Congratulations! You’ve made an appointment to have a tax specialist complete your personal tax return.
To ensure your experience is efficient we recommend that you spend some time considering some of the following:
What should I bring to my tax appointment?
Deciding what paperwork to bring along to your tax appointment is largely dependant upon your individual circumstances. It is often better to bring along anything you think might be relevant or claimable. Our tax specialists are very happy to discuss each item with you to determine if it can be included.
Consider the following list of items that may be relevant to you:
- PAYG Payment Summary (Group Certificate)
- Centrelink payment statements
- Private Health certificate
- Bank statement confirming interest earned during the year
- Dividend statements
- Donations receipts
- Receipts or (credit card statements) for any work related purchases you wish to claim
- Car log book or diary
- HECS or FEE-HELP statement
Do you own a rental property investment?
Additional claims are available as an owner of a rental property. We ask that you consider the list below as a guide for what paperwork will be required at your tax appointment:
- Summary of Rent Income received and any Agent Fees paid (if you an Agent is managing your rental property then this is normally supplied to you at the conclusion of the financial year)
- Calculation of the number of weeks that your property was available for rent and how many weeks it was rented
- Totals of expenditure for the following:
- Council rates
- Water rates
- Building and Landlords Insurance
- Body Corporate Fees (if applicable)
- Interest on any Mortgage used to purchase the property
- Repairs & Maintenance (we recommend bringing supporting receipts as copies may be required)
- New clients are asked to supply a copy of the most recent depreciation schedule to ensure no claim is missed
Have you sold any tax assets during the year?
Assets in this category include shares or investment properties. A Capital Gain can arise on the sale of these types of assets or may also arise by giving it away, on the breakdown of a marriage or through compulsory acquisition.
If you believe this may apply, we recommend that you bring to your appointment information relating to the initial purchase of the asset (such as date and value of purchase), legal fees, stamp duty and any other costs associated with the initial purchase.
Paperwork substantiating the sale of the asset will also be required including the date and selling price along with costs associated with the sale such as agent fees, commission, advertising fees and costs of discharge of mortgage.
Education Tax Refund
Did you have a child completing primary or secondary education during the year?
Were you eligible at that time to receive Family Tax Benefit Part A?
If the answer to these questions is YES, then you may be eligible to claim some of the following expenses and should ensure you bring the relevant supporting paperwork to ensure your claim can be included with your return: