I made a 10K personal contribution into my SMSF in FY24. Its an individual SMSF, so I have sent a NOI to myself as the director of the superfund and basically replied back to myself with acknowledgment.
As for lodging my personal tax return, I went through H&R Block but the accountant said the NOI and acknowledgment is not enough and will be rejected when they go through their pre-checks before lodging my tax return. He mentioned the ATO doesn't have the amount of deduction to claim pre-filled. Other than that, he doesn't seem to have experience with.
What I read from a retail fund provider, is they will report to the ATO at the same time they send the acknowledgment and that is how the ATO knows how much will be claimed.
I'm with eSuperfund for my SMSF. I've completed phase 2 of the checklist (they have my NOI and Acknowledgment letter as well) and now waiting for them to lodge the SMSF tax return.
Should I be waiting for eSuperfund to lodge my tax return first? Would ATO then know how much I want claim as a deduction?
I feel like I'm missing a step here? or should I run to another accountant?
Get a new accountant.