Until recently, outsourced trust administration has not been available to Australian accountants. But that’s all changing as Supernova launches Supernova Trust – the newest tool in our suite of solutions for accounting firms.
For years, Supernova has been helping accountants better manage SMSFs. As we listened to our clients share the pain points in their businesses, we identified a clear need to develop a comprehensive, administration solution for investment trusts as well.
The already substantial trust market looks set to grow even further as trusts are recognised as an alternative, or co-investment, strategy for SMSFs. But, for many firms, trusts can be an administrative pain point thanks to clunky processes, manual input and a lack of consistency.
Our goal is for Supernova Trust to deliver significant efficiency gains and increased profit margins by simplifying and standardising the fragmented approach accountants currently follow. Up to date data is core to the offer, not only reducing the risk of errors associated with manually preparing financial statements and tax returns but also capturing complete information on income and corporate actions.
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