The Self-Managed Super Fund (SMSF) is essentially a trust that is registered with the Australian Taxation Office (ATO) for the provision of retirement to its members with the concession SMSF tax rate of 15%. Or, simply put, like other superannuation funds, it is a way of saving for your retirement.
The SMSF tax return is lodged every year. The self-managed super fund accountants help the members to furnish the SMSF returns after furnishing details of all the applicable levies, income, contributions and any other information required under the regulation.
This appropriately furnished SMSF accounting statement is then presented to the ATO as the legal requirement of lodging the SMSF tax return by the SMSF accountant.
Generally, SMSF income type is popular among people who wish to have flexibility in their superannuation assets investments such as in the real estate industry. However, due to frequent changes being made to the SMSF regulations, preparing the SMSF statement can often be cumbersome. So, it is always better to consider the assistance of a professional SMSF accountant.
Generally, to lodge and pay the SMSF tax return the following due dates are applicable:
In case, you are lodging your first annual SMSF tax return, then the due dates are:
Please note that as the administration follows a process of strict compliance for the purpose of furnishing and presenting the SMSF returns, expert help is always recommended. Here, at Accountant Perth WA, we have experienced agents to offer legitimate SMSF accounting services.
While considering the reasons and advantages of hiring an SMSF Accountant Perth, you can be assured of the following benefits:
To get a first-hand experience of the benefits of hiring an SMSF accountant in Perth, get your accounts assessed by our team at Accountant Perth WA.