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OnlineSMSFaudit .com.au  e-newsletter

Are you an advisor or a trustee with an SMSF paying a pension after 1st July 2017.

If Yes, then we welcome you to attend our free webinar on "Running a pension in an SMSF post 1st July 2017"

When: 9th November - Thursday

Time: 3.00 PM to 4.00 PM

How to Book: https://www.trustdeed.com.au/bookwebinar.asp

Topics:

It is over 4 months since Treasury Laws Amendment Bill (fair and sustainable Super) become law but still remains one of the biggest areas of confusion, with many practitioners still unsure how to run pensions within a fund. What law you have to remember and what law you have to forget in the post 2017 era is causing most of the confusion.

One of the areas of confusion is segregation of assets from 1st July 2017 and where separate asset allocation for pension members can be used and how Exempt Current Pension Income deduction can be maximised when one of the fund pension member balance is over $1.6M or there are members in the fund who are still accumulating.

Super reforms made it clear that where a pension member has more than $1.6 million (or is on a transition to retirement pension), the SMSF cannot exempt all income over this balance transfer cap amount.

Advisors therefore need to be very careful about how they advice their clients with or without a financial services limited licence as one of the choices can be to withdraw and invest outside super.

Another confusing aspect of running pensions in an SMSF after 1st July 2017 are the use of good old strategies of re-contribution and paying part commutations lump sums and get them included as minimum pensions payments - are these strategies still alive and legal.

In midst of all this ATO has come up with their own interpretation of how ECPI should be calculated by funds who have an accumulation accounts for part of the year.

Lastly, time is running out for funds that are eligible and should consider claiming CGT re-set cost base relief versus funds which should not make a choice as this decision has to be made by the lodgement date of the fund.

Is running two SMSF the solution to all problems? or it can be more complicated in a scenarios where you cannot separate current SMSF assets as rollover of assets to another fund is not permissible unless in a marriage breakdown situation.

 


             

ONLINE SMSF AUDIT WORKSHOP (6 CPD HOURS)

 

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

 

Workshop : 6 hours from 9.30 am to 3.30 PM

When

14th November, 2017 (Tuesday) - Sold out

7th December, 2017 (Thursday) - 5 seats left

Where: Suite 3.04, Level 3, 29-31 Solent Circuit Baulkham Hills, NSW 2153

Cost: $165 incl. GST 

(Includes working Lunch / Coffee + 10 online audits worth $187 + 6 CPD Hours From FPA)

How to Register: Visit  https://www.onlinesmsfaudit.com.au/SeminarBooking.aspx

 

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  How can the accountant and trustee inetract with the software

01:00 PM  Lunch 

02.00 PM  How to complete an audit in half the time

03.30 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 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, revolutionise your business.

Included in the fee is an account to audit 10 SMSF on the online platform worth $187 and Lunch & Coffee.

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.

CPD Hours

6 CPD hours under self assessment method under RG 243.88 - 90 for Audit of SMSF.

This activity has been accredited for continuing professional development by the Financial Planning Association of Australia but does not constitute FPA’s endorsement of the activity.

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 facilitators screen. 

Speaker

Mr Manoj Abichandani

ASIC approved SMSF Auditor, B.Bus(UTS), SMSF Specialist (UNSW) CTA FIPA LREA

Manoj has worked in SMSF space for over 25 years, first as an SMSF specialist advising over 600 funds with a CPA firm and later as an SMSF auditor. He develops and lectures on strategies which are practical and enhances retirement benefits of trustees. He has been working for the last 6 years in writing and developing online SMSF audit software- Australia's first SMSF auditing tool.

 

 

      

                             

Price List

 

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