INDIVIDUAL TAX RETURN CHECKLIST

Complete this checklist to give us a better understanding of your situation.

 


Income

Information
Provided
Not
Applicable
PAYG summaries from employers, Centrelink and/or superannuation funds.
Information ProvidedNot Applicable
Bank statements detailing interest earned.
Information ProvidedNot Applicable
Dividend statements & Employment Share Scheme (ESS) Statements.
Information ProvidedNot Applicable
Lump sum payments (e.g. Employment Termination Payment).
Information ProvidedNot Applicable
Managed fund annual tax statement and capital gains tax statement.
Information ProvidedNot Applicable
Partnership distribution statement, including a copy of the partnership’s tax Return.
Information ProvidedNot Applicable
Trust distribution statement, including a copy of the trust’s tax return.
Information ProvidedNot Applicable
Buy/sell contract notes for investments.
Information ProvidedNot Applicable

Work-related Deductions

Work related motor vehicle use (details of work related km’s travelled during year or expenses incurred if using log book method and a copy of the logbook that is less than 5 years old) & engine capacity.
Information ProvidedNot Applicable
Receipts or evidence of work-related deductions such as protective clothing, uniform expenses, stationary, travel & tools.
Information ProvidedNot Applicable
Receipts for self-education expenses, continuing professional development courses and seminars.
Information ProvidedNot Applicable
Professional journals, magazines, memberships & subscriptions.
Information ProvidedNot Applicable
Details of depreciable assets bought during the year (e.g. laptops).
Information ProvidedNot Applicable

Other Deductions

Receipts for donations of $2 and over to registered charities (Bushfire / Flood tin collection).
Information ProvidedNot Applicable
Expenditure incurred in managing tax affairs (e.g. tax agent’s fees).
Information ProvidedNot Applicable
Expenditure incurred in earning investment income.
Information ProvidedNot Applicable

Rental Properties

Annual statement from property agent (if engaging the services of an agent).
Information ProvidedNot Applicable
Records detailing rental income (if not engaging the services of an agent).
Information ProvidedNot Applicable
Date of when property was purchased (exchange of contract date).
Information ProvidedNot Applicable
Details of depreciable assets bought or disposed during the year and/or a copy of the quantity surveyors report.
Information ProvidedNot Applicable
Expenses incurred, (which are not detailed on the property agent annual statement) such as water charges, land tax and insurance premiums.
Information ProvidedNot Applicable
If property is held by more than one individual, details of owners and their legal ownership percentage.
Information ProvidedNot Applicable
If property was disposed of during the income year, information relating to dates and costs associated with the acquisition and disposal of the property (exchange date not settlement date) e.g. Settlement Sheets.
Information ProvidedNot Applicable
Loan statements for property showing interest paid for the income year.
Information ProvidedNot Applicable
Period the property was available for rent during the income year.
Information ProvidedNot Applicable

Offsets / Rebates

Details of any superannuation contributions for spouse.
Information ProvidedNot Applicable
Details of medical expenses. From 1 July 2015 claims under this offset are limited to net eligible expenses for disability aids, attendant care or aged care.
Information ProvidedNot Applicable
Private health insurance annual statement.
Information ProvidedNot Applicable

If Operating as a Sole Trader

Cashbook, which includes records of cash taken before the business takings are banked.
Information ProvidedNot 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

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





Information ProvidedNot Applicable
Copies of PAYG payment summaries and annual statement for employees.
Information ProvidedNot Applicable
Details of any government grants, rebates or payments received.
Information ProvidedNot Applicable
Details of superannuation contributions for employees.
Information ProvidedNot Applicable
Statements for all bank accounts and liabilities of the business (loans).
Information ProvidedNot Applicable
Copies of any finance contracts.
Information ProvidedNot Applicable
Details of any depreciable assets purchased (eg motor vehicles, computers, etc).
Information ProvidedNot Applicable
Superannuation contributions for self-employed persons, including fund acknowledgement of intent to claim a tax deduction.
Information ProvidedNot Applicable


Additional Information

  • Total child support payments made during the financial year.
  • Spouse income (if only completing your tax return) taxable income, reportable fringe benefits, reportable superannuation, financial investment or rental property losses.
  • Complete bank details on page 1 (for refunds - if applicable).
  • Confirm number of dependents < 25 years if full time students & living at home.