Personal Income Tax Return Checklist

Please use this as a checklist guide and bring all relevant information with you as we cannot be sure if and when the Australian Tax Office Portal will have these details available.

INCOME

  • Income Statements (PAYG Payment Summaries)
  • Lump Sum and Termination Payment Summaries
  • Government Payment statements, if received
  • Bank Statements showing interest received
  • Dividend Statements for Dividends Received or Reinvested
  • Annual Tax Statements from Managed Funds
  • Other income:
    • Rental Property Income and Expenses – Agents Rental Statement, Loan Statements, Council Rates
      Notice, Water Rates, Land Tax, Insurance, Repairs & Maintenance etc. If property purchased during the financial
      year, provide settlement Statement of Adjustments.
    • Business Income and Expenses (Sole Trader)
    • Foreign income
    • Capital Gains – Sale of shares, property etc
    • Employee Share Schemes

 

DEDUCTIONS

  • Work Related Expenses:
    • Motor Vehicle – Petrol, Registration, Insurance, Repairs & Maintenance, Citilink/Eastlink, Parking Fees, Car
      Wash, Finance Contracts and Log-Book completed for a period of 12 continuous weeks, etc
    • Uniforms, Protective Clothing, Footwear
    • Self-Education – Course fees etc (if it relates to your current employment)
    • Union, Tools, Subscriptions, Memberships, Professional Development
    • Home Office – Telephone and Internet charges, Computer/Printer expenses, printing and
      stationery etc.
    • Number of hours worked from home.
    • Any other costs incurred in earning income
  • Donations to charities or Building Funds
  • Income Protection Insurance

 

OFFSETS AND REFUNDS

  • Private Health Insurance and rebate entitlement statement
  • IAS Statements or details of PAYG instalments paid
  • Spouse details including taxable and exempt income
  • Dependent children.

 

TAX REFUNDS –

Please bring your bank account details including the BSB and Account Number with you to your appointment.
If new to the firm, please provide a full copy of the last Tax Return lodged either from your previous Accountant or as lodged by you.