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SMSF reporting changes from 1 July 2023

By February 14, 2014March 2nd, 2023No Comments
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SMSF reporting changes from 1 July 2023

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If you have an SMSF with a total balance of less than $1 million, from 1 July 2023 you will need to report quarterly to the ATO instead of annually. Previously, SMSFs with a balance under $1m were reported annually at the same time as lodging the SMSF annual return.

 

Note: The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.

Publication date: 1 February 2023