Your SMSF must attend to certain annual reporting requirements each and every year. These include:
- Preparation of Statement of Financial Position
- Annual Operating Statement
- Reporting on Annual Members balances
- Trustee Resolutions & Minutes
- SMSF Annual returns
- Independent Audit
When you become a client of EPA Group, we use cloud technology to electronically access your data such as banking, shares and dividend transactions. This will provide quicker processing of annual/quarterly reporting obligations. Year-end review and sign off process are streamlined by portal notification and the documentation will be available for future review.
According to the Australian Taxation Office’s SMSF Statistical Report released in March this year, 200,000 of the nation’s 590,000 SMSFs are administered by cloud-based software already.