Frequently Asked Questions

What are the key benefits of outsourcing SMSF services for our business?

Outsourcing SMSF (Self-Managed Super Fund) services can provide numerous benefits for your business, particularly in terms of efficiency, compliance, and growth potential. Here are the key advantages:

  1. Save Money and Capacity: with Rivkin Outsourcing, not only are you saving money on all of the main costs associated with SMSF Administration, but you’re also freeing up capacity in your team to do more revenue generating tasks.
  2. Acquire More Clients: the increased capacity generated from the deceased workload means the opportunity to acquire more clients.
  3. Fixed Pricing Model with no additional costs: unlike other SMSF Accounting services, our fixed pricing model will not change depending on the makeup of the fund.
  4. Keep Control of Your Clients: Rivkin offers a white-labelling service to keep all your SMSF documents in line with your client’s expectations and remain on-brand. Additionally, we will not contact your clients, and you retain full control as tax agent and all of our communication will go through you and your firm.

Outsourcing SMSF (Self-Managed Super Fund) administration helps reduce costs and improve efficiency in several key ways:

  1. Hiring and training an SMSF specialist: labour is one of the biggest expenses a business can incur and hiring a specialist can be an even bigger expense. Training that specialist costs even more.
  2. Software Costs: SMSF accounting often requires specialist software to track and maintain records.
  3. Hours spent on keeping up with legislation: being compliant in the SMSF industry means constantly keeping you and your start up-to-date with legislative changes.

Yes, Rivkin will not contact any of your clients unless we are instructed to.

Yes we have the ability to white-label all financial statements with your logo.

1. Data Access Control

  • Restrict access to financial information only to authorized personnel.
  • Use role-based access systems to ensure employees only access data relevant to their duties.

 

2. Data Storage Security

  • Encrypt sensitive data at rest.
  • Use secure databases with multi-factor authentication (MFA) for access.
  • Regularly back up data to secure, offsite locations with encrypted storage.

 

3. Training and Awareness

  • Train employees regularly on data privacy laws, such as GDPR, CCPA, or HIPAA (if applicable).
  • Emphasize the importance of confidentiality and teach best practices for handling sensitive information.

 

4. Incident Management

  • Implement a robust data breach response plan to address potential threats promptly.
  • Notify affected clients immediately if a breach occurs, in compliance with legal requirements.

Our service provides the establishment, tax administration and audit (external) for SMSFs.

Click here to see our pricing.

Once you have completed our SMSF Agreement we will provide you with our welcome pack which includes instructions about our shared drive that will be setup for you.

You will be allocated a dedicated accountant that will work with you and your team to ensure the process is streamlined.