COVID-19 & Your Clients: Questions Answered
Issues covered include: COVID-19, 2020 SMSF audits, tax update, business valuation, client's will
Description
A roundup of the hottest issues on your desk right now. As we continue to see huge impacts on tax positions, SMSF audits and business valuations, you need the latest information. Plus, have the answers to your clients’ questions about changing or updating their will, so that you can provide holistic advice. One morning, 3 CPD hours, easily available online from your desk or device. Get your essential update.
Attend and earn 3 points in Technical Competence
Chair: Craig Stone CA, Associate, Hood Sweeney
9.00am to 9.45am: 2020 SMSF Audits: The Impact of COVID-19
- Pensions & benefit withdrawals: What are the audit risks?
- Property, Rent & Valuations: What are the audit risks?
- Related Party Transactions & In House assets: What are the audit risks?
- Investment Strategies
- Audit documentation requirements & audit reporting
- The ATO response
Presented by Shirley Schaefer, Lead Partner - Superannuation, BDO
9.45am to 10.30am: COVID Measures and Their Impact on 2020 and 2021 Tax Positions
- COVID measures and their impact on 2020 and 2021 tax positions
- Division 7A update
Presented by Simon Garrett, Accountant, Bentleys SA
10.30am to 10.45am: Break
10.45am to 11.30am: Business Valuations in 2020 and Beyond
- The 4 W's: Why, What, Who, When?
- The valuation approach
- Analytical forecasting
- Deriving a valuation conclusion
- Impact of COVID-19 on Australian Economy
- Implications for business valuations
- Is there any business goodwill?
- Tricky issues: Tips, traps and advice
Presented by Brendan Daw CA, Director, Daw Accounting and Advisory; Business Valuation Specialist CAANZ; Registered SMSF Auditor
11.30am to 12.15pm: Your Client’s Will: The Details that Accountants Need to Know
- What are the consequences if your client dies without a will?
- What makes a will valid?
- Consequences of marriage and divorce
- Estate planning dealing with the divorce of a beneficiary
- Should you act as your client’s executor?
Presented by Mark Jappe, Principal and Bridget Shinnick, Solicitor, Adelta Legal