Stay up to date on the latest industry developments and regulations. In this session, we’ll dive into the current state of the SMSF landscape, including updates on the Quality of Advice Review (QAR), the latest budget announcements and new legislation affecting the SMSF sector.
Attendees will learn about:
As the number of SMSF clients over 70 continues to increase, managing their changing needs and requirements has become a critical challenge for SMSF advisers. In this session, we will explore a raft of strategies that can be implemented for the over 70s demographic across pensions, contributions and tax planning.
Key takeaways:
Getting money out of an SMSF without incurring unnecessary costs is of critical importance to most clients. The recent announcement of an additional 15 per cent tax rate for accumulation balances over $3 million will bring this further into the spot light as clients look at how best to structure their retirement savings.
In this session, we will delve into the detail regarding:
Don’t miss this opportunity to enhance your knowledge and expertise in this critical area of SMSF administration.
How technology both enhances an accountant’s ability to deliver tailored strategic guidance to SMSF clients and their reputation as their clients’ trusted adviser.
Property investments through SMSFs can be a lucrative strategy, but they can come with complex and strict compliance requirements and regulations.
Join this session to stay up to date with the latest developments and requirements related to SMSF property investments. We will cover critical topics such as LRBAs, NALI and NALE, current unit trust issues, market valuation requirements, compliance issues and the latest considerations for SMSF property investments.
In this session, gain insights into:
Property values have gradually been improving in recent months despite the potential headwinds from interest rates and cost-of-living pressures. However, there are some key considerations for SMSFs with property investments.
This session will explore:
Managing potential cash flow risks for SMSFs with property – particularly those with pensions or that are close to starting pensions
What SMSFs should be thinking about with their fund’s investment strategy
*What the current lending landscape is like for SMSFs at the moment
With quarterly-based reporting now officially in force for all SMSFs as of 1 July, all unreported events that occurred before 30 September 2023 must be reported by 28 October 2023.
In this session we explore:
How to prepare clients previously reporting transfer balance account events on an annual basis to the quarterly-based regime
What systems and processes SMSF professionals may need to change in order to adapt
Dealing with valuations of fund assets where the data is unavailable
Potential reporting traps with the shift to quarterly reporting and tips to prevent issues occurring
Get ahead of the game and stay compliant with the latest updates on SMSF documentation in Australia. With the government’s modernizing business communications and registers project, changes are coming to the way SMSF documents, including financial statements and in-house asset plans, are signed and executed.
Join us for an in-depth look at:
The current state of the law and potential pitfalls to avoid
Upcoming legislation and its impact on document processes
What auditors will be checking for in terms of proper execution and record keeping
Attend this session to gain practical knowledge and best practices to streamline your SMSF documentation process.