Effect on trustees and annual returns

COVID-19 is affecting many self-managed super fund (SMSF) trustees and their service providers as they prepare to lodge their SMSF annual returns (SARs).


SMSFs are unique in that they must be audited before lodging the SAR. Super laws require an auditor be appointed 45 days before the lodgment due date.


The next SAR due is 15 May. If you, your tax agent or auditor need more time to lodge, contact us or your tax agent before the due date to request an extension.


Tax agents can apply for a deferral for their SMSF clients for up to six weeks (that is, lodgment is due up until 30 June).


MORE INFORMATION:

For the latest advice, information and resources, go to https://www.ato.gov.au/

Feel free to contact us at office@gordondu-associates.com.au or (08) 9345 0499.


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