Why Australian-Based SMSF Accounting Matters: The Risks of Offshore Outsourcing
Many SMSF trustees don’t start offshore outsourcing with the idea of cutting corners. They start with a simple thought, “This should be straightforward.” And on paper, offshore accounting looks like a neat solution. Lower fees. Quick turnaround. Clean reports. So the decision feels sensible, not risky. That’s usually how it begins. Why many SMSF trustees look for offshore SMSF accounting Running an SMSF already comes with pressure. Rules keep changing. Compliance feels heavier each year. Trustees want certainty, but they also want to keep costs under control. Offshore providers step in with attractive pricing and confident promises. Most trustees assume SMSF accounting is largely about processing data and preparing reports. If the numbers are right, everything should be fine. That assumption drives many trustees away from Australian SMSF accountants without much hesitation. The first year usually feels smooth. In the first year, not...