Remember the COVID pandemic—a two-year hiatus that felt like a never-ending episode of a soap opera we never signed up for (I do, because I live in Melbourne the lock down capital of the world). As we still emerge from the pandemic and all the social and economic hardship it caused, employees from all walks of life are re-evaluating what truly matters. Even the offices of accountancy firms are not immune to this soul-searching frenzy, in fact we are front and centre.

As the accounting industry grapples with the challenges of the COVID-19 pandemic and the Great Resignation, many firms are looking for innovative solutions to manage their workloads and fill talent gaps. One such solution gaining even more traction is SMSF outsourcing and accountancy outsourcing.

Outsourcing is a smart choice for businesses and individuals as it offers complete compliance and administrative services with high accuracy and quality. It allows firms to focus on their core competencies while ensuring that their SMSF and accounting needs are handled by experts. Services range from annual administration and auditing, daily administration, actuarial certificates, to property valuations.

SMSF outsourcing is a straightforward process as the data required is relatively consistent in each case.

Unlike the complexities and vast variations associated with other forms of accounting, SMSF data remains fairly consistent, making it easier to manage and process.

Accountancy outsourcing, on the other hand, enhances flexibility in managing funds without worrying about tax, audits, and so forth. This makes outsourcing a desirable option for accountants, financial planners, stockbroking firms, and others involved in SMSF management.

An Australian owned and operated provider that stands out in this field is Active Outsourcing. With ex-Deloitte professionals at the helm, they offer expert SMSF and accountancy outsourcing services, helping firms navigate their way through the current staffing challenges.

In conclusion, SMSF and accountancy outsourcing present practical solutions to the staffing challenges faced by accountancy firms today. Leveraging these services can help firms efficiently manage their workloads, overcome talent gaps, and emerge successfully in the post-pandemic world.