Tax Return Checklist
Peter Sheldon Accountants has prepared a checklist to assist you in the compilation of information required when completing preparation of your Income Tax Return.
Bring these documents with you if you have them.
Income
- Payment Summaries
- Lump Sum and Termination Payment Summaries
- Government payment statements, if received
- Interest income from banks and building societies
- Dividend statements for dividends received or reinvested
- Annual Tax Statements from Managed Funds
- Other income: - Business, Foreign Income, Capital Gains, Employee Share Schemes
Rental properties
- Annual Agent summary
- Loan statement showing interest expenses for the year
- Depreciation report
- Expense not paid by e.g. agent-rates, water, body corporate, insurance, repairs.
Deductions
- Work related expenses – any expenses incurred in earning Income, such as:-
- Motor vehicle
- Travel (fares and accommodation)
- Uniforms/work-wear
- Self-education and professional development
- Union, registrations, tools, subscriptions, memberships
- Home office, seminars, conferences
- Telephone, computer, internet
- Donations to charities or building funds
- Income protection insurance
Offsets and Refunds
- Health insurance and rebate entitlement statement
- IAS statements or details of PAYG instalments paid
- Spouse details including taxable and exempt income
- Medical Expense- restricted to disability aids, attendant care or aged care.
- Bank account details - Account Name, BSB and Account number