SMSF Tax & Accounting Workshop 2020

How to get the tax & accounting work right when preparing the 2019 financials




How to deal with the transfer balance cap and event based reporting
Complete the 2019 SMSF tax return & financials accurately
Practical examples that can be used in the real world

Tax and accounting for SMSFs has become increasingly difficult. Accountants now need to consider the transfer balance cap, total super balance and event-based reporting requirements, on top of changes to determining the ECPI and managing contribution caps.

Preparing the 2019 financials has become a minefield of new interpretations that changes the way things have always been done.  This special workshop takes a practical approach, guiding you through the processes and procedures required to accurately manage client needs for the 2019 financial year onwards.

The updated interpretations for 2019 are complex and there are holes and traps that practitioners can fall into. Help your team get it right the first time.

Who should attend?

This workshop is for accountants moving into SMSF work and those already working with SMSFs and want to familiarise themselves with the 2019 returns.

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Dates & Details

Sydney 4 March 2020 | Melbourne 6 March 2020 | Brisbane 10 March 2020

8 PD Hours, 6.5 active PD hours (for ASIC purposes)
Accreditation pending
Reference book included
Bring a calculator and jacket

What we cover

Software only does what you tell it to do - it can’t see the bigger picture. This workshop delivers the processes and procedures to ensure that your team correctly allocate transactions and achieve the right outcome for your clients.

Financial statement & tax return

  • Actuarial certificates - when you need them
  • Ex-dividend vs cum-dividend - which one
    is correct?
  • Accurately recording assets at market value
    including property, collectibles, unlisted
    investments and unit trusts
  • What to do with Bitcoin and other
    crypto currencies
  • Cash vs accruals?
  • Allocating earnings to members
  • Non-bank LRBAs and the safe harbour
  • provisions
  • Identifying and tracking in-house assets
  • Getting the labels right on the tax return
  • Tax return problem areas
  • Calculating member tax preservation
  • components
  • Completing the SMSF annual return
  • Accumulation funds
    • Managing lump sums
  • Pension funds
  • Pooled funds


Event-based reporting and the
transfer balance cap

  • What is event-based reporting and
    understanding the framework
  • Who is impacted and what you need to look
    out for
  • When you need to report and a summary of
    the timeframes
  • How to prepare a transfer balance account
  • report (TBAR) form
  • Essential tips and traps and the pitfalls to
    be aware of
  • How event-based reporting changes
    the way you administer funds


  • When your clients can and can’t make a
  • How much can they make?
  • Applying the non-concessional bring forward
  • In-specie transfers and non-cash contributions -
    what to do with them
  • Reporting contributions
  • Excess contributions
  • Contributions tax for high income earners
  • Salary sacrifice vs deductible contributions:
    is there any difference?
  • Accurately reporting rollover benefits in the
    tax return


  • Withdrawing pensions and how to treat
    excess pension payments
  • Converting transition to retirement pensions
    to retirement income phase pensions
  • Dealing with segregated funds post 1 July 2018
  • How to meet minimum pension obligations:
    why it’s important not to get this wrong and
    ensure clients meet their obligations
  • How to apply the 1/12th rule when the
    minimum pension has been missed
  • Running multiple pensions for clients: getting
    it right
  • How preservation issues often arise without
    you knowing: the strict cashing order that must
    be followed for preservation components
  • Stopping and starting pensions: what
    needs to be put in place
  • Commencement calculations
  • Calculating member balances - part year,
    market value, TRIS and preserved benefits
  • Withholding obligations
  • What to do when it all goes wrong
    • Applying the Commissioner’s powers of
    general administration
  • What to do when a member dies


Managing deductions

  • Deductibility of set-up costs and LRBAs
  • Deductions - are you underclaiming
    or overclaiming?
  • Exempt current pension income - what’s old is
    new again!
  • The different ways to apply deductions and
    why one size doesn’t fit all
  • Deduction problem areas
    • Member insurance deductions
    • Investment property deductions including
      borrowing costs
    • Adviser fees, legal and administration costs
  • Managing capital and tax losses in a fund
  • The rules on share trading losses including
  • Allocating deductions within segregated funds
  • The interaction between GST and deductible


Working with the auditors

  • Audit proof: how to give the auditor what
    they need
  • Pre-audit review and rectification
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Our Speakers

RayItaoui Web Image
Ray Itaoui
Director, Hayes Knight

Ray is a Director of Hayes Knight and a registered SMSF Auditor with extensive experience in the audit, accounting and administration of superannuation funds.

Ray has expanded Hayes Knight’s Superannuation Division considerably over the last few years. As the head of the SMSF division, he has developed and implemented the processes and procedures to create an efficient, accurate and proactive SMSF compliance, administration and audit service. In addition to his work with Hayes Knight, Ray also heads Hayes Knight’s SMSF audit and administration outsourcing company, Superssentials Pty Ltd. Superssentials is a high quality, Australian based service that ensures there will be no nasty surprises for accounting firms across Australia and the clients they refer.

Ray is that rare breed of person who is not only practical but detail conscious with an in-depth understanding of the impact of the regulatory environment faced by the profession.

Karen Vella
Karen Vella

Karen understands how to translate complex tax issues into practical, everyday solutions for her audience.

She has ‘been there and done that’, having trained with the Big Four, initiated her own successful practice before moving to a Partnership with Hayes Knight, then solidifying her role as an educator at Webb Martin (Kaplan) before creating her own consultancy and working with in-house training specialist company TaxBytes.

She has worked her magic on leading accounting practices across the country and now for her audience at this exceptional workshop.


Early Bird

Per person
For payments received by Wednesday 19 February 2020
  • $570 - Member
  • $655 - Non-member
Not a member? Find out more


Per person
For payments received after Wednesday 19 February 2020
  • $620 - Member
  • $725 - Non-member
Not a member? Find out more
Register Member

Terms & conditionsAll 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.

Venues & Times

Wednesday 4 March 2020
Cliftons Sydney (map)
60 Margaret St, Sydney
* Please go to Level 13 and check the board for the room number (we are not advised of this until the training day)

Tuesday 10 March 2020
Brisbane Hilton (map)
190 Elizabeth St, Brisbane



Friday 6 March 2020
Rendezvous Hotel (map)
328 Flinders St, Melbourne



All workshop sessions
8.30am Registration
9.00am - 5pm Workshop