Tax Return CheckList

The following is a brief checklist for information commonly required to prepare income tax returns for this year.
Please ensure that you review the checklist and have all information available when completing your tax returns.

Individual Tax Returns (Income)

• Gross Salary, Wages, Allowances, Benefits, Earnings, Tips and Directors Fees.
• Income from Business Activities.
• Details of any non-cash benefits received.
• Lump sum and termination payments. All documentation should be provided including an ETP Payment Summary from the employer or fund.
• Government Social Security payments, including pensions, unemployment and sickness benefits.
• Details of any CGT asset sales (e.g. shares and real estate). Please include dates of, and costs associated with, acquisition and disposal. (You can save tax if you qualify for the variety of CGT concessions).
• Annuities, including allocated pensions.
• Income from trusts and partnerships. Statements of distribution should be provided where appropriate.
• Rental income
• Interest and dividends received and any tax deducted. Include details of franked dividends.
• Foreign source (employment and pension) income and details of any foreign tax credits.

Deductions

• Investment and property expenses (carefully detail interest & all other expenses)
• Subscriptions, Work tools & Home office expenses
• Employment related Expenditure such as work-related motor vehicle, self-education, protective clothing, tools and uniform expenses
• Donations of $2 and over
• Details of superannuation contributions where tax deduction can be claimed.
• Tax Agent Fees and other accounting/tax audit fees.
• Special deductions (Australian films, investment shelters and agribusiness-type schemes).
• Bank fees (where the credit or deposit represents assessable income).
• Unrecouped prior year losses.

Rebates

• Details of private health insurance, unless your premium is net of the rebate.
• Any changes in dependants (income of spouse should be provided).
• Details of any income received in a lump sum which was accrued in earlier income years (e.g. assessable pensions).
• HECS Debt details

Note: To ensure that you obtain the maximum deductions to which you are entitled and in consideration of the penalty provisions, full details of any claims should be provided and supporting documentation made available.