Coming clean with the regulator

<p>DBA Lawyers director Daniel Butler provides tips and insights on guiding SMSF clients through the ATO’s early engagement and voluntary disclosure service.<br /> <br /> With contraventions on the rise and the ATO undertaking more reviews, Daniel Butler explains the types of circumstances where SMSF clients may want to use the ATO’s voluntary disclosure service.<br /> <br /> Daniel also discusses what SMSF clients need to do to prepare when making a voluntary disclosure and how the ATO may respond.<br /> <br /> He also explains the kinds of proposals that might be included in a voluntary disclosure including an enforceable undertaking and advises SMSF professionals on the importance of warning clients on the potential consequences including penalties and the fund being rendered non-compliant. </p>