Simplify Your SMSF Accounting & Compliance
We are a reliable team of Chartered accountants who specialise in SMSF accounting services.
Whether it's navigating the SMSF application process, compiling and submitting SMSF tax returns or ensuring your SMSF tax return is audited and compliant with the ATO requirements, our team of accountants can provide you with expert service for any SMSF asset class including property, crypto, gold, shares and more.
Our SMSF accountants Australia specialise in tax and accounting services as well as SMSF auditing.
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Frequently Asked Questions
How much does an accountant charge for SMSF?
SMSF accounting fees vary, but most firms charge between $1,000–$3,000 annually depending on complexity. At New Venture Wealth, packages start from $1,199 per year for established SMSFs transferring to us, or $175 per month for ongoing accounting, tax, and audit services. A one-off setup fee of $874 (plus $576 government/ASIC fees) applies for new SMSFs, reimbursable from your super balance once the fund is established.
Do I need an accountant for SMSF?
While it’s possible to self-manage, engaging an SMSF accountant ensures ATO compliance and reduces audit risk. SMSF specialist accountants also prepare annual financial statements and tax returns, saving you time.
Who can help me with SMSF?
SMSF accountants and auditors registered with the Australian Taxation Office can guide you through setup, compliance, and investments. New Venture Wealth offers a free SMSF consultation to assess your needs and connect you with the best SMSF accountants near me.
Do I need a financial advisor to set up an SMSF?
You don’t legally require a financial advisor to establish an SMSF, but professional advice ensures your fund meets ATO regulations and aligns with your goals. An SMSF specialist advisor can optimise tax and investment strategies. See ASIC Moneysmart for independent guidance.
Can a Self Managed Super Fund Purchase Property?
Yes, SMSFs can buy residential or commercial property under a strict investment strategy and borrowing rules (LRBAs) set by the ATO. Ensure you follow in-house asset and related-party transaction restrictions. The best SMSF advisers can guide you through compliance and setup.
How to set up a Self Managed Super Fund?
Setting up an SMSF involves creating a trust, appointing trustees, preparing a trust deed, and registering with the ATO. You must also open a dedicated bank account and develop an investment strategy. SMSF accountants in Melbourne, like New Venture Wealth, can manage the process and ensure compliance.
What is an SMSF Investment Strategy?
An SMSF investment strategy is a legally required document outlining your fund’s investment objectives, asset allocation, risk tolerance, and diversification approach. It must consider member circumstances, liquidity needs, and compliance requirements under superannuation law. New Venture Wealth helps ensure your investment strategy meets ATO requirements while supporting investments in property, shares, cryptocurrency, and other permitted assets through proper documentation and compliance.
Why use New Venture Wealth for your SMSF?
New Venture Wealth combines competitive pricing with specialist SMSF expertise and no lock-in contracts. New SMSFs incur a $874 setup fee (plus $576 government/ASIC fees). Ongoing accounting and audit services are $175 per month, covering annual financial statements, tax returns, member statements, and an external SMSF audit. Our chartered accountants exclusively focus on SMSFs, providing deep knowledge in cryptocurrency, property, and complex investments that generalist accountants often lack. We offer transparent pricing, fast setup (24-48 hours), and personalised support through dedicated consultants and free SMSF accountants near me.
What do we do at New Venture Wealth?
New Venture Wealth provides complete Self-Managed Super Fund setup, accounting, auditing, and compliance services. We handle SMSF fund establishment ($874 setup fee plus $576 government/ASIC fees), reimbursable from your super balance once the fund is established. Ongoing services include monthly accounting ($175), annual tax returns, member statements, and independent auditing. Our cheap SMSF accountant serves clients nationwide with transparent pricing, no lock-in contracts, and free consultations.
What can I claim for my car costs at tax time?
For personal tax returns, you can claim car expenses using either the cents per kilometre method (88 cents per km for 2024-25) or the logbook method for actual expenses. Deductible costs include fuel, registration, insurance, repairs, and depreciation for work-related travel.
Book a Free Consultation
We provide a FREE 30 minute online SMSF consultation to help you discover how to set up a self managed super fund.
Book in a time for your free SMSF Consult with one of our account managers who will be happy to answer any queries you have about setting up your new SMSF