OneVue rolls out SMSF services.

OneVue has extended its suite of self managed superannuation fund (SMSF) services following feedback from advisers and accountants who cater to the sector.

OneVue chief executive of partner solutions Brett Marsh said for advisers who administer a client’s SMSF via OneVue’s online investment platform, there are a number of ways they can now support their client’s accountant.

“Comprehensive reporting is provided both daily and as part of the end of year tax report, which includes substantiation documents that have been received throughout the year and that are required to complete the SMSF audit,” he said.

“An accountant login can now be established so that the accountant, like the adviser, can get secure online access to these reports as well as additional online reporting such as portfolio valuations and BGL Simple Fund download files.

“While this service is not exclusive to SMSF clients, our separate and newly-created ‘Accountant Ready’ solution, which includes data loading into BGL Simple Fund software and electronic workpaper preparation, is.

“The ‘Accountant Ready’ solution allows the accountant who the adviser is working with to view the client’s investment portfolio and more efficiently complete the accounting, compliance, audit and lodgement as required.”

Marsh said, these solutions coupled with OneVue’s mail house services and rigorous review of tax implications across all assets increases efficiencies for the growing number of advisers working with accountants.

“We have also made improvements to our existing ‘End-to-End’ solution for advisers who do not have an accounting partner and want a comprehensive service from a single provider,” Marsh said.

“Our ‘End-to-End’ solution comprises daily member interest reporting, ongoing administration of the SMSF, including minutes, preparation of ATO formatted reports, compliance, audit and tax lodgement.

“We have extended our SMSF establishment services as well, which are not limited to those who use our platform to administer their clients’ SMSFs.

“Our establishment services encompass the online creation of trust deeds, bank and investment account integration, corporate trustee registration as well as fund establishment with the ATO.”

Marsh said OneVue also gives clients the option to have their SMSF materials delivered electronically or printed and bound.

“We are very pleased to extend the range of SMSF services we have available and will continue to look at ways we can further enhance solutions for the growing number of advisers and accountants we work with,” he said.

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The courses will be held in Sydney on 11 and 12 September, and be presented by Shirley Schaefer, a Director of BDO, the independently owned accounting practice with offices in every capital city as well as Cairns. 

SPAA CEO Andrea Slattery says: “The tutorial aims to give greater confidence to anyone wanting to know what areas the exam will cover, to revise their understanding of the rules for SMSFs, and brush up on their exam techniques. 

“As we enter the FOFA era, the role of the SMSF auditor has never been more important, making this two-course imperative for any SPAA member who wants to be an SMSF Specialist Auditor and, as such, has to comply with the SPAA Code of Professional Conduct. 

“The SSAud designation, unique to SPAA, is the only specialist SMSF audit qualification listed on Schedule 1AAA in the SIS Act.”   

Day 1 will look at the approval/registration requirements of the SPAA Code of Professional Conduct, as well as the audit of an SMSF’s financial statements. It will include practical examples. Day 2 will examine the SIS compliance audit of an SMSF, and again include practical examples and case studies. 

Ms Schaefer, an auditor by training and an SMSF expert by choice, established BDO’s separate superannuation unit in 1996 in recognition of the need to give SMSF trustees quality advice.

1 August 2012

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