SMSF Tax Return

Price

Price depends on your specific situation and is impacted by factors such as complexity of your investment affairs, completeness of data, compilation of data, number of different accounts, wallets and exchanges, types of transactions, number of investments traded, and timeliness of advice and assistance sort.

Our SMSF pricing generally begins at:

• $2,750 incl. GST per annum for modest affairs;
• $6,600 incl. GST per annum for intermediate affairs*; and
• $12,000 incl. GST per annum for complex affairs*.

* Intermediate and complex affairs typically involve exotic investments such as derivatives, cryptocurrency, NFTs, DeFi, collectables and real estate with limited recourse borrowing arrangements.

Ultimately, the price is determined on a case-by-case basis and we can provide a specific quote in due course (after receiving all source information), giving you a clear understanding of the price before proceeding with tax return preparation services.

Information We Need

The following information is what we need to prepare a quote and your tax return:

1. Copy of most recently lodged tax return.
2. Copy of most recently completed financial statements.
3. Bank statements.
4. Invoices for all expenditure.
5. Investment trading account statements:
   • You can usually download an End of Financial Year Report from your broker which shows shares owned at 30 June, and all your purchases and sales throughout the year.
   • If you sold shares purchased in a previous financial year, we will also need the prior years’ acquisition transactions.
6. Rental property statements and associated expenses.
7. Real estate acquisitions and disposals:
   • Contract / Offer & Acceptance.
   • Final Settlement Statement.
8. If cryptocurrency is involved:
   • A spreadsheet record of each cryptocurrency you currently own (i.e. the ticker such as BTC, ETH) and the quantity held today (or 30 June if you have an exact record).
     • Here is a template.
     • It can also be helpful to include a column for the location of the crypto (i.e. wallet/exchange) and the quantity at each location.
     • If you have NFTs, then include the description, token ID, location (i.e. wallet/exchange), relevant blockchain (e.g. Ethereum/Solana/Binance Smart Chain) and acquisition transaction hash.
     • We also need screenshots of your exchange/wallet after login, showing the crypto, the quantity and the date.
   • A list of each exchange and wallet you have used throughout the period.
     • Here is a template.
     • For each wallet, the record must include all the relevant blockchains (e.g. Ethereum, Binance Smart Chain, Polygon).
     • Also, for each exchange/wallet, list the types of transactions which have occurred (e.g. spot trading, futures trading, margin trading, earn/interest accounts, staking, liquidity pools, farming, mining, borrowings, gaming, etc).
   • All CSV/Spreadsheet file exports from your exchanges and wallets revealing all your trades, deposits and withdrawals up to today (or 30 June if you have those holding records).
   • All read–only API Keys and Secrets for your exchanges.
     • If you require assistance with gathering data from your exchanges/wallets, such as instructions for how to get CSV Exports/Setup APIs, then please let us know.
   • If there is missing information, please provide as much detail as possible with respect to missing transaction data.
     • Such as what transaction details do you know are missing and what cryptocurrency were traded/mined/staked/earnt/sold/lost (coin ticker, approx. date and quantities).
     • The more detailed information you provide, the easier it will be to account for missing trade data.
   • Records of anything else related to cryptocurrency that we need to know. For example:
     • • Hardware wallet costs.
       • Mining/Staking costs.
       • Trading subscriptions.
       • Trading advice fees.
9. Other investments:
   • Acquisitions and disposals.
   • Ownership details as at 30 June for each investment, including evidence to substantiate ownership.
   • Valuation for each investment, including evidence to substantiate the value.
10. Anything else which we need and should know about your SMSF tax affairs.

You may provide this information by email, or alternatively you can upload to our secure client account facility. If you would like to use the client account facility, then please let us know and we will arrange for a team member to setup your account.