With the major SMSF changes behind us, this session provides an opportunity to recap some of the accounting, tax and reporting issues that we now need to address. It will include TBAR reporting obligations for SMSFs and specifically what SMSF pension accounts will look like in 2020.
At the conclusion of the session, practitioners will be able to identify the issues that will impact 2020 accounting and ATO reporting. The requirement for additional communications with clients and the need for current financial data.
Topics covered include:
- Accounting for SMSFs
- Taxation for SMSFs (including ECPI & NALI)
- Income Tax Returns
- Regular ATO reporting
Who should attend?
This session is aimed at accountants and auditors working with SMSFs
About the speaker - Shirley Schafer
Shirley is an auditor by training and a SMSF expert by choice. She established a separate Superannuation division at BDO in 1996, recognizing the need to provide high quality technical services to clients with self-managed superannuation funds. Shirley is a regular speaker at SMSF & Audit conferences. She provides SMSF competency training for accountants and auditors and is the co-author of the Thomson Reuters SMSF Audit Guide. Shirley is the winner of the multiple SMSF and SMSF audit awards in 2017 & 2018.She is an Accredited Specialist Adviser and Accredited Specialist Auditor of the SMSF Association (SMSFA); a Fellow of the Association of Superannuation Funds Australia (ASFA); a Fellow of Chartered Accountants Australia & New Zealand (CAANZ); a Registered SMSF Auditor.