BGL has released updated advice to clients on the new 1 July 2017 SMSF reporting requirements. These changes are a result of the introduced 2016 budget superannuation changes.
BGL Corporate Solutions director Ron Lesh says changes to the reporting of pensions and the ATO’s new transfer balance account report (TBAR) will mean that staying compliant hinges on the use of automated software.
BGL Corporate Solutions believes automation is a must when it comes to meeting the new SMSF reporting requirements as a result of the superannuation changes commencing on 1 July.
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