BUSINESS TAX RETURN CHECKLIST

Access your return faster when you complete this easy checklist.

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Income

Information
Provided
Not
Applicable
If you use cloud accounting software, please send your invitation to add us as accountants (if you haven’t already) to the following address:

Xero Software - xero@kbca.com.au

MYOB Software - myob@kbca.com.au

Intuit Software - intuit@kbca.com.au

Information ProvidedNot Applicable
Copy of files from desktop accounting software. Please provide login, password and software used.


Information ProvidedNot Applicable
Cashbook (if maintained), which includes records of cash taken before the business takings are banked.
Information ProvidedNot Applicable
Copies of purchase/sell notes and settlement statements for investments sold (include original contract notes and settlement statements if possible).
Information ProvidedNot Applicable
Details of any other income, eg rental income, investment income, grants, HIN/SRN or copies of dividend/distribution statements.
Information ProvidedNot Applicable
Details of proceeds from the sale of capital assets or old / written off / obsolete assets (scrapped assets).
Information ProvidedNot Applicable
Managed funds distribution statements, annual tax statements and capital gains statements.
Information ProvidedNot Applicable

Deductions

Details of wages paid during the year including copies of the PAYG Payment Summaries & PAYG Summary Statement (if applicable).
Information ProvidedNot Applicable
Details of bad debts actually written off during the year (provide documentary evidence).
Information ProvidedNot Applicable
Taxable Payments Annual Report (TPAR).
Information ProvidedNot Applicable
Workers Compensation Declaration.
Information ProvidedNot Applicable
Details of entertainment expenses.
Information ProvidedNot Applicable
Details of travel expenses (include travel diaries), particularly for overseas trips.
Information ProvidedNot Applicable
Details of fringe benefits paid on behalf of employees, including any new arrangements for the provision of vehicles available for private use. Copies of logbooks for new and existing vehicles, excluding utility vehicles and trucks (completed within the last 5 years).
Information ProvidedNot Applicable
Details of superannuation contributions for employees & directors, including any unpaid amounts at year end.
Information ProvidedNot Applicable
Details of interest on loans (including explanation of purpose).
Information ProvidedNot Applicable
Details of lease expenses for motor vehicles, premises and equipment.
Information ProvidedNot Applicable
Details relating to legal expenses.
Information ProvidedNot Applicable
Copies of new HP or chattel mortgage agreements & Tax invoices.
Information ProvidedNot Applicable
Details of any significant repairs and maintenance.
Information ProvidedNot Applicable

Balance Sheet

Asset register detailing depreciable assets bought, sold or disposed of during the year and copies of tax invoices.
Information ProvidedNot Applicable
Details of CGT assets purchased or sold during the year, including contract & settlement sheets.
Information ProvidedNot Applicable
Details of work-in-progress.
Information ProvidedNot Applicable
Listing of trade debtors with amounts outstanding as at 30 June 2020 & any details of bad debts or uncollectable amounts.
Information ProvidedNot Applicable
Value of stock as at 30 June 2020 (and basis of valuation).
Information ProvidedNot Applicable
Details of all loans and full financial year bank statements.
Information ProvidedNot Applicable
Listing of trade creditors with amounts owing as at 30 June 2020.
Information ProvidedNot Applicable
Statements from any financer’s detailing the opening and closing balances of existing loans during the financial year.
Information ProvidedNot Applicable
Details of any changes to shareholdings or directorships or new units issued.
Information ProvidedNot Applicable
Details of loans from shareholders or partners.
Information ProvidedNot Applicable
Details of any Annual Leave or LSL due to employees (if applicable).
Information ProvidedNot Applicable

Additional Information

Copy of the Company Constitution, if not already supplied.
Information ProvidedNot Applicable
Copy of the Trust Deed, if not already supplied.
Information ProvidedNot Applicable
Copy of the Partnership Agreement if not already supplied.
Information ProvidedNot Applicable
Copy of the Trust Distribution Advice Minutes (Notification Decision).
Information ProvidedNot Applicable