March 2015
Beginner
376 pages
10h 10m
English
Content preview from DIY Super For Dummies, 3rd Australian Edition
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Chapter 12
Act Like You’re the Boss — Reporting
In This Chapter
Maintaining accurate fund and accounting records
Storing your fund’s important documents
Keeping proper records of fund deductions, and other tax transactions
Lodging annual returns and retaining a copy of each return
Appointing a registered independent auditor
I magine this: Two Australian Taxation Office (ATO) representatives knock on your door and ask to see your super fund’s financial reports, member accounts and other fund records. Can you help them? Do you know what fund records you ought to be keeping?
One of the representatives then drops into the conversation that you provided incorrect tax file numbers (TFNs) for your fund’s members in the SMSF’s last annual return, and that your return was lodged late. Do you know when (and what) your fund is supposed to report to the ATO? Do you know enough about your fund’s activities to challenge, or confirm, the ATO’s comments? Although, in the first instance, an ATO ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.