End of Financial Year ONLINE SMSF AUDIT Sale

Purchase Audit Packs at discounted prices and claim a tax deduction in 2018 financial year

We are experiencing a lot of buying activity by auditors who are using our system - to support them we would like to reward them with a Sale offer.

Offer Ends 5 PM  on 30^th June 2018 (Staff is available on Saturday)

-You can purchase audit packs even if your current pack has not exhausted

-Our Audi Packs never expire - you can use them in future years

With the end of the financial year just three days away, our offer gives you an opportunity to purchase audit packs before 30th June and claim a tax deduction in this financial year.

Should you are interested, please phone our office on 02 96844199 and speak to support representatives or email them.

Rashmi -rashmi@trustdeed.com.au

Randeep- randeep@trustdeed.com.au

1^st July 2018 New enhancements

We are updating our audit checklist to comply with new legislative changes. Changes will be made on 1st July to the below areas of the checklist:

-Transfer Balance Cap

-New Member Balance Calculation Sheet will be introduced

-New Contributions Limits

- New Non- Concessional Contributions Rules

-TRIS no longer in Retirement Phase

-Concessional Contribution Carry forward rules

-Total Superannuation Balance Non Concessional contribution condition

-New Actuarial Certificate requirements – Segregation of Assets

-Downsizer Contributions & First Home Super Saver Scheme

We are also going to Update year-end for ASX listed securities prices and add Dividends for 2017-18.

Audit Report for 30th June 2018 Audit

We have checked for changes to the audit report on ATO’s website and it seems that there will be no change for the financial year ended 30^th June 2018. This means we will not be updating our

-Audit Report

-Engagement Letter

-Trustee Representation letter

985 ASIC SMSF Approved Auditors are currently using the system and 75,903 funds have been audited on the system at the time of writing this newsletter and we are hoping that next year we will be in 6 figures with your continued support.

Manoj Abichandani

                    ADVERTISEMENT

Do you want to try Australia's leading SMSF Auditing Tool? - Audit 5 Funds for FREE

Online SMSF Audit offers you a risk-free chance to try the software without purchasing. No credit card required to register. Your account will use the full version of the software and will be credited to audit five funds for free.

There are no feature limitations to the trial version! To continue using the software after trial 5 funds, purchase a single license to audit your 6th fund or purchase a discounted bundle pack. Simply follow the easy steps below to utilize the trial.

You are just seconds away from discovering why Online SMSF Audit is the leading audit solution for large and small SMSF auditors. Over 74,000 funds audited on the online SMSF Audit software.

CPD Requirement for SMSF Auditors

SMSF Auditors: SIS Regulations 9A.04

(1)  For paragraph 128F(a) of the Act, the requirements in this regulation form the continuing professional development requirement.

             (2)  The approved SMSF auditor must undertake at least 120 hours of continuing professional development every 3 years.

             (3)  The development must:

                     (a)  include 30 hours of development about superannuation at least 8 hours of which is development about auditing of self-managed superannuation funds; and

                     (b) : be a development that could reasonably be expected to enhance an approved SMSF auditor's technical skills or professional service delivery.

Click here for 6 CPD hours for $165 for SMSF Auditors

This is what one of the attendees had to say about e presentation: 

Thank you for inviting me to your seminar. I really learned a lot of practical SMSF audit issues from you which I did not know before. I really liked your presentation style and the way that you conducted the technical seminar explaining things on the whiteboard. I have been to many seminars including NTAA SMSF School and SMSF workshops but your presentation was quite unique and much better as it was targeted at my level and I could understand complexities of the new SMSF law.

Thank you again for explaining a lot of difficult topics such as CGT relief, death benefits, ECPI etc in such an easy manner. You’re one of the best!

Ash Alam CPA, Registered Tax Agent 

Justice of the Peace & SMSF Auditor

Learn how to Audit in less than half time 

CPD Hours : 6 Hrs in SMSF & Audit - 2 Hrs in Superannuation & 4 Hours in Auditing SMSF's

Topics

Let us show you...

How to reduce SMSF Audit time in half!

Do more with less ...

Australia’s first online SMSF Audit Software – Fully Automated Online SMSF Auditing Software

OVER 74,000 funds audited using the system.

Green Chit given by Professional body reviewers - Meet and Exceed your Professional requirements.

Proposed Agenda

09.00 AM  Registration - Arrival Tea and Coffee

09.30 AM  Introduction to Audit Online on SMSF Audit Software and Website integration

11.00 AM  Tea/Coffee Break

11:30 AM Audit of SMSF under the new regime of Transfer Balance Cap | Contributions & Total Superannuation Balance | CGT Relief 

01:00 PM Lunch and Group Discussion on Audit of funds with LRBA - Loan from related party - how repayment of Loan will be considered  

02.00 PM  How to complete an audit in half the time

4.30 PM  Workshop Closed

Introduction/Overview

SMSF Auditors spend too much time in financial audit and completing manual audit working papers, our online software does most of this work automatically & saves half your time as compared to traditional auditing methods.

It checks closing share prices, dividends received from ASX and all mundane tasks of signing, scanning & mailing of the audit report, Mgt. letter, engagement letter, Invoice & contravention reports etc. are automated with one click of a mouse. Embrace an efficient framework for high-quality audits and conduct audits on a flawless workflow Management system.

Achieve peace of mind & confidence of knowing that you are using a completely up-to-date online checklist and cloud process to deliver a robust, hassle-free top quality SMSF audit. Improve communication with accountants & trustees. Manage 20 or 2000 audits by streamlining workflow from our smart Audit Manager & establish seamless communication between all parties. Our online SMSF audit system is the only tool which can deliver reliability, speed, and volume and ultimately profits for your business at a fraction of the cost.

Benefits/learning outcomes

Audit from anywhere, anytime from any device on your own website or by integrating with ours. Increase audit effectiveness, add value, reduce audit risk, drive SMSF compliance, revolutionize your business.

Included in the fee is an account to audit 10 SMSF on the online platform worth $187 and Lunch. Those auditors who are already using the online software will benefit by learning new shortcuts and other advanced features of the online software. 

Recommended For

All SMSF ASIC approved auditors.

Session Notes

CPD Hours

2 Hours CPD in Superannuation and 4 Hours CPD on auditing SMSF's Total 6 CPD hours under self-assessment method under RG 243.88 - 90 and SISA 128Q and SISR 9.04

RG 243.89 You will need to complete 120 hours of CPD over each three-year period, which must include 30 hours of development on superannuation and at least 8 hours of development on auditing SMSFs.

SISR 9A.04 (3) (b)  be a development that could reasonably be expected to enhance an approved SMSF auditor's technical skills or professional service delivery.

Attendee Requirements

Attendees may bring their own Laptops / Ipads for a better understanding - although some attendees may get more from the workshop by looking at the facilitator's screen 

Speaker

Manoj Abichandani 

Manoj has worked in SMSF since 1988 and is SMSF Specialist (UNSW). He was providing high level advisory services to over 600 funds in his own 3 partner CPA tax practice for 19 years and has written this online software. He currently works as SMSF Technical Support Team Leader at www.trustdeed.com.au

He has hands-on knowledge on what happens in a tax practice on a high level of SMSF practical issues.