In October last year, the ATO reported that non-lodgement rates for the SMSF sector had reached critical levels with around 40,000 funds at risk of being made non-compliant at the time.
Read the full article at SMSF Adviser.
Non-lodgements continue to drop following ATO crackdown
A more lenient approach by the ATO towards late lodgers who are actively rectifying their overdue SMSF returns has helped bring down the rate of non-lodgements, according to one SMSF auditor.
