Who’s running your SMSF?

Key Points Trustees have three basic choices for SMSF administration Online and specialist services most cost effective If you’re still using an accountant and shoebox approach, consider switching            Joseph Schumpeter, in Capitalism, Socialism and Democracy, coined the term ‘creative destruction’ to describe the way in which development arises from the breaking down of a prior economic order. It’s an apt description for the SMSF administration landscape, where a growing number of options have risen to replace the traditional choice: the accountant. SMSF trustees have benefited greatly, as both trustee workload and annual costs have fallen. Trustees now have a...

Joseph Schumpeter, in Capitalism, Socialism and Democracy, coined the term ‘creative destruction’ to describe the way in which development arises from the breaking down of a prior economic order.

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