Information for accountants
Annual reporting for your clients
Did you know?
- an MFR report is not required to meet annual financial reporting obligations
- annual reporting is simpler and easier than an MFR report
- an accountant’s signature is not required for annual reporting
- annual reporting can be submitted online via myQBCC.
An MFR report is only required in certain circumstances.You can check you are giving the right advice. See Annual reporting.
An annual financial report must be submitted by the required reporting day. This can be done online via the myQBCC portal.
If your client does not meet MFR when they lodge, and their turnover is less than $30M per year, the QBCC will give your client until 31 December 2020 to meet the minimum financial requirements.