info@wollongongtaxservices.com.au
+61 02 4226 5333
Obviously, we’re all different but it is possible to generalise
about the sorts of documents you might want to pull together before
you start the tax return process. Not all of these will apply to
everyone, these are just general guidelines:
•
Copy of last year’s tax return
•
Records of sales and purchases of any shares, business or
property
•
Private Health Insurance Details
•
Spouse Details
•
Children’s details including D.O.B
Income
•
Payment Summaries for any jobs you have had over the last
year
•
Bank interest statements setting out amounts of bank interest
received
•
Pensions or Government payments
•
Superannuation lump sum payments
•
Allowances (Car, travel, entertainment, meals etc.)
•
Employee share schemes
•
Dividend Statements
•
Foreign income
•
Rental property income
•
Business income
•
Any other income earned
Expenses
•
Work Related Expenses:
o
Motor vehicle incl. estimation of kilometers if no logbook
kept, otherwise logbook and expense details
o
Travel (fares and accommodation)
o
Uniforms/work-wear
o
Self-education and professional development (seminars,
conferences, etc.)
o
Union fees, registrations, subscriptions, memberships
o
Home office costs
o
Telephone, computer, internet fees
•
Any other costs incurred earning income
•
Income Protection insurance
•
Details of any assets purchases (with split between work and
private use)
•
Investment expenses, for example: bank fees, financial
advisors fees, investment borrowings etc.
•
Rental property expenses For example: rates, body corporate
fees, agent fees, interest on loans, repairs and maintenance (inside
and out), travel, water rates, depreciation schedule, etc.)
•
Cost of managing tax affairs
•
Charitable donations over $2
And don’t forget!
The Tax Office no longer issues refunds by cheque so you must
provide your bank account details, including the BSB and account
number on your return.