One of the worst feelings is coming to an appointment without the right documents. Below is a comprehensive checklist ensuring you will never forget the relevant paperwork.
PAYG Payment Summaries (previously Group Certificates)
Payment Summaries for pensions or annuities (not an old age pension obviously, but you could have a disability pension)
Payment Summaries from Read More...Centrelink ie Newstart, youth allowance, pensions etc.
Eligible termination payment statements
Interest earned from bank accounts, debentures (a debenture is a document that shows you have a loan), etc.
Share dividend statements
Annual Taxation Statements from trusts, managed investments, property and cash management trusts
Income and expenses from investment property(s)
Business income and expenses (self employed)
Assets/shares, buy and sell statements
A list of work related expenses
Motor vehicle log and expense receipts
Interest and fees on investment loans
Donations to charities (unless you get a ticket to win something in return, those ones don?t count)
School building levies and library funds
Fee charged for previous year?s tax return
Income protection insurance and sickness and accident insurance
Superannuation contributions (self employed)
Private health insurance details
Amount of HELP debt or Financial Supplement loans outstanding
Medical expenses if total out of pocket exceeds $2000
Spouse date of birth and taxable income
Bizinsights is a Certified Practising Accountant (CPA) and certified accounts trainer. We service Mackay and surrounding areas.
We take the worries out of your tax reporting obligations. We can complete your personal income or business tax returns, including Business Activity Statements (BAS), with the benefit of our accounting knowledge, experience and efficiencies of electronic processing.
We can maximise tax deductions and minimise taxable income, while you stay focussed on your day-to-day business. In completing your tax reporting we factor in the full tax deductibility of our own expense to your business.
With more than 20 years of experience as a Certified Practising Accountant, we?ve come to know a lot about business. The defining factor for those who do well in their chosen field is the ability to successfully make returns on their investments.
We?re not talking about success built on finding objects to buy and sell. We?re talking about the time and effort, as well as the technologies you might invest in for your business.
If you are involved in small or medium business and don?t have the expertise to make such investment calls with complete confidence, contact us at Bizinsights. We can investigate the influence of these decisions on your business outcomes and give you the kind of informed advice you need to make the best call. ^ Less