Before the Annual Return for SMSFs can be lodged, there are 2 requirements that needed to be met:
- Firstly, the Super laws require that SMSFs have their accounts, statements and compliance audited each year.
- Secondly, you need information from the audit report to complete the regulatory information in the return.
As your SMSF‘s auditor, we will alert you to any identified compliance contraventions in your Fund. This will give you a chance for rectification before the audit is finalized and the annual return lodged. This way, you can avoid being penalized by the Tax Office.