Piggy bank

To support you in getting the most back on your tax for FY15 and as quickly as possible 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.

General

  • Last Year’s Income 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 and evidence of any Centrelink benefits

Income

  • PAYG Summaries
  • Pensions or Government payments/Allowances
  • Interest earned for the relevant year from the banks, building societies etc.
  • Dividend Statements
  • Details of rental property income
  • Details of any business income
  • Details of any other income earned

Expenses

  • Work Related Expenses For example: uniform, tools, education, fees etc.
  • Motor Vehicle Expenses Incl. estimation of Kilometres if no logbook kept, otherwise logbook and all expense items
  • Travel Expenses
  • Investment Expenses For example: bank fees, financial advisors fees, investment borrowings etc.
  • Rental Property Expenses For example: rates, body corp fees, agent fees, interest on loan, repairs and maintenance (inside and out), travel, water rates, depreciation schedule, etc.)
  • Cost of managing tax affairs
  • Charitable donations

If you need further advice around the above tips please do not hesitate to contact Rethink Accounting to answer any questions or make an appointment.

 

*This information is general only. Please consult your accountant to take into account your individual needs.

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