Financial statements
Prepare the fund’s annual financial statements from its accounting data and supporting source documents.
SELF-MANAGED SUPER · ANNUAL REPORTING
SMSF Financial
Statements &
Tax Returns
Preparation of your fund’s annual financial statements and SMSF annual return, coordinated with its independent audit.
Discuss your SMSF annual workCampbelltown · Established in 2010HOW WE HELP
From fund records
to annual reporting.
For SMSF trustees needing financial statements and annual return preparation, with the audit and reporting stages clearly organised.
KPA reviews source documents and accounting data before preparing the fund’s financial statements and return. We work through missing information, coordinate the independent audit and lodge the necessary reports with the ATO where applicable.
SUPPORT WITH THIS SERVICE
Tax & member information
Review the information relevant to income, expenses, contributions and benefit payments. Discuss the tax and compliance matters raised by the fund’s activities.
SMSF annual return
Prepare the annual return, which brings together income tax, regulatory and member contributions reporting.
Audit & lodgement
Engage an independent auditor, coordinate the required records and arrange the agreed lodgement work after the audit is finalised.
- 01 / RECONCILE
Review source documents and complete the accounting data.
- 02 / PREPARE & AUDIT
Prepare statements and the return, then coordinate the independent audit.
- 03 / FINALISE & LODGE
Resolve outstanding information and arrange the applicable ATO reporting.
KEY CONSIDERATIONS
The audit comes before lodgement.
The fund’s audit must be finalised before the SMSF annual return is lodged. The return also reports regulatory and member contributions information, so the work needs more than a list of income and expenses. Contact us early about missing records or an approaching deadline.
BEFORE WE TALK
A useful starting point.
Tell us which year needs to be completed, any outstanding returns and whether the fund’s accounting or audit work has already started.
Contact KPA before sending financial records or sensitive documents.
Records to have in mind
- Fund and trustee details, including changes during the year
- Bank and investment statements and relevant transaction records
- Income, expense and asset records, including available valuation information
- Member contribution, rollover and benefit-payment details
- Pension or income-stream records, where applicable
- Previous financial statements, annual returns and audit reports
- ATO correspondence and details of outstanding reporting or audit queries
COMMON QUESTIONS
Before you enquire.
Is this more than an income tax return?
Yes. The SMSF annual return combines income tax, regulatory and member contributions reporting. The financial statements and independent audit form part of the annual process.
Does KPA carry out the independent audit?
KPA engages an independent auditor and helps coordinate the records required. The auditor’s work and annual audit report are separate from KPA’s accounts and return preparation.
What if some records are missing?
Tell us what you have and what is outstanding. We identify the further information needed before the statements, audit and return can be finalised. Completion timing depends on the records and work required.
Can administration be included too?
Yes. Ongoing accounting and administration support can be discussed with the annual reporting work. We confirm the scope with you before proceeding.
TALK TO KPA
Get your fund’s annual work underway.
Tell us the year involved, what has been completed and any dates we need to know.