Individual Tax Return

Individual Tax Return Checklist

Income

  • Payment Summaries, Allowances, Directors Fees & Employment Termination Payments
  • Interest received from a financial institution
  • Dividends and Franking Credits
  • Details of Employee Share Schemes
  • Annual Tax Statement for a Managed Fund
  • Details of Trust or Partnership Distributions
  • Details of Foreign Income received and Tax Credits
  • Details of Assets sold including the purchase contract and the sale contract
  • Details of Government Allowances received

Rental Property

  • Rent received
  • Reimbursements received
  • Insurance claims
  • Advertising
  • Body corporate fees
  • Cleaning
  • Council rates
  • Quantity Surveyor report and associated fee
  • Gardening
  • Insurance
  • Interest & Bank Fees
  • Land tax
  • Legal fees
  • Pest control
  • Real Estate costs
  • Repairs
  • Travel
  • Water
  • Other
  • Details of Assets purchased and Improvements made to the property

Deductions

  • Details of car expenses, kilometres travelled for work can be up to 5,000 or you may be able to claim a portion of all your expenses (a log book is required for this option)
  • Details of work related travel expenses
  • Details of work related uniform expenses
  • Work related self-education expenses
  • Other work related expenses such as tools, registrations, subscriptions, telephone
  • Interest & Dividend deductions
  • Donations
  • Cost of managing tax affairs
  • Personal Superannuation Contributions if less than 10% of your total income is from wages
  • Income Protection costs

Other

  • Child support paid
  • Tax free government pensions received
  • Details of private health insurance
  • Changes to dependants
  • HECS debt details
  • Details of PAYG Instalments paid throughout the year

Business – Sole Trader

  • Income including government industry payments
  • Purchases
  • Closing Stock
  • Subcontractor Expenses
  • Superannuation Expenses
  • Wages
  • Bad Debts
  • Lease Expense
  • Rent Expense
  • Interest Expenses
  • New Assets
  • Motor Vehicle Costs
  • Repairs
  • Telephone
  • Travel
  • Office Costs
  • Replacement Tools
  • Any other expenses

For new clients

  • Prior year tax return