Lodge newly registered SMSF annual returns on time
The ATO has issued a reminder that the 2013 SMSF annual return for new registrants is due on 28 February 2014. To help clients to prepare for lodgment, the ATO recommends letting them know the audit report needs to be completed so that their SMSF annual return can be lodged on time. Note that newly registered funds that did not have assets set aside for the benefit of their members and did not commence operating in their first year of registration may request a return not necessary (RNN) for their first year only. To apply for an RNN the fund must confirm in writing:
- it did not hold assets and did not receive contributions or rollovers in the first financial year;
- the date the fund first held assets and commenced operating; and
- that it will lodge future returns.
SMSFs that were granted a RNN as a new registrant in 2011/12 and are now legally established must lodge a 2013 annual return by 28 February 2014. However, if such funds have not yet set aside assets for the benefit of members and have not operated, their registration is required to be cancelled. Agents can request a RNN, or cancel the registration of a fund that is not yet legally established, by submitting a mail message on the Tax Agent Portal
Interested in joining our team? Why not apply today?
About Our Traineeships:-
Join the Market Leader in 2016 – Accounting Traineeships
Looking to study a B.Com at University of Newcastle in 2016?
Bottrell Business Consultants are a Multi Award Winning Firm
We have 2016 Traineeships available – work 3 days Study part-time 2 days
Apply now to Tara Skippen on tara@bottrellaccounting.com.au – send resume & cover letter
www.bottrellaccounting.com.au or check us out on Facebook, Twitter, Instagram or LinkedIn
Offices – East Maitland | Newcastle | Sydney | Melbourne | Brisbane | Gold Coast
Bottrell Business Consultants Pty Ltd – Chartered Accountants and Business Advisors.
The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment.
Our group of businesses & links include the following companies (& our websites);-
- Bottrell Accounting & Taxation – Visit out website
- Bottrel Business Consultants Pty Ltd – Visit our website
- Maitland Accounting & Taxation – Visit our website
- East Maitland Accounting Services – Visit our website
- Mobile Bookkeeping & Recruitment – Visit our website
Comments are closed.