Income tax filling can be a daunting task. We at Protax Accountants Pty Ltd, we believe in being well prepared for this. Try to avoid the mad rush and just check out the list given below. It’s a way of saying ‘ help us to help you’ to get you the maximum tax refund in the shortest possible time.
Income / Revenue streams
- Group certificate/s (given by your employer, but not needed in most cases)
- Details of lump sum payments and or termination benefits received
- Details of interest received from banks and other institutions
- Details of dividends received from investments made. (shares, businesses etc.)
- Rental income received from investment properties
- Capital gains from shares and sale of investment properties
- Income received on your personal ABN
- Any other income (foreign income, businesses etc.)
Expenses / Allowable deductions
- Motor vehicle expenses (Log book details or 5,000km maximum mileage)
- Uniforms and work related clothing expenses (including laundry expenses )
- Business travel expenses
- Insurance – Income protection & Health (offset)
- Payments to approved charities
- Work from home expenses
- Any other work related expenses (have it ready even in doubt we will assess if deductible.)
Other details (please have the following information as well)
- TFN and ABN (if available)
- Residential address, phone number, email etc.
- Last notice of assessment sent by ATO (if available)
- Copy of last tax return (if available)
- Nature of job or profession
- Details of spouse income with TFN
- Bank details (BSB and account number – for your refund!)TFN and ABN (if available)
- Residential address, phone number, email etc.
- Last notice of assessment sent by ATO (if available)
- Copy of last tax return (if available)
- Nature of job or profession
- Details of spouse income with TFN
- Bank details (BSB and account number – for your refund!)
The list looks long, but still not exhaustive. We apologize for this. However it is very important we capture all of the above details to avoid redoing your tax return or lose out on a larger tax refund. You do not need to visit our office personally, just scan the documents and email it. We will take it from there. It’s that easy!
Call us now – Yohan on 0451 011 399 or Dirk on 0449 917 046 or our general line 03 8512 0338/7 to fix an appointment.