SMSF 2021 Workshop

18, 22 & 25 March 2021
Advanced Audit & Compliance Training

Register Me
EImage SMSF19

"This workshop is fantastic. Nothing to improve.”

2019 Perth Workshop attendee

Implications of the TBC indexation increase to $1.7m
Non-arm's length income expenses in detail
SMSF Property development problem areas
COVID-19 and contraventions

SMSF 2021 demonstrates how to manage and respond to the vital SMSF issues that affect you and your clients with a focus on achieving the best outcomes for both parties.

Designed to reduce risk and maximise efficiency and outcomes, SMSF 2021 is a not to be missed workshop for all professionals in the SMSF audit and advice space.

SMSF 2021 explores the common issues facing advisors and reveals the areas where we see advisers make mistakes.  In this comprehensive one-day workshop, we get into the depth of, and explain the hows, whys and solutions to, the current issues confronting advisers and auditors.

Complete with  interactive learning exercises, this workshop will test and expand your knowledge. 

  • SMSF Association Accreditation Pending
  • Comprehensive workbook and audit documentation included
  • Great for anyone advising or auditing SMSFs at a management level or who wants to take their knowledge to the next level.

Online

Wednesdays
7, 14, 21 April
11.00am - 1:00pm

Register Me

Melbourne

18 March 2021
Double Tree by Hilton (map)
270 Flinders St, Melbourne
8:30am - 5:00pm

Register Me

Sydney

22 March 2021
Hilton Sydney (map)
488 George St, Sydney
8:30am - 5:00pm

Register Me

Brisbane

25 March 2021
Brisbane Hilton (map)
190 Elizabeth St, Brisbane
8:30am - 5:00pm

Register Me
Knowledge Shop members, login for the discounted rates

What we cover

SMSF 2021 presents real life scenarios that you are likely to face in your SMSF work, together with the solutions to manage and overcome the issues presented. Plus, build the depth of your knowledge by being involved in the group discussion exploring the different treatment options available and their likely outcomes.

The ever-changing landscape

  • Work test Changes
  • Increase SMSF membership to 6
  • Key ATO compliance areas and what attracts the regulator’s attention
  • Increase in access to bring forward rules and how this may impact your contribution strategies in place

In-house assets

  • Related unit trust red flags - the rapid increase in the establishment and use of related unit trusts and the scrutiny they are now under
  • 50/50 trusts - are they actually allowed?
  • New investments in related unit trusts - what the ATO states you can and can’t do
  • Related party rules
  • Trustees responsibilities when a breach occurs

Key SMSF administration issues

  • Pension structuring and documentation - it’s all in the paperwork
  • When can a member take a Lump sum benefit payments – 50% minimum reduction
  • Reactive vs. Proactive SMSF planning
  • Changes to SMSF rollovers and release authorities

Key documentation included

  • Current audit plan
  • Current audit program
  • Suggested engagement and management letters

2021 Hot Topics

  • Transfer balance cap indexation increase to $1.7m from 1 July 2021 and how this will affect members with a transfer balance account not fully utilised
  • Non-arm's length expenses – what to be aware of so client’s don't get caught under these new rules
  • The work test requirement changes
  • Practical issues with 6 member funds
  • COVID-19 relief and ensuring the agreement will not result in fund contraventions
  • Working with the updated ATO guidelines for contraventions
  • Property development within an SMSF and the problem areas

Structuring issues for SMSFs

  • Asset segregation - what your clients are still allowed to do
  • Identifying and planning for structuring issues before they occur
  • Joint ownership of assets - a resurgence of interposed trusts and companies to manage contribution restrictions
  • SMSF Residency issues and how to overcome them

SMSF strategies

  • Downsizer contributions
  • Unused concessional carry forward contributions
  • Member balance equalisation
  • When should client’s commence an account based pension and impacts if TBC is indexed

ATO activity

  • New auditor independence guidelines
  • Early Release of superannuation integrity and compliance
  • Events Based Reporting – make sure your clients are up to date!
  • SMSF Market valuations

 

Our Presenters

Ray Itaoui
Director, Hayes Knight

RayItaoui-RoundRay is a Director of accounting firm 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.

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.

Before joining Hayes Knight, Ray was in management roles with Knowledge Shop and Dixon Advisory

Natalie Scott 
Superannuation Adviser, Knowledge Shop 

Natalie Scott R

Natalie has spent well over a decade immersed in the intricacies of how SMSFs operate, navigating an increasingly complex legislative and regulatory environment, and managing the issues that arise servicing client needs (and wants!). 

She has led the SMSF divisions of mid and second tier firms and understands SMSFs from the ground up – accounting, tax, structuring and advice. At Knowledge Shop, Natalie is an advisers’ adviser, helping the profession clarify the practical requirements and opportunities of SMSFs. She brings this knowledge to her presentations and explores the issues in a very practical way – knowledge that is immediately transferable in practice. 

Natalie is a Chartered Accountant and a specialist member of the SMSF Association. 

Investment

Need group rates? Call (or email) Lee Marshall on 0434 067 133.
Knowledge Shop members, login for the discounted rates

Perth Tuesday, 16 March 2021 | Melbourne Thursday, 18 March 2021 | Sydney Monday, 22 March 2021 | Brisbane Thursday, 25 March 2021

Early Bird

  • For payments received by COB 26 Feb 2021
  • $620 - Member
  • $670 - Non-member

Not a member? Find out more

Member Register

General

  • For payments received after 26 Feb 2021
  • $685 - Member
  • $735 - Non-member

Not a member? Find out more

Register Me

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.