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Checklists for Tax Returns

 

Income:

  • PAYG statements (group certificate), pensions, employment termination payments, superannuation statement, etc workers comp and sickness & accident claims
  • Interest Income paid to you by financial institutions
  • Employee Share Scheme Documents
  • Dividend statements
  • Foreign source of income

Supplementary Income Information:

  • Managed investment funds ( Annual taxation statement)
  • Rental property investment ( income and expenses)
  • Capital gain details ( Buy and Sell Documents for property and shares sold during the Finial Year)
  • Business Income and Expenses details if applicable

Deduction:

  • Work related laundry and uniform expenses
  • Union fees
  • Work related expenses car expenses, log book if over 5000 Km
  • tools & equipment, professional fees ( membership, journals,etc) , phone,& Internet,etc
  • Seminar or Conference fees including travel & accommodation
  • Training or refreshment course
  • Protective gear, sunglass, sunscreen or sun hat, etc
  • Gifts and donations
  • Personal super contribution
  • Self-education expenses
  • Home office expenses
  • Cost of managing tax affairs
  • Income protection insurance

 

Tax Return Starts from $99 for Basic Tax Return

 

We Offer Fee from Refund Services

General:

  • Private Health insurance statement
  • Partners income details if applicable
  • Bank account details for refund
  • Last year tax return copy if not done by us
  • Tax file number

 

Investment Properties Checklist:

  • Rental Property Statement if managed by real estate agent
  • Advertising fees
  • Agent management fees & commissions
  • Body Corporate fees
  • Council rates
  • Borrowing expenses
  • Interest paid on mortgage, bank charges
  • Cleaning & gardening expenses
  • Depreciation Schedule/Report done by Quantity Surveyor for building & plants depreciation
  • Insurance ( landlord and building)
  • Land tax paid
  • Mortgage insurance
  • Legal fees
  • Water & electricity expenses
  • Repair, maintenance or impoverishment, renovation expenses

 

Business Expenses that you can Claim

  • Business travel expenses
  • Motor vehicle expenses
  • Salary, wages and super expenses
  • Repairs, maintenance and replacement expenses
  • Home office expenses for a home-based business
  • Operating expenses (rent, advertising, stationary, phone,electricity, etc )
  • Capital assets and expenses

 

 

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