For new SMSFs, the first tax lodgement is due on 28th of February in the following financial year. For SMSFs that has been in existence from the second year onwards, the due date is on 15th of May in the following year. For example, the 2022 tax return would be due on 15 May 2023.
If the SMSF has outstanding tax returns, the due date would be on 31st October in the same year. For example, the 2022 tax return would be due on 31 October 2022. Thus, it is important to keep your SMSF’s lodgements up to date in order to ensure the maximum time frame for lodgements is available to you.
Preparing the accounts
If you are a client of ours, you can send us the documents to begin the accounting process at any time. Please click here for a checklist of documents we typically require to complete the accounts. For more information, you can also visit our website here.