How to Claim Tax Deductions for SMSF Accounting Fees in Australia
Managing your own Self-Managed Super Fund (SMSF) means more control over your retirement savings but also more responsibility. One area trustees often overlook is how to claim SMSF accounting fees as a tax deduction.
At SMSF Depot, we help you handle your SMSF Tax Return accurately while maximising legitimate deductions, especially for administrative and accounting costs.
Are SMSF Admin Costs Tax Deductible in Australia?
Yes, but only if they relate to the ongoing administration of the fund not to setup or investment advice.
According to the Australian Taxation Office (ATO), ongoing costs for SMSF Admin that are incurred wholly in the production of assessable income are deductible. This includes:
Preparation of financial statements
Annual SMSF tax return
Actuarial certificates
Lodgement costs
What Fees Are Not Deductible?
SMSF setup fees
Investment advice unrelated to fund administration
Trustee training
Costs for initial trust deed or amendments not required by law
To ensure correct classification, SMSF Depot’s SMSF Accounting experts categorise all fund-related expenses in line with ATO guidance.
Tips to Maximise Deductions
Keep Receipts & Invoices:
Always document payments for accounting and admin work.
Use a Qualified SMSF Specialist:
SMSF Depot ensures compliance and proper deduction recording.
Separate Personal & Fund Expenses:
Never mix personal services with fund administration.
How SMSF Depot Simplifies Your Deductions
With over a decade of experience supporting trustees across SMSF Australia, SMSF Depot ensures that:
All SMSF Fund accounting costs are correctly documented
Your SMSF Tax Return is ATO-compliant
You never miss a deduction opportunity
Learn more about our SMSF Accounting services
Need help? Contact our SMSF Specialists
Don't Miss Out on Legitimate SMSF Deductions
Tax time doesn’t need to be stressful. By working with SMSF Depot, you stay compliant, efficient, and fully prepared to claim all allowable SMSF accounting expenses. Let us take the stress out of your fund’s admin and returns accurately, professionally, and on time.