Although it is possible to manage the year-end compliance requirements for your self-managed super fund (SMSF), most trustees now rely on professional service providers to assist, particularly when it comes to preparing the fund’s financial statements and lodging its annual return.
Going it alone requires a clear and concise understanding of the superannuation and tax rules and access to computer software that can manage the complex nature of super fund transactions.
That’s why so many trustees engage with professionals to assist; whether that be an SMSF accountant or an SMSF administration service provider.
Learn more about the top 5 mistakes SMSF trustees make with their annual return.
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