SMSF Early Engagement and Voluntary Disclosure – Gold Coast Local Community (in-person only)

6 Jun 2024
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SMSF Early Engagement and Voluntary Disclosure – Gold Coast Local Community (in-person only)

Jun 6 @ 4:00 pm - 6:00 pm AEST

A$20.00 - A$30.00

Do you have an SMSF with contraventions? Be sure to come and join us at our next local SMSF community event as Neal Dallas & Victoria Mercer from Business Depot present a session on SMSF Early Engagement and Voluntary Disclosure.

The SMSF Early Engagement and Voluntary Disclosure Service offered by the Australian Taxation Office (ATO) encourages SMSF trustees and their advisors to proactively address and resolve compliance issues. This service helps manage regulatory contraventions by facilitating early resolution, potentially reducing penalties and maintaining compliance.

This session will cover:
• Eligibility and Usage: this service is accessible to SMSF trustees and advisors (e.g., tax agents, accountants). It’s most beneficial when known contraventions have not yet been rectified and before the auditor has reported the issues to the ATO. It is not suitable if the ATO has already begun an audit.
• Making a Voluntary Disclosure: being prepared to engaged with this service is essential. The SMSF trustees and advisors should develop a rectification plan, and complete and submit the relevant form
• Benefits of Engaging Early: early engagement can lead to reduced penalties and a more favourable resolution. Trustees can work directly with the ATO to finalise a rectification strategy.
• Expectations and Outcomes: Trustees are expected to provide a comprehensive rectification plan and execute that plan.
• Real-Life Examples: Incorporating case studies can demonstrate the service’s practical application and benefits. These examples highlight how effective early engagement can be in navigating compliance challenges and achieving favourable outcomes.

If you are new to the association or haven’t attended our local community events before, we look forward to welcoming you – it’s a unique opportunity to come and meet with a variety of professionals and hear different points of view from accountants, financial advisers, auditors, and lawyers all in the one the place. It is also a great opportunity to build your network of SMSF specialists so you know who to call when you need any advice in the future.

For our regulars – please do not forget to bring along your colleagues and invite along key team members to join in the conversation.

Enjoy some networking nibbles and drinks following the discussion.

Members are welcome to bring along a junior colleague at no cost. Simply contact our team at [email protected] to arrange the complimentary registration. Please note, this offer is valid for first-time attendees only.

Tickets

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SMSF Early Engagement and Voluntary Disclosure - Gold Coast Local Community (in-person only) - Local Community
  • $ 20.00 – Member
  • $ 30.00 – Non-Member
  • $ 30.00 – Overdue Member

Details

6 June 2024
4:00 pm - 6:00 pm AEST

$30.00
(Price for Non-Members)

$20.00
(Price for Members)

1 CPD Hour

Elston Level 12 Corporate Centre One Corner Bundall Road and Slatyer Avenue
Bundall, QLD 4217
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