Your SMSF must attend to certain annual reporting requirements each and every year. These include:

  • Preparation of an annual Balance Sheet
  • Preparation of an annual Profit & Loss Statement
  • Preparation of annual Member Statements
  • Preparation of annual Trustee Resolutions & Minutes
  • Preparation of an annual Income Tax Return
  • Preparation of an annual Audit
  • Lodgement of the annual Income Tax Return

The above annual compliance requirements are the compliance requirements that a SMSF must attend to annually. Importantly we will attends to the above annual compliance requirements for your SMSF.

Once the Tax Return has been completed at financial year end, we will send to you the Tax Return to you for review and sign as detailed above.

The Tax Return will also indicate the Tax Liability due and payable and the due date.  Alternatively where your SMSF is entitled to a Tax Refund the Refund will be banked into your SMSF bank account by the ATO generally within 28 business days after the lodgement of the Tax Return