Please collect your receipts, tax invoices and documents for the items below – check them off when you’ve found them – this will make your tax return appointment faster and easier. If you would prefer to print it out, you can download it here. Advanced Tax Checklist
Investment related deductions
- Interest / fees on borrowing for investment purposes (bring statements)
- Asset purchase/sale agreements
Employment income deductions
- List of work related expenses from ATO i.e. tools, income protection insurance
- Receipts or evidence of work related deductions eg: car, travel, laundry, meals
- Union fees
Offsets
- Dependants – name, DOB, and legal responsibilities
- Zone – if you live in a remote area you may be eligible for an offset
- Sole parent/spouse/housekeeper/low income/aged persons
- Spouse contributions to superannuation
- Superannuation pension rebates
- Private health insurance statement
- Medical receipts (if spent more than $2,120)
- Imputation credit information from dividend
- Statements
Investment property
- Water charges
- Bank fees
- Details of when property was rented, including any rental or Agents statements
- Date when property was purchased
- Capital costs
- Interest on loans
- Advertising fees
- Agent fees
- Body corporate fees
- Borrowing expenses
- Cleaning and general maintenance expenses
- Council rates
- Gardening/lawn mowing fees
- Insurance premiums paid
- Land tax details
Income earned statements
- Foreign sourced income
- Partnership distribution
- Rental Income
- Deductible amount for pension/annuities
- Payment summaries
- Capital Gains Tax statements (details of any assets sold)
- Lump sum payments eg: Eligible Termination
- Payment statements
- Social security, pensions, allowance statements
- Trust distribution statements
- Tax statements from Fund managers
- Bank statements – showing interest and fees
- Share dividend statements
- Contract notes for buy/sell transactions
- Tax statements from stockbrokers
- Income stream statements
- Life insurance Bonus Policy statements
Other deductions
- Tax Agent Fees
- Superannuation if self employed
- Receipts of gifts/donations to charity
- Receipts of self-education expenses eg: books, computer costs, car expenses
- Financing lease statements
- Income Protection premiums (bring statements)
Other useful information
- Credit card statement
- Bank statements (with account name and number,
- BSB number)
- Cheque butts
- Loan statements
- Previous year’s accountant’s fees
- Last year’s tax return
- Prior year tax losses
- Any tax credit vouchers
Dependants Details
- Baby Bonus – Baby’s Name & DOB, if you had or gained legal responsibility of a child under five (after 30 June 2001)
- Amount of Family Tax Benefit received fortnightly
For new clients…
- Last year’s Income Tax Assessment
- Your ABN
- Any PAYG Instalments paid
If you have issues with any of the items – your Easy Tax Accountant will answer any questions you have.