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SMSF Accounting & Tax

Stay ATO compliant with New Wave's Expert Accounting and Tax Services

New Wave SMSF.

Get in touch with our team!

SMSF Tax Return Preparation

At our firm, we provide expert tax preparation services for self managed superannuation funds (SMSFs). Our experienced SMSF accountants are dedicated to ensuring that your fund complies with all relevant tax laws and regulations. We understand that SMSF tax can be a complex and confusing area, which is why we work closely with you to make sure you understand your tax obligations and help you minimize your tax liability.

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Our SMSF tax services include preparing and lodging your annual SMSF tax return, managing tax deductions and offsets, calculating capital gains tax (CGT), managing any tax liabilities, and providing ongoing tax advice to help you maximize your SMSF's financial position.

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With our SMSF tax services, you can have peace of mind knowing that your fund is fully compliant with all tax laws and regulations, and that you are maximizing your tax benefits. Contact us today to learn more about our SMSF tax services and how we can help you achieve your financial goals.

SMSF BAS Preparation

As a self-managed superannuation fund (SMSF) trustee, you have a range of responsibilities, including managing your SMSF's compliance obligations. One of these compliance obligations is to prepare and lodge Business Activity Statements (BAS) and Goods and Services Tax (GST) returns if your SMSF is registered for GST. These tasks can be complex and time-consuming, which is why it's important to work with an experienced SMSF accountant who can provide you with expert guidance and support.

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At New Wave, we offer comprehensive BAS and GST preparation services to SMSF trustees. Our team of experienced SMSF accountants can help you with all aspects of your SMSF's BAS and GST obligations, from preparing and lodging your BAS and GST returns to ensuring that your SMSF is fully compliant with all relevant legislation.

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When you work with us, you can rest assured that your SMSF's BAS and GST obligations are in safe hands. We'll work closely with you to understand your SMSF's specific needs and tailor our services accordingly. So whether you need help with BAS and GST preparation, advice on compliance issues, or ongoing support and guidance, we're here to help.

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Contact us today to find out more about our SMSF accounting and tax services, and how we can help you meet your compliance obligations while maximising your SMSF's potential.

SMSF Tax & Accounting Pricing

At our SMSF accounting firm, we offer competitive pricing for our tax preparation, BAS and GST preparation services for self managed superannuation funds. We understand that managing your SMSF's finances can be a complex and time-consuming task, which is why we offer affordable solutions to ensure your SMSF stays compliant with the ATO.

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Our SMSF tax preparation services are based on the size and complexity of your work, but we will always provide you with an upfront quote. We also offer flexible pricing packages to suit your SMSF's specific needs, so you only pay for the services you require.

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Our experienced SMSF accountants will work closely with you to ensure your SMSF's tax obligations are met in a timely and efficient manner, while also maximising your SMSF's tax benefits. Contact us today to discuss our SMSF tax and BAS and GST preparation pricing options.

Recent News

  • What services do you offer?
    New Wave SMSF financial planners offer a wide range of services to help clients manage their self-managed superannuation funds (SMSFs). Some of the services we offer include: SMSF set-up: An SMSF financial planner can assist clients with the establishment of a new SMSF, including the preparation of trust deeds, appointing trustees, and registering the fund with the Australian Taxation Office (ATO). Investment strategy development: SMSF financial planners can work with clients to develop an investment strategy that is aligned with their financial goals and risk appetite. This includes selecting investment assets, determining asset allocation, and monitoring investment performance. Compliance and administration: SMSF financial planners can help ensure that clients' SMSFs remain compliant with regulatory requirements, including the preparation and lodgement of annual tax returns, financial statements, and other reporting obligations. Retirement planning: SMSF financial planners can help clients plan for their retirement income needs, including determining their retirement goals, estimating retirement expenses, and developing a strategy for drawing down on their SMSF assets. Estate planning: SMSF financial planners can assist clients with estate planning, including the creation of binding death benefit nominations, the establishment of testamentary trusts, and the development of succession plans. Risk management: SMSF financial planners can help clients manage risk within their SMSFs, including insurance needs analysis, the selection of appropriate insurance products, and the development of risk management strategies.It’s a great way to help people navigate your site and can even boost your site’s SEO.
  • Is an SMSF the right choice for me?
    Whether an SMSF is suitable for you depends on various factors such as your financial goals, investment experience, and the time and resources you have available to manage the fund. Our financial planners can help you assess whether an SMSF is the right choice for your individual circumstances. Book in a free 30 Min consult today.
  • What are the investment options available to me in an SMSF?
    SMSFs offer a broad range of investment options, including direct property investments, shares, managed funds, and term deposits. However, trustees need to ensure that their investments are in line with their investment strategy and comply with regulatory requirements. Our Gold Coast SMSF Financial Planners can assist with guiding you towards the right investment strategy
  • How much super is recommended to start an SMSF?
    The amount of money required to start an SMSF will vary depending on your individual circumstances, goals, and investment strategy. While there is no minimum amount required by law to establish an SMSF, most financial experts suggest that you should have at least $200,000 to $500,000 in superannuation savings to make an SMSF cost-effective. Before deciding to start an SMSF, it's recommended to seek professional financial advice to ensure it's the right choice for your individual circumstance
  • What accounting services do you offer?
    New Wave SMSF is a forward thinking accounting firm providing tailored self managed superannuation fund (SMSF) services on the Gold Coast and across Australia. We assist clients with: Accounting, Structuring, SMSF Software, SMSF Setup, Tax, BAS, Compliance, SMSF Bookkeeping and Tax Advice. At New Wave, our mission is to empower, excite and build confidence in SMSF's by providing clarity in their figures.
  • What are the costs involved in setting up an SMSF?
    The costs of setting up an SMSF can vary depending on the complexity of the fund, the number of members, and the services required. Typically, the setup fees can range from $1,000 to $3,000, while ongoing costs can range from $2,000 to $3,000 per year. We can provide you with a fixed fee quote based on the size and complexity of your work.
  • What are the rules and regulations around SMSFs?
    SMSFs are regulated by the Australian Taxation Office (ATO) and must comply with the Superannuation Industry (Supervision) Act 1993 (SIS Act) and the Superannuation Industry (Supervision) Regulations 1994 (SIS Regulations). The rules cover various aspects of SMSF management, including trustee duties, investment restrictions, contribution limits, and reporting requirements.
  • How do I ensure compliance with ATO regulations?
    To ensure compliance with ATO regulations, SMSF trustees need to maintain accurate and up-to-date records, prepare and lodge annual returns, and follow investment restrictions. Engaging an experienced SMSF accountant can help ensure compliance with ATO regulations and provide peace of mind.
  • What are the tax implications of having an SMSF?
    SMSFs enjoy concessional tax treatment, with income earned within the fund taxed at a maximum rate of 15% (or 0% if in pension phase). Additionally, SMSFs may be eligible for capital gains tax (CGT) discounts if assets are held for longer than 12 months. However, there are various tax rules and regulations that SMSF trustees need to be aware of to avoid penalties and fines.
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