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Checklist
TAXATION
RETURN CHECKLIST
Here’s a guide for what to
bring with you to our meeting.
INCOME
- SALARY OR WAGES - PAYG payment summaries
(group certificates)
- ALLOWANCES, TIPS, DIRECTORS FEES, WORKERS
COMPENSATION – provide details
- ETP (Eligible Termination Payment) –
ETP Summary from employer or super fund
- PENSIONS AND BENEFITS - statements of Australian
and overseas pensions
- PARTNERSHIP INCOME (TRUSTS, ESTATES ETC)
- MANAGED INVESTMENT FUNDS – annual tax
statements of dividends / distributions and withdrawals /
commutations
- SHARE DIVIDENDS – dividend advice slips
and dividend reinvestment notices
- BANK AND BOND INTEREST
- OTHER INCOME
- RENTAL INCOME AND EXPENSES - annual/monthly
rental statement summaries for each property. And list of
expenses incurred
- SALE OF ASSETS – property, shares,
collectibles and other growth investments may incur a capital
gains tax. Sale value, purchase value, date of purchase and
list of capital expenses incurred at purchase, during and
at sale required.
DEDUCTIONS-
RELATING TO SALARY AND WAGES
Receipts should be provided. All employment
related claims must be substantiated (by receipts/tax invoices)
if your total claim exceeds $300.
- WORK RELATED MOTOR VEHICLE EXPENSES
- Details of car (make/model, rego number,
purchase date, cost, engine size, odometer readings), Logbook
(if traveled over 5000 kms for work) Details of costs (petrol,
repairs, tolls, parking, leasing rentals, insurance, other
expenses)
- REGISTERED, CORPORATE OR COMPULSORY UNIFORMS
AND PROTECTIVE CLOTHING (costs of purchase and maintenance)
- SELF EDUCATION EXPENSES (including costs
of institution, book, tuition, travel, HECS)
- UNION FEES AND PROFESSIONAL SUBSCRIPTIONS
- TRADE JOURNALS AND PUBLICATIONS
- PHONE EXPENSES – amounts and percentage
of use for business purposes
- OTHER WORK RELATED EXPENSES
DEDUCTIONS:
OTHER
- GIFTS TO CHARITIES, APPROVED BUILDING FUNDS,
POLITICAL
- PARTY SUBSCRIPTION OR DONATION ETC
- NON EMPLOYER SPONSORED SUPERANNUATION CONTRIBUTIONS
(including co-contributions, spouse contributions)
- SICKNESS AND ACCIDENT INSURANCE (income protection
cover)
- OTHER DEDUCTIONS
OTHER
INFORMATION
- HEALTH COVER – annual statement from
health fund
- FAMILY TAX BENEFIT – details of benefits
received, spouse and children’s details
- BABY BONUS – name of child(ren) born
in the last financial year
- INSTALMENT ACTIVITY STATEMENTS
- TAX REBATES AND OFFSETS
- MEDICAL EXPENSE REBATE - receipts of all medical
expenses (after health fund reimbursements) in excess of $1,500
- ZONE REBATES
- SPOUSE REBATE
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