SMSF Services
Annual Financial Statements & Tax Returns
Every SMSF must have financial statements prepared and a tax return lodged each year — regardless of fund size or activity. PHC & Associates prepares accurate, ATO-compliant financial statements and SMSF annual returns for your fund, coordinating with the independent auditor and lodging on time.
1000+
Clients Served
CPA
Certified
Annual Return
Lodgement Included
What's Included
Everything Covered in This Service
Preparation of SMSF financial statements — statement of financial position and operating statement
Member benefit statements for all members
SMSF annual return preparation and ATO lodgement
Income tax calculation — 15% on fund earnings, 0% on pension assets
Capital gains tax calculations and CGT discount claims
Franking credit claims and dividend income reconciliation
Coordination with independent SMSF auditor
ATO correspondence management post-lodgement
Why It Matters
Why This Matters for Your SMSF
Understanding the stakes helps trustees take their obligations seriously — and get the right support.
Annual Accounts Are a Legal Requirement
Every SMSF must prepare financial statements and lodge an annual return regardless of size or activity. Failure to lodge on time results in ATO penalties and interest charges.
Accuracy Affects Every Member's Balance
The financial statements determine each member's account balance — which in turn affects pension entitlements, contribution caps, and the transfer balance cap. Errors in the accounts flow directly into member outcomes.
Tax Rates Vary Between Accumulation and Pension
Fund earnings are taxed at 15% in accumulation phase and 0% in pension phase. Correctly identifying which assets support which member accounts is essential for accurate tax calculation.
Franking Credits Are Valuable
SMSFs that hold Australian shares are often in a net refund position for imputation credits — but only if franking credits are correctly identified and claimed in the annual return.
Late Lodgement Triggers ATO Scrutiny
SMSFs with a history of late lodgement are flagged by the ATO for closer review. Consistent, on-time lodgement is the simplest way to maintain a low compliance risk profile.