What we do

We offer a range of high-quality accounting, financial and business services. At Salomone Accountants, we understand that no two clients are the same. We would be delighted to meet with you to determine how you can make best use of our team and the services we provide.

• Taxation Services
• Accounting Services
• Business Support
• Audit Services
• Company Secretarial
• Business coaching
• Specialised Services

Business
advice

taxation
planning

compliance
services

News

Trustee reporting obligations checklist

November 8, 2018

Trustees must comply with reporting obligations to avoid penalties from the ATO.

The following trustee reporting checklist to make sure you are stress-free at tax-time.

Trustees must:

• Value the funds’ assets at their market value at 30 June
• Pay any minimum annual income stream payments required under super laws
• Get an actuarial certificate if required
• Prepare the fund’s end of year financial accounts and statements
• Appoint and approve a SMSF auditor not more than 45 days before the SMSF annual return is due
• Lodge your SMSF annual return by the due date
• Lodge your transfer balance account reports if required
• Review the fund’s investment strategy and document the review
• Maintain all the fund’s records as required under super law

READ MORE