It's secure and encrypted – which means they can’t be intercepted, meddled with, lost or diverted. Daily data feeds are an essential part of delivering our SMSF administration service and mean we can help you meet the reporting requirements for SMSF. Quite simply, they’re the lifeblood of efficient SMSF processing.
What are the benefits of a data feed for SMSF Administration (processing)
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Faster accounts and returns:
Your annual financial accounts will be prepared and your annual return (including the tax return) will be lodged much faster because we won’t have to do a lot of manual data entry. -
Up‑to‑date records and better monitoring:
We can keep your super fund records up to date month by month, so you can track things like the contributions made to your fund. You can make sure you don’t breach the limits and become liable for excess contributions tax. It also means you can monitor your pension drawings and make sure you draw enough so your fund doesn’t lose its tax breaks. -
Time savings for you:
Once your SMSF has been on our system for a year or so, and all data feeds are active, the amount of documentation we need to do your administration is significantly reduced – saving you time chasing statements for us. -
More focus on strategy and advice:
You, your adviser and Heffron have more time available to focus on helping you get the most from your SMSF. -
Improved accuracy:
We’re often surprised at the simple errors we find when we take over a fund from another accountant – particularly when it comes to shares, as dividend reinvestments, rights issues and corporate actions are often missed. These are easy to miss when all the data is manually entered rather than automated via a data feed. -
Keeps your fees under control:
Heffron has lower costs for funds invested in products that have automated data feeds.
