May 2015

SMSF processing to become timelier

By: Odyssey Odyssey in the Press
Tags: Automated data, Outsourcing revolution

Krystine Lumanta interviewed David Carter, CEO of Odyssey Resources, for SelfManagedSuper Magazine.

“The time it takes to complete administrative processes and reporting for SMSFs will be cut once pricing comes down and data feeds from the real estate industry become available”

“As the price of software goes down, we see that there will be more daily, weekly or monthly processing of SMSFs,” Odyssey Resources chief executive David Carter told selfmanagedsuper.

David Carter explained that for this to happen we still need automatic data fees in key areas, including real estate data.

About the outsourcing evolution in the SMSF space, David Carter said that the outsourcing area is moving towards becoming a one-stop shop.

“An accounting firm will send over a tax return to be done and we will complete the tax return, with an actuarial certificate if they want one, and ask if they also want an SMSF audit and arrange that back to an Australian auditor”, he said.

To read the article in its entirety, please click here: SMSMagazine – SMSF processing to become timelier