6000+ tax entities per annum.

They battled with the training and HR involved with the middle-to-low side of their practice, experiencing high turnover of graduates, quality control issues and constant deadline pressure. The firm wanted to move to a more efficient business model, with a leaner team of only senior qualified staff. The Solution: By outsourcing the beginning and middle of the compilation process to Connect Outsourcing, the firm has shed more than 20 junior to intermediate accountants. Since the switch to compliance partnering, they have found more time to concentrate on clients’ needs and adding value.

Find out how easy it is to get started with outsourcing. Read how Rotorua accounting firm Absolute Accounting got started with Connect Outsourcing in under 24 hours! Maria’s story: “I had been looking at outsourcing for a while but I was a little apprehensive about the quality of work that would be delivered. When my key staff member took annual leave at the beginning of July all of a sudden 38 jobs came in. I realised that the workload couldn’t have been completed without her help, so that prompted me to give Connect Outsourcing a call. How Two Accountants Found Their Happy Place.

We all have ”woo hoo!” Moments in our professional lives. Winning a new chunk of business. Avoiding a major expense. Earning praise from a customer. Embrace the Fear and Begin the Journey. Outsourcing can’t be ignored. Let’s face it New Zealand have been outsourcing for years with non-core tasks like printing, design work, human resources to name a few. Technology, the internet and communication systems like Skype has changed the scape of doing businesses, outsourcing is no longer just accessible local, it’s global. The skill set and pricing availability because of the global accessibility is impacting on all businesses and industry types worldwide.

You can’t pretend it’s not there, you can’t put off exploring it till tomorrow or until your competitor has been doing it for a year. Outsourcing : Dispelling a myth. At a recent industry gathering while vibrantly highlighting our stand on Outsourcing and conversing with conference goers, it struck me that there continues to be consistent myths around outsourcing that need to be dispelled, so here I shall focus on one.

The big one! How to Attract Great Accounting Staff… The accounting industry has been dealing with a talent shortage over the last five years, mainly driven by technological changes. Accounting roles are changing from hard technical skills into advisory roles that require soft skills many graduates and accountants haven’t acquired. Top candidates are competing for the best roles and can demand more in terms of salary and benefits. New revenue ideas for accounting firms in 2019. Rising business costs, AI, complex data systems and other firms offering competitive pricing… How are you going to protect, even better, increase your accounting firm’s revenue in 2019?

What is the True Cost of Outsourcing? Taking your staff on the journey. When an accounting practice takes the plunge into outsourcing compliance tasks, it can cause fear among existing staff who question the future (and safety) of their roles. 5 SMSF Outsourcing myths. Why an independent auditor is best for SMSF. The accounting industry stands on the edge of a precipice.

“The magic of getting software and accounting working together is super important,” Xero CEO Rod Drury explains on the company blog. “A big part of why I love doing Xero is solving some of these accounting problems. We are moving the arc of accounting.” This year, Xero hit the 1-million customer mark, solidifying the New Zealand success story as one of the most powerful small business disruptors in the world. When asked what’s next for the tech disruptor, Drury pointed to the potential of AI and machine learning to help small business owners get what they want out of their data while taking away all the technical aspects that slow them down. Find out how easy it is to get started with outsourcing. Switching to outsourcing. Connect Outsourcing. Connect Outsourcing. Connect Outsourcing. Connect Outsourcing. Xero & Book keeping Service. The accounting industry stands on the edge of a precipice. “The magic of getting software and accounting working together is super important,” Xero CEO Rod Drury explains on the company blog.

“A big part of why I love doing Xero is solving some of these accounting problems. We are moving the arc of accounting.” This year, Xero hit the 1-million customer mark, solidifying the New Zealand success story as one of the most powerful small business disruptors in the world. When asked what’s next for the tech disruptor, Drury pointed to the potential of AI and machine learning to help small business owners get what they want out of their data while taking away all the technical aspects that slow them down. Competitor Intuit has already entered this space with its Quickbooks Assistant, an AI bot that can currently answer around 50 questions for self-employed individuals and small businesses, including: “how much money have I made?”

For accountants, products like Xero and Quickbooks are a mixed blessing. How to grow accounting practice? How to Grow your Accounting Practice? Are you working around the clock and wondering how to get your life back? Every accounting practice is looking for that “quick fix” solution to being overworked. Connect Outsourcing. Success stories. The Top 10 Apps To Market Your Accounting Practice. How to grow your business capacity with Connect Outsourcing. Since working with Connect, my capacity to grow and do business is unlimited… We asked 20 accounting firms what stopped them from outsourcing… 10 Productivity Apps to help your clients... It's time for a new business model for accountants… How to get the best from your remote team. Connect Outsourcing. The Secret Sauce To Retaining Your Clients… How to Attract Great Accounting Staff… New revenue ideas for accounting firms in 2019. What is the True Cost of Outsourcing? Taking your staff on the journey. 5 SMSF Outsourcing myths.

Why an independent auditor is best for SMSF. How to get the best from your remote team. Connect Outsourcing. The Secret Sauce To Retaining Your Clients… How to Attract Great Accounting Staff… New revenue ideas for accounting firms in 2019. The Top 5 Outsourcing Accounting Myths. Time for a better work life balance? How Connect Make Xero Conversion Easy. Is it Time For a New Business Model? The Top 5 Outsourcing Accounting Myths. Time for a better work life balance? How Connect Make Xero Conversion Easy. Why I chose Connect after outsourcing in the Philippines. Connect Outsourcing. Best Outsourcing company Australia. Connect Outsourcing. Connect Outsourcing. Xero & Book keeping Service. Connect Outsourcing. Connect Outsourcing. Connect Outsourcing. Connect Outsourcing. Best Outsourcing company Australia. Time for a better work life balance? Time for a better work life balance? The Top 5 Outsourcing Accounting Myths. How Connect Make Xero Conversion Easy. How Connect Make Xero Conversion Easy.

Best Outsourcing company New Zealand. Connect Outsourcing. Connect Outsourcing. Bookkeeping & Xero Service. Connect Outsourcing. Connect Outsourcing. Best Outsourcing company New Zealand. Connect Outsourcing. Connect Outsourcing. Connect Outsourcing.