2017 - 2018 TAX RETURN CHECKLIST : SMSF

For year ended 30th June 2018

IMPORTANT NOTE – WORKFLOW MANAGEMENT


The lodgement due date of your tax return is between 31st of October 2018 and 15th of May 2019 (depending on your circumstances

 

Is your tax return required urgently?  If yes, please contact your Client Manager (express fees may apply).

Please choose a Chan & Naylor Branch *
We shall endeavour to ensure that the tax return of the Trust/Partnership is lodged with the ATO by the due date, provided ALL relevant information and documentation is received by 15th January 2019. 
This will allow us sufficient time for preparing and lodging the tax return. 
If the relevant information and documentation is not received by the  due date, we may not be able to guarantee that the tax return is lodged in time.

Name of Client
Name of Trustee
We shall endeavour to ensure that the tax return of the Superannuation Fund is lodged with the ATO by the due date, provided ALL relevant information and documentation is received by 15th January 2019. This will allow us sufficient time for preparing and lodging the tax return. If the relevant information and documentation is not received by the due date, we may not be able to guarantee that the tax return is lodged in time.
 
INCOME & EXPENSES:

1. Income & Expenses:
  • if you maintain your own cloud based accounting software, please contact your client manager to go through the steps to enable appropriate Chan & Naylor access.
  • if you maintain your own desktop based accounting software please submit a copy of the file via usb or via email to your relevant client manager.
  •  if you pay an ATO GST instalment amount every quarter, we shall prepare the Annual GST Return for you based on the data you provide, unless we are advised otherwise;
  • if you do not maintain cloud or desktop based accounting software, please forward the following documents to us, if applicable:
       a. cashbooks (either manual or in Microsoft excel);
       b. bank statements from 1 July 2017 to 30 June 2018;
       c. cheque butts;
       d. deposit slips;
       e. expenses summaries/invoices;
       f. loan statements, if applicable;
       g. amounts of money that other entities, including the beneficiaries, owe the SMSF at 30 June 2018, if any  
  • H.amounts of money that the SMSF owes other entities ,including the beneficiaries (for trust), in connection with the business as at 30 June 2018, if any
  • i. PAYG Payment Summaries (group certificates) and annual reconciliation statement, if applicable.

Please note that we need the GST component of each expense so that we can work out the GST input tax credit claimed by the Trust/Partnership.

  
2. Distribution from other trusts/partnerships: 

Do you receive distribution from other trusts/partnerships? *


 
3. Rent:
Do you receive rental income? *




4. Interest:
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5. Dividends:
Please  provide  copies  of  all  dividend  statements  including  those  that  take  part  in  dividend reinvestment plan. If you have problems finding all these statements, please feel free to contact us
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6. Capital Gain:

Capital Gain: Did you sell any assets such as share investments or property in the 2018 financial year, i.e. from 1st of July 2017 to 30 June 2018?


 
8.  Rollovers from other Super Funds.

 
9.  Contribution
 
10.  Pension
 
11.  Expenses

 
12.  Investments


13. Tax Loss
Did the SMSF have a loss to be brought forward from prior year?

14. Loans
Are your loans looked after via a broker or directly through a bank manager?

Please note that you are required to forward some or all the above documents to us for preparing your financial statements and tax return. The above list, while being quite comprehensive, is not meant to be exhaustive. If you are not certain whether additional information/documents are required or some of the documents are missing, please feel free to give us a call.
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Chan & Naylor 2016