Super (SMSF) Reporting

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Paul@PAS, 31st Jul, 2017.

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  1. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
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    23,536
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    Sydney
    The ATO are proposing some aweful SMSF reporting changes become mandatory.

    This will cost SMSF a fortune. And affect all other funds. The ATO basically want to see your accounts in real time. This will be paid for by all members. Wont be cheap. Its invasive and unnecessary. Imagine if they wanted companies to use SBR and report in monthly reports...Policitical madness by big brother.

    There is a campaign to let the ATO know what you think.

    BGL is leading the charge against the new super reporting requirements, launching its #telltheATO petition | BGL Corporate Solutions Pty Ltd
     
    Paul@PAS, 31st Jul, 2017
    #1
    Nodrog likes this.