tax-return-documents-checklist

Individual Checklist

 

Below is the checklist in summary form. You can print this list direct from your web browser. For a more comprehensive version you can download our “Year End Checklist” by clicking the download button below. The document is in PDF format so you require the correct software to open and read the file.

 

 

To help get prepared for the Tax season, the following information will be required to prepare an individual tax return.

Income

  1. Copy of PAYG Payment Summaries from employers
  2. Copy of PAYG Payment Summaries from Centrelink
  3. Copy of PAYG Payment Summaries from Superannuation Funds if you pulled money out
  4. Eligible Termination Payment Summaries from redundancies
  5. Interest earned on all your bank accounts
  6. Dividends received on any shares you hold orheld
  7. Distributions from Trusts or Partnerships
  8. Details of any capital gains events throughout the year, eg if you sold shares or a rental property
  9. Rental income on all rental properties

 

Expenses

  1. Work related car expenses
  2. Work related uniform expenses
  3. Work related self-education expenses
  4. Any other work related expenses – union fees, seminars, home office, telephone, subscriptions etc
  5. Interest expenses on loans for investments such as shares
  6. Gifts or donations to deductible gift recipients
  7. Tax agent fees for last year

Other information

  1. Private health insurance information
  2. Net medical expenses if over $2,060 spent during the year for you and your dependants- printout from Chemist for scripts, out of pocket expense for treatments claimed through Health Fund, Medicare printout, etc