SMSF Accounting & Tax Services
Specialist SMSF accountants managing your fund's tax returns, financial statements, pension administration, and ATO compliance. Accurate, on time, and built around your fund's specific needs.
Expert SMSF Accounting & Tax Support
Managing an SMSF well goes far beyond lodging an annual return. For business owners and high net worth individuals, superannuation is one of the most powerful wealth-building tools available, and the accounting behind your fund should reflect that.
At New Wave SMSF, we take an advisory-led approach to SMSF accounting and tax. That means we are not simply processing your fund’s numbers at year end. We are actively looking at your contribution opportunities, your tax position, your asset structure, and how your fund connects to your business and personal wealth plan throughout the year.
Our accounting team works alongside your financial planner and legal adviser within the same firm, so every accounting decision is informed by your broader strategy and nothing falls through the gaps.
This information is general in nature. For advice specific to your circumstances, please speak with one of our qualified advisers.
What's Included in Our SMSF Accounting and Tax Service
We provide end-to-end accounting and tax support for self-managed super funds of every size and complexity.
Our services cover:
SMSF Establishment
and
Structuring
We set up your fund correctly from day one, advising on corporate versus individual trustee structures and ensuring your deed and registrations are fully compliant with ATO requirements.
Annual Financial Statements and Member Statements
We prepare your fund’s annual financial statements and member statements accurately and on time, giving you and your members a clear picture of the fund’s financial position each year.
SMSF Income
Tax Returns
and BAS
Lodgement
We prepare and lodge your SMSF’s annual income tax return and, where applicable, business activity statements, ensuring every figure is correctly calculated and filed by the due date.
Bookkeeping
and Ongoing
Fund Administration
We provide ongoing bookkeeping and fund administration support throughout the year, keeping your records current and your fund ready for year-end at all times.
Contribution and Rollover Processing
We process and report all contributions and rollovers, ensuring correct treatment of concessional and non-concessional amounts and accurate reporting to the ATO.
Pension Commencement and Administration
We handle pension commencement documentation and ongoing pension administration, including minimum payment calculations and supporting your transition to retirement or retirement phase pension.
Transfer Balance Account Reporting (TBAR)
We manage your Transfer Balance Account Reporting obligations, ensuring timely and accurate reporting of all events that affect your transfer balance cap.
ATO Correspondence and Ruling Applications
We manage all ATO correspondence on behalf of your fund and, where needed, prepare and lodge private binding ruling applications to seek clarity on complex matters.
LRBA Accounting
We handle the accounting for Limited Recourse Borrowing Arrangements, including loan account management, interest recording, and correct treatment of the bare trust structure.
In-Specie Contributions and Transfers
We manage the accounting for in-specie contributions and asset transfers into your fund, ensuring correct valuation and ATO reporting treatment at every stage.
Cryptocurrency Holdings Reporting and CGT
We account for cryptocurrency and digital asset holdings within your SMSF, including cost base tracking, capital gains tax calculations, and correct disclosure in your annual return.
Why Professional SMSF Accounting Matters
Your SMSF’s accounting position affects every strategic decision you make inside the fund. How contributions are structured, when CGT events are triggered, how pension payments are managed, and how your fund’s tax position interacts with your personal and business income are all accounting decisions with real strategic consequences.
Working with an adviser who understands both the accounting and the strategy means those decisions are made with the full picture in view, not in isolation at year end.
For business owners in particular, the interaction between your business income, your contribution strategy, and your fund’s tax position creates significant opportunities that a compliance-focused accountant will never identify. We are built to find and act on those opportunities on your behalf.
Having specialist SMSF accounting advice in your corner helps ensure:
- Your contribution strategy is maximised in line with your income and goals
- Your fund’s tax position is actively managed throughout the year
- CGT events are planned and timed to minimise your fund’s tax liability
- Your accounting is always connected to your broader financial strategy
- Your fund meets all its obligations accurately and on time
- Your SMSF and your business work together as part of a coordinated plan
Who This Service Is For
Our SMSF accounting and tax services are designed for trustees who want professional support managing their fund’s compliance obligations.
This service is the right fit if you are:
A Business Owner with an Existing SMSF
You have a fund set up, contributions going in each year, and annual compliance getting done. But your accounting and financial planning have never been truly connected. We bring both together under one roof.
A Trustee Who Has Fallen Behind or Changed Structure
If your fund’s records are not up to date, you have recently wound back a pension, or you are unsure whether your current accounting is ATO-ready, we provide a full compliance review and bring everything back to standard.
An SMSF Investor Holding Complex Assets
If your fund holds property, shares, cryptocurrency, or operates a borrowing arrangement, accurate CGT tracking and investment reporting is critical. We ensure every transaction is recorded correctly and your tax position is optimised at year end.
Someone Setting Up a New SMSF
If you are considering establishing a self-managed super fund, we will guide you through the trustee structure, trust deed, and registration process to ensure your fund is set up correctly from the start.
The New Wave SMSF Difference
Most SMSF accounting firms focus on compliance and little else. At New Wave SMSF, accounting is one part of a fully integrated service.
Your Accountant and Financial Planner Work Together
When your tax strategy and your investment strategy are managed separately, the gaps between them cost you money. At New Wave, your SMSF accountant works alongside your financial planner within the same firm, so every accounting decision supports your broader wealth plan.
Strategy and Compliance, Together
We do not treat compliance as a once-a-year box-ticking exercise. We take a proactive approach throughout the year, identifying opportunities to optimise contributions, manage CGT events, and reduce your fund’s tax liability, all while keeping your fund fully compliant at every step.
Specialists in Complex SMSFs
From LRBAs and in-specie transfers to cryptocurrency reporting and pension phase transitions, we have deep expertise in the areas that generalist accountants often get wrong. If your fund has complexity, we are built for it.
Speak With an SMSF Accounting Specialist
Ensure your Self Managed Super Fund remains compliant and professionally managed with expert SMSF accounting support.
What Our Clients Say
We are proud to support SMSF trustees and individuals with professional accounting and financial services.
Have a Question About SMSF Accounting?
If you need assistance with SMSF tax returns, financial reporting, or compliance obligations, our team is here to help.
Disclaimer
This information is general in nature and does not constitute financial or legal advice. SMSF accounting and tax services are delivered by New Wave Accountants and Business Advisory. New Wave Financial Planning Pty Ltd is an Authorised Representative of NWG Financial Services, AFS Licence No. 538619. For advice specific to your circumstances, please speak with a qualified adviser before acting on any information contained on this page.