If you have an SMSF with a total balance of less than $1 million, from 1 July 2023 you will need to report quarterly to the ATO instead of annually. Previously, SMSFs with a balance under $1m reported annually at the same time as lodging the SMSF annual return.   

NB: If your SMSF is currently managed by HFB Group, we will manage this increase in reporting requirements for you.