Note: We are currently at capacity and will not be able to take on new clients.
Individual Tax Return Checklist
Personal Details
- Tax file number
- ID – passport, drivers license, etc
- Bank details – BSB, account number
- Previous year’s income tax return if new clients
- Spouse taxable income if not our client
Income/Earnings Documents
- Payment Summaries/ Income Statement
- Lump Sum and Termination Payment Summaries
- Government payment statements, if received
- Interest income from banks
- Dividend statements for dividends received or reinvested
- Annual Tax Statements from Managed Funds
- Rental properties
- Business
- Foreign income
- Capital gains
- Employee share schemes
- Partnership & trust distributions
- Managed fund statements
- Sole trader (ABN) income
Offsets and Refunds
- Spouse details including taxable income
- Private health insurance statement
Work Related Deductions
- Car Expenses
- Clothing and uniform expenses (including footwear)
- First aid courses
- Home office expenses
- Laundry and maintenance
- Newspapers and other news services, magazines and professional publications
- Parking fees and tolls
- Phone, data and internet expenses
- Self-education and study expenses
- Seminars, conferences and training courses
- Taxi, ride-share, public transport and car hire
- Tools and equipment
- Travel expenses
- Union and professional association fees
- Asset purchase details – Computer, tools, equipment, etc
Other Deductions
- Accounting or tax agents fee
- Donations to charity organisation
- Investment related expenses
- Income protection insurance
- Superannuation contribution if self-employed
- Sole trader (ABN) expenses
Rental Property
Rental Property
If a rental property was purchased during the year
- Date the property was first available for rent
- Copy of loan documentation detailing amounts paid in loan establishment fees, mortgage stamp duty etc.
If a rental property was sold during the year
- Date contract signed
- Copies of settlement documentation
- Details of the original purchase, including date contract was signed and settlement statement
For all properties rented during the year
Rental Income
- Property Agent End of Year Statement
Rental Expenses
- Advertising for tenants
- Body Corporate fees
- Borrowing expenses
- Cleaning
- Council rates
- Gardening
- Insurance
- Interest on loan
- Land tax
- Legal fees
- Pest control
- Property Agent Fee
- Repairs and maintenance
- Water
- Other/ Sundry expenses