SMSF Compliance: Audits, Pensions and Sole Purpose Test
SMSF compliance has become even more complex over the last six months. Hear from the superannuation gurus working at the coalface on SMSF audits, the most effective pension strategies and the Sole Purpose Test. Don’t let simple mistakes become expensive ones.
Description
Attend the full day and earn 3 CPD/ CPE hours
FASEA CPD Allocation: Estimated 3 CPD hours in Technical Competence
Chair: Simon Gow, Partner, Private Advisory, Grant Thornton
9.00am to 10.00am: LATEST UPDATES: Superannuation Audit: What’s New and What Does it Mean to Your Clients
- Related party tenancy concessions and rent relief
- Audit risks for property, rent and valuations
- Exempt in-house asset implications
- Investment strategies
- ATO expectations
- Auditor independence
Presented by Greg Bentley, Director, Opulen Super and Accounting
10.00am to 11.00am: Tax Effective Pension Strategies and Practical Tips on TBAR
- Important TBAR timing issues
- Death benefit reporting
- Considering the actuary %: why and how does it matter
- Combining TBAR and contributions
- Reporting when you miss the minimum
Presented by Katie Timms, National Director, Superannuation & SMSF Services, RSM
11.00am to 11.15am Break
11.15am to 12.15pm: A Practical Guide to Sole Purpose Test and Identifying Compliance Risks
- What is the Sole Purpose Test and why it matters
- Recent cases and the ATO’s view
- Sole purpose test post Royal Commission and APRA review: Will this impact SMSFs?
- Case studies and examples
Presented by Tracey Scotchbrook, Director, Superology Pty Ltd
Learning Outcomes
- Have the latest guidance on SMSF audit compliance
- Get the latest on TBAR reporting
- Learn the most effective pension strategies
- Examine the Sole purpose test and it’s importance to SMSF compliance