'Huge pressure' for tax agents with new SMSF reporting
The ATO has proposed a potential start date for the new events based reporting regime for self managed super funds, with an industry association lobbying for a long transitional period to allow SMSFs and their advisors time to adjust.
Speaking at an event in Sydney, SMSF Association head of technical Peter Hogan said initially the ATO had floated the idea of commencing the events based reporting scheme after the lodgement of the 2016/17 financial year return.
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