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The latest from the regulator on TBAR
ATO client engagement director Dalila Vellotti provides important clarity on the transition process to the newly streamlined TBAR framework.
In this episode, Ms Vellotti explains what the move to quarterly based transfer balance account reporting (TBAR) will mean for SMSF professionals and their clients and offers some practical tips.
She also outlines when unreported events from the 2022–23 income will need to be reported under the new framework where the SMSF is currently an annual reporter.
She also sheds light on a couple of the common reporting errors that the ATO tends to see from SMSFs and how to avoid them.
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