subscribe to our newsletter sign up

ATO relaxes SMSF annual return deadline

ato, relaxes, smsf, annual, return, deadline

The taxman will extend the deadline for lodgement of self-managed super fund annual returns, following feedback from financial advisers and accountants.

The deadline has been extended to 30 June 2017 so as to allow greater time to come to terms with the upcoming changes to superannuation, according to a communication issued by the Australian Tax Office.

“We have heard that many accounting and advisory firms are stretched to meet their usual annual SMSF lodgement commitments, in addition to providing advice to their clients about the superannuation changes taking effect on 1 July,” said ATO deputy commissioner James O’Halloran said.

“Accountants, tax agents and SMSF advisers play a key role in ensuring that their SMSF clients are ready for the changes on 1 July. They will ensure their clients are in the best position to make informed decisions about their superannuation savings in light of the changes.

“The ATO has taken this step to reduce some of the burden of compliance work so that accountants, tax agents and SMSF advisers can focus on providing appropriate advisory services to their SMSF clients ahead of the changes.”

ATO relaxes SMSF annual return deadline
nestegg logo
subscribe to our newsletter sign up
Promoted Content
Recommended by Spike Native Network
Greg Hollands - Numb... - Quite frankly, I am sick and tired of "community expectations" used as an argument. If that were the case, many borrowers from banks would expect the.......
Tough Love - TC, if you are earning just above minimum wage running your business, then stop. Rather than whinge about how difficult it is, just stop. Go and get.......
Jimmy - How many people buy the book and never read it? How many people buy the unshod one's book and never read it? Like the article says, it's simple but.......
Jack - Oh dear ...... investable Income, budgets, Income-producing assets (well, makes a change from ‘growth’ assets, at least), and I suppose we should.......