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Monday 1 July 2013

Tax Time 2013! Individual Tax Return Checklist - Basic

 
This blog post contains a checklist for tax clients booked in to get their tax prepared by a CPA. If you don't have all of the documents, don't worry, we will be able to gather your relevant information from the ATO's database.
 
GENERAL

·        Last Year’s Income Tax Return
 
·        Private Health Insurance Details

·        Spouse Income

·        Children’s details including D.O.B and Centrelink benefits

·        Records of sales and purchases of any shares, business or property

·        Out of pocket medical expenses if over $2,120

·        HELP & SFSS Balances
 
INCOME

·        PAYG Summaries

·        Pensions or Government payments/Allowances

·        Bank Interest

·        Dividend Statements

·        Rental Property Income

·        Business Income

·        Any  other Income

EXPENSES

·        Work-related expenses

o   Uniform

o   Mobile phone

o   Union fees

o   Memberships

o   Stationary

o   Seminars

o   Tools

o   Laptop

o   Internet

o   Home-office

·        Rental Property Expenses

o   Rates
o   Body corp fees
o   Agent fees
o   Loan interest
o   Repairs & maintenance
o   Travel
o   Water Rates
o   Depreciation schedule
o   Gardening & lawn mowing
·        Donations
·        Costs of managing last Tax Return
·        Travel & Motor Vehicle Expenses
·        Work-related Education Expenses
·        Investment Expenses
o   Bank fees, financial advisors fees, investment borrowings etc

MAKE SURE YOU TAKE YOUR BANK ACCOUNT DETAILS FOR YOUR TAX REFUND TO BE PAID INTO.

Please collect your receipts, tax invoices and documents for the above items and take them to your tax appointment.
 
 
Contact us today to book a tax appointment with a CPA.
 
Flinders Accounting
& Business Services
08 7001 1627
541 South Road Ashford
 
 

 

1 comment:

  1. I am really glad that I have found this post and I thank you for letting us know about this information….This is a big help for sure!!Thanks!
    International Tax Planning

    ReplyDelete