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SMSF Accountants Gold Coast

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What is a Self-Managed Super Fund?

Our Gold Coast SMSF accountants can help with you all of your Self Managed Superannuation Funds needs. 

Self Managed Superannuation Funds or SMSF allow an individual or a group of individuals to directly manage how they allocate their superannuation towards investments. Essentially an SMSF is a private super fund that you manage yourself and are different to industry and retail super funds.

Members of a self-managed super fund are also the trustees. This means members run the funds for their own benefit as opposed to outside membership. When running your own SMSF you are responsible for complying with tax and super laws. This can be a daunting prospect, but stress can be alleviated through use of our trusted SMSF accountants here on the Gold Coast.

Everything in one place

At New Wave we understand the importance of saving for your retirement. By having a mixture of financial planning and SMSF accounting under one roof, we can offer a combined service. You should always speak to a financial planner when thinking about a SMSF.

Of course we recommend our own financial planning division who, along with our accounting side can help you best manage your fund.

How can our SMSF accountants assist?

  • Initial SMSF setup
  • Accounting for all members of the SMSF
  • All documentation
  • Annual compliance
  • SMSF tax returns
  • Member reports
  • Assist with audits

Our Gold Coast SMSF accountants work alongside our financial planners and hand over all the information to make sure all reporting on behalf of your fund is correct. Given all services are provided in-house, it makes the process smoother and hassle free for the client as both accounting and financial planning are present in all meetings and can go through individualised client strategies as one cohesive unit.

Starting up an SMSF

We strongly recommend that you seek financial advice from a financial planner to ensure the feasibility of the establishment of an SMSF. If you do not have a financial planner, we can organise a meeting with one of our in-house financial planners at New Wave. Once you are confident that an SMSF is right for you, New Wave can assist with the SMSF setup.
This will include:

  • Establishing a Trust (SMSF) including all registrations and legal documentation.
  • Registering your SMSF with the correct regulatory bodies
  • Assisting you with the rollover from your industry funds
  • Ongoing administration and Tax lodgements.

SMSF ongoing responsibilities and compliance

If you have an SMSF and/or a member of an SMSF, you are responsible for the funds decisions and for compliance. From an accounting and tax point of view, you will be required to ensure that the following takes place each year.

  • You keep all records, documentation, invoices and receipts relating to the transactions that transpire within the financial year.
  • You lodge an SMSF Tax Return to the ATO
  • You engage a third-party auditor to ensure that your transactions are compliant
  • You engage a financial planner where required

New Wave can assist with ensuring we take care of the obligations above.

Why choose New Wave as your SMSF accountants on the Gold Coast?

Our Gold Coast SMSF accountants have the perfect balance when it comes to your business and running that alongside your SMSF. Having financial planners and accountants in the same office gives a streamlined and cohesive approach to managing your wealth, both in business and your personal life.

We join our resources to best serve you as opposed to outsourcing to other companies and having no input to further goal setting and maintenance of your SMSF.

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Get in touch with our team!

Frequently asked questions

Each year, New Wave hosts a Charity Golf Day gathering Gold Coast business owners and professionals together to raise money and support local causes – see video of our latest event below. Our next event is currently scheduled for 2023. If you are interested in attending or want to get involved with sponsorships, get in touch with our office 07 5504 1999.

New Wave Accountants and Business Advisory is a modern accounting firm providing tailored business solutions to businesses on the Gold Coast and across Australia. We assist clients with: Accounting, Business Review, Cloud Software, Business Setup, Tax, BAS Compliance, Business Advisory & Growth, Management Accounting, and Virtual CFO services. At New Wave, our mission is to empower, excite, and build confidence in small businesses by providing clarity in their figures.

We do not currently offer tax returns for individuals only as we primarily support small to medium sized businesses. However, an individual’s tax return will be prepared by us if they have a business structure.

As Business Advisors, we don’t just focus on tax, but look at ‘out of the box’ strategies to start, grow, and scale our client’s businesses. We provide world class communication both internally and towards our clients.

  • We have saved more than $3.5 million in tax for our clients over the last 12 months
  • We are not your Traditional Dinosaur Accountant
  • We don’t charge by the hour
  • We specialise in Small Business

We are RESULTS DRIVEN Accountants. We are passionate about small businesses, and we truly believe we are making a difference through not only changing our clients’ lives but also the lives of our team members. We offer more than just tax but look further into how to improve profits, save tax, and maximise cashflow

Every business is different and therefore has unique requirements. You can start by booking a free initial consultation with one of our Accountants/Business Advisors to help us understand your requirements and come up with a plan to assist you and your business needs. To book a free consultation, please contact our reception on 07 5504 1999.

We understand small businesses and have worked with over 800+ businesses across various industries. We also provide tailored services for specific niches such as Ecommerce, Construction, Medical, and Allied Health.

We offer a $150+GST for 30-minute initial consultation with one of our Accountants / Business Advisors. To book, please contact our reception on 07 5504 1999.

Our Location

08:00am - 05:00pm (Weekdays)

Have an Enquiry?

Please fill out the form and one of our team will be in touch with you as soon as possible.
Newwave Accounting

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