Tax Return Checklist

End of Year
Tax Return Checklist

Your Checklist
• Claims for deductions
• Receipts for deductions
• Car claims and log books
• Car record keeping

Please review the information below and contact our office if you need assistance.


Information Required

We will need you to bring information to assist us in preparing your income tax return.
Please check the following and bring along payment summaries, statements, accounts, receipts, etc., to help us prepare the return.

Income/Receipts:

payment summaries for salary and wages;
lump sum and termination payments;
government pensions and allowances;
other pensions and/or annuities;
allowances (e.g., entertainment, car, tools);
interest, rent and dividends;
distributions from partnerships or trusts;
details of any assets sold that were either used for income earning purposes or which may be caught by capital gains tax.

 Deductions (in addition to those mentioned above):

award transport allowance claims;
bank and government charges on deposits of income, and deductible expenditure;
bridge/road tolls (travelling on business);
car parking (when travelling on business);
conventions, conferences and seminars;
depreciation of library, tools, business equipment, incl. portion of home computer;
gifts or donations;
home office running expenses:
cleaning
cooling and heating
depreciation of office furniture
telephone;
interest and dividend deductions:
account keeping fees
ongoing management fees
interest on borrowings to acquire shares
advice relating to changing investments (but not setting them up);
interest on loans to purchase equipment or income earning investments;
motor vehicle expenses (business/work related);
overtime meal allowances;
superannuation contributions by sole traders or substantially unsupported taxpayers;
sun protection items;
telephone expenses (business);
tools of trade

Rental property expenses – including:

advertising expenses
council/water rates
insurance
interest
land tax
legal expenses/management fees
genuine repairs and maintenance
telephone expenses
travel to inspect property

 


For Business Clients we will also need you to bring the following:

  • Stocktake Details
  • Debtors Listing at 30 June and bad debts to be written off
  • Creditors Listing at 30 June
  • Loan Statements
  • Plant, Equipment and Motor Vehicle purchase details for the current year