Tax Checklist
Tax season can be confusing. Luckily, by making use of an expert tax accountant, your tax return amount will be the best it can possibly be. We’ve made it even easier by creating this checklist for you.
Income deductions (These are all your work-related expenses)
Make sure to have your –
- Interest income from banks and building societies
- Dividend statements for dividends received or reinvested
- Annual Tax Statements from Managed Funds
- Motor vehicle expenses, if you used it for work purposes
- Travel (fares, accommodation and incidentals)
- Uniforms/work-wear
- Self-education and professional development
- Union, registrations, tools, subscriptions, memberships
- Home office expenses including telephone and internet, or a diary of your hours
- Seminars, conferences
OTHER INCOME
- Rental property income and expenses
- Business income and expenses
- Foreign income capital gains
- Employee share schemes
Any other costs incurred such as donations and prior year tax agent fees if you did not use us.
Offsets and Returns
- Health insurance and rebate entitlement statement
- IAS statements or details of PAYG instalments paid
- Spouse details including taxable and exempt income
Book a consultation with a professional
If you are completing a tax return as a business, remember to keep your personal and business expenses separate. This will simplify your tax return process. For more on this point and 11 other top tips to help your small business, read this insightful article.
Our team of trusted tax return agents is ready to help you get the most you possibly can. My Tax Accountant is an affordable tax consultant service, that specialises in tax returns in Melbourne and across Australia. Contact a member of our team today.