Equipping professional accountants for sustainability
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SMSF lodgement is a major compliance focus for the tax office, and its monitoring and surveillance have found 5000 tax agents are linked to 12,000 problem funds.
About 86 per cent of SMSFs lodge on time every year, and this financial year the ATO is focusing on the 14 per cent of persistent non-lodgers as one of its key compliance targets.
Read the full article on Accountants Daily.