This workshop has been designed to save you time.
Instead of working with your team job to job to build their experience, we take them through the issues, processes and procedures to get it right the first time. We help them identify the ‘red flags’ even if they are not the ones solving the problem.
SMSF Basics is a practical induction into the tax and accounting fundamentals essential to accurately manage the specific needs of SMSF clients. At the workshop, our experienced presenter will not only show you and your team how to do the tax and accounting work for an SMSF accurately but see beyond the compliance basics to truly understand what needs to be done and how to deliver the best results.
And, we’ll show them how to interact with their software in an efficient way. Software is only as good as the person using it - we’ll show them what to look out for and how to be sure they are not just relying on what the software tells them.
Best for graduates, intermediates, those new to SMSFs, and those needing a practical refresher of the current law.
Sydney Friday 8 November | Melbourne Wednesday 13 November | Brisbane Friday 22 November
8 PD Hours, 6.5 active PD hours (for ASIC purposes)
SMSF Association accreditation points pending
2 - 2.5 /5 difficulty
Reference book included
Bring a calculator and jacket
Get the tax treatment of income and deductions right the first time. If your team get these two fundamental financial statement components wrong, they may need to redo the accounts or potentially have the auditor request an adjustment. Superannuation software only does what it is told.
Once you understand how to correctly code income and deductions, the next step is to offset any revenue losses against net income. Sounds easy right? Unfortunately, there are areas that still catch practitioners out and clients end up paying the wrong amount of tax.
We walk through the process to get the right outcome. Using specific examples, we demonstrate how to best deal with brought forward capital and revenue losses, applying losses against current year income, and managing carry forward losses. These examples cover both accumulation and pension phase.
Once all the elements are in place, we show you how to combine everything in the right way for the pièce de résistance, the financial statements. Understanding what the financial statements are telling you, and how this affects the tax return:
Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for cancellations received 14 days or less of the event date under any circumstances. No credits are available less than 4 days prior to the event under any circumstances.
Friday 22 November 2019
Sofitel Brisbane (map)
249 Turbot Street, Brisbane
All workshop sessions
8.30am - 9.00am Registration
9.00am - 5.00pm Workshop