What paperwork do you need to give us?
We have recently launched an email system for an efficient, convenient, and more affordable way of processing individual returns. While we strongly encourage clients to utilise this sevice we understand that clients will still need to meet with us in order to prepare their income tax returns. Please find below more detail about each option and decide what is best suited to you.
Email Option
If your tax return is relatively simple then this option is the best value and most efficient. If you have access to email and would like to use this option for your tax preparation then register your interest using the 'Email us' button on the top right of our web-page.
Once the ATO pre-filling reports are available (for most this is early August) then we will email you with a draft income tax return containing the information we have already been provided with (this will generally include):
- Salary & wage income
- Superannuation & pension income
- Dividends
- Interest income
- Managed Fund Distributions (not normally available until September/October)
- Private Health Insurance
- HECS Debts
- PAYG Instalments paid
If we prepared your tax return in the prior year we will also email you a check-list of deductions we claimed in that year to use as guide for the current year. You will then need to provide us with your details of your actual deductions and other items that we don't pick up through our ATO reports such as:
- Work related expenses
- Donations
- Capital gains
- Rental income & expenses
Once we receive these details from you via return email, including confirmation of your income, we will finalise your return and then email back to you for your approval with a declaration for you to sign and our invoice.
Tax Return by Appointment
First Step
Make your appointment by calling our Receptionist Theresa on (08) 8357 8188 OR
Click the 'Email Us' button on the Top Right of our Webpage
The following list a guide of potential paperwork you may need:
Income
- PAYG Payment summaries (formerly known as Group Certificates)
- ETP Payment summaries
- Pensions & Superannuation Payment summaries
- Centrelink Payment summaries
- Interest earned
- Dividend statements
- Private Health statement
- Rental income & expense details
- Capital Gain/Loss details e.g. Share & property sales/purchases
- Managed Fund Tax Statements
- Trust Distribution statements
- Partnership income & expense details
- Business income & expense details
- Foreign income
- Any Other income
Deductions
- Travel expenses e.g. Airline/bus tickets related to work travel
- Motor Vehicle expenses e.g. kms traveled and engine size, log book if applicable
- Dry-cleaning or laundry costs associated with protective clothing/uniforms
- Replacement of protective clothing/uniforms
- Self-Education costs
- Union fees
- Other work related expenses including home office, computers, mobiles etc.
- Donations
- Investment expenses including borrowing costs, interest on loans, investment advice fees
- Accounting fees & travel expenses associated with preparation of your tax return
Rebates & Other Items
- Medical expenses (if more than $2,000)
- Medicare Levy exemption details
- Education Tax Refund (if you qualify for Family Payment Part A) details of following expenses:
- Computers, computer related equipment and accessories
- Home internet
- Computer software
- Stationery, textbooks & other learning materials
- Tools of trade
- from 1/7/2011 school-approved uniforms purchased (including hats, footwear and sports uniforms)
- Income Protection insurance
- Number of dependents and their dates of birth
- Spouse's income details
Business Tax Returns
(including Trust, Companies, Partnership & Sole Traders)
Manual Records:
- Bank & Credit Card Statements for the full year
- Cheque Books for full year
- Dividend Statements
- Managed Fund Statements
- Details of Cash income and expenses
- Debtors & Creditors
- Stock on hand at 30 June
- Petty Cash Details
- Copies of BAS/ IAS statements for financial year
Computerised Records:
- Back-up of software data file
- Bank Reconciliation with bank statement for 30 June
- Trial Balance for the year
- Stock on hand at 30 June
- Any cash transactions not entered into software
- Copies of BAS/ IAS statements for financial year
BAS Statement Preparation
Manual records:
- Tax invoices for each expense incurred
- Total receipts for period
- Salary & wages for period
- PAYG Income tax witheld for period
- Bank statements for period
Providing a summary of income and expenses for the period will keep your accounting fees to a minimum. You should show the GST inclusive amount and the GST relating to each transaction as per tax invoice.
Computerised records:
- Bank reconciliation printout
- Bank statements for the period
- PAYG Income tax witheld for period
- GST detail report for the period
- Back-up of software data file
IAS Statement Preparation
- PAYG withholding voluntary payments (if applicable)
- PAYG instalments
- Details of business and investment income for the period
- Supporting documents
Self Managed Super Funds
- Bank statements for the full year
- Dividend statements
- Managed Fund distribution & tax statements
- Unit Trust distributions
- Cheque books
- Details of all contributions
- Buy/ sell contract notes
- Details of all new investments
- Expenses incurred by Trustee on behalf of the super fund
- Rollover statements
- ETP Payment Summaries
