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Welcome Back!

We hope you had a good break and are back - rejuvenated to start the new year with enthusiasm and regained energy.

We have been working on the background to update our SMSF Trust Deed and super excited about version 17.2 where our solicitors, Batallion Legal have included provisions of Superannuation Bill Treasury Laws Amendment (fair & Sustainable superannuation) Bill of 2016 & Treasury Laws Amendment (2017 Measures No. 2) Bill 2017.

 

New One SMSF Form : Trustee Company & ABN Application

Due to our innovation in technology, you do NOT have to set up the trustee company first and then create the fund, now the trustee company is created on the same one form and there is no need to apply separately for an Australian Business Number and Tax File Number at the Australian tax Office website, we can lodge your ABN / TFN and GST / PAYG Withholding applications (ABN Bundle) with Australian Business Register (ABR) 24/7 for free.

All you need to do is, while filling out our online form for SMSF registration, select ABN bundle option, provide few additional details (which are required by Australian Tax Office - Like Tax File Number of each member of the fund) and your ABN, TFN, GST and/or PAYG withholding applications will get lodged simultaneously with your SMSF set up process.

 

Further Information

Click here to download all the changes made to our SMSF Deed

Click here to learn why you should use our SMSF Trust Deed.

Click here for our discount offered if you have more than 10 deeds to update.

Click here for sample letter which an advisor should write to client to update their SMSF Trust Deed.

Click here to learn how our deed complies with Auditing Guidelne GS 009

 

Watch our Video below on all the changes to our SMSF Deed...

 


 

What is Artifical Intelligence and why I should be interested.

A machine (robot - or whatever else you want to call it) should be able to make most of the judgements or decision making for humans in the near future. Including in SMSF Audit.

Artificial intelligence (AI) is an area of computer science that emphasizes the creation of intelligent machines that work and react like humans. Some of the activities computers with artificial intelligence are designed for include:

  • Speech recognition
  • Learning
  • Planning
  • Problem solving

No one is suggesting that anything like superintelligence exists now. In fact, we still have nothing approaching a general-purpose artificial intelligence or even a clear path to how it could be achieved. Recent advances in AI, from automated assistants such as Apple’s Siri to Google’s driverless cars, also reveal the technology’s severe limitations; both can be thrown off by situations that they haven’t encountered before.

We have been around developing artificially intelligent machines since 2006 - 11 years - developed a lot of good stuff - including robot applying for ABN for you on www.trustdeed.com.au.com.au. We admit that we have barely scratched the surface, but we have ideas. Lot's of them and we are strong & daring and willing to try and implement them.

To Build an SMSF audit software with collaboration from SMSF auditors with over 100 years of experience, intelligent enough to perform a financial audit itself with input of trial balance and general ledger is a big ask. We are the company you should trust, if anyone can teach a computer to audit - we are trying very hard to be the one and one day we promise we will.

Register online and try the software for 5 funds for free. Watch the below video

 


 

ONLINE SMSF AUDIT WORKSHOP

(6 CPD HOURS in SMSF Audit)

 

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

8th Feb 2018, 2017 (Thurday) - 5Seats Left

22nd Feb 2018 (Thursday) - 9 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.

 

 

 

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