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Tax return for SMSF's Expand / Collapse
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Posted 29/06/2007 10:35:59 PM
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Last Login: 5/02/2010 12:28:42 AM
Posts: 19, Visits: 80
I am surprised that the FAQ section of your web site has Q . does MySF manager prepare the tax return for my fund ? In the answer you mention only a registered tax agent can lodge returns !!!!. I have prepared and forwarded the return for the last 2 years and have had no comment from my auditor or tax office that i cannot do it !!
Post #3378
Posted 1/07/2007 6:54:45 PM
MySF Administrator

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Last Login: 17/05/2010 6:31:15 PM
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Hi,

We called the ATO this morning to find out more information regarding this question.
The answer given was that an SMSF does not have to use an accountant to prepare and lodge a tax return. The deadline for SMSFs using an accountant is May 15 rather than October 30.

However, individuals cannot do an electronic lodgement of an SMSF tax return, because the login needs a tax agent number. Additionally, the online request for Form F may also require that a tax agent's number be provided.

We will update the FAQ section to reflect this information.

Regards,

MySF
Post #3395
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