HQB’s Weekly SMSF News – Week 4: Financial Reporting
I have Self-Managed Superannuation Fund (SMSF) – what do I need to know about financial reporting?
- You need to have Financial Statements prepared for each year ended 30 June – we can assist you with that process.
- Included in these reports is a requirement to include assets of the fund at market value.
- The reports will also detail each member’s balance.
- The accounts need to be separately Audited each year.
– Ian Hogbin
Posted 14.09.2022
This article is compiled as a helpful guide for your private information and is subject to copyright. We suggest that you do not act solely on the basis of material contained in this article because items are of general nature only and may be liable to misinterpretation in particular circumstances. We recommend that our advice be sought before acting on any of these crucial areas.
