Thought it might be a good ready reference for people not sure when they are required to lodge their returns 31 October, 2011 SMSFs with outstanding prior year returns (unless a deferral is in place) 28 February 2012 new SMSF registrants and self preparers 15 May, 2012 other SMSFs using a tax agent for lodgement.
No action for you until you do your end of year return for 2011/2012 later in the year. You just keep doing your minutes and buying lots of PM's. 28th of feb is for payment of the ATO's levy and submission of returns to the ATO by your accountant for the fiancial year 2010/2011
Thanks for the response shiney I have clarified this with our auditor and you are correct to a point. For thatguy and myself no action is required until feb 28 2013, there is no reporting or fees at all. cheers
You sure? I started my SMSF in about May 2011. Had to do a return for the financial year 2010/2011 in October 2011. On reflection, 31st Oct may have been an esuperfund date for administrative purposes only.
You had may and June of that financial year to report, but would have til Feb to report first return, l guess.the ultimate date to start a fund would be 1st July?
Yep, 31st Of October was an administrative requirement from esuperfund in order for them to have time to get all the paperwork done, sent to me and back to the ATO by 28th Feb. Next year the return will not have to be sent to the ATO until mid May as it's not my SMSF's first return. Thanks for the clarification. Ultimate start date 1st July? How would you jag that date?
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