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
- Rental Property Income and Expenses – Agents Rental Statement, Loan Statements, Council Rates
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
- Motor Vehicle – Petrol, Registration, Insurance, Repairs & Maintenance, Citilink/Eastlink, Parking Fees, Car
- 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.
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