Mercia | Taxation, Business & Finance Advisers

Income

PAYG payment summaries   (eg from employers)

Lump sum payments (eg   Employment Termination Payment)

Partnership distribution   statement, including copy of partnership’s tax return

Trust distribution   statement, including copy of trust’s tax return

Documentation of   foreign source income, foreign assets or property

Bank statements   stating interest earned, including term deposits

Dividend statements

Employee share   scheme statements

Managed fund annual   tax statement and capital gains tax statement

Buy/sell contract   notes for shares (if any shares were sold)

Work-related Deductions

Details of   depreciable assets bought during the year (eg laptops)

Details and   receipts for home office expenses

Professional   journals / trade magazines

Professional   memberships / subscriptions

Receipts for   continuing professional development courses and seminars

Receipts for   self-education expenses

Receipts for other   work-related deductions such as protective clothing, uniform expenses, tools   and equipment, and travel

Vehicle logbook for   motor vehicle expenses (if using the logbook method)

Other Deductions

Receipts for   donations of $2 and over to registered charities

Expenditure   incurred in managing tax affairs (eg tax agent’s fees)

Expenditure incurred   in earning interest, dividend and other investment income (eg investment   advice fees)

Income protection   insurance premiums

Rental Properties

Date when property   was purchased, including details of any co-ownership

Period property was   rented out during the income year

Records detailing   rental income (annual statement from property agent, if engaging services of   an agent)

Loan statements for   property showing interest paid for the income year

Expenses incurred   such as water charges, land tax and insurance premiums

Details of   depreciable assets bought or disposed of during the year

Details of any   capital works on the property

If the property was   disposed of during the income year, information relating to dates and costs   associated with the disposal of the property

Offsets / Rebates

Details of any   superannuation contributions for spouse

Details of medical   expenses where the total exceeds $2,120 (after Medicare and private health   fund rebates)

Details of   dependants, including their age, occupation and income

Private health   insurance statement (including details of prepaid premiums)

If Operating as a Sole Trader

Cashbook, which   includes records of drawings taken before the business takings were banked

Copies of Business   Activity Statements lodged

Copies of pay-as-you-go   (PAYG) summaries for employees

Details of any   Government grants, rebates or payments received

Details of   superannuation contributions for employees

Details of any   assets purchased, including date of purchase and amount

Payment of salaries   and superannuation to associates

Records from   accounting software (eg trial balance, profit & loss and balance sheet)

Statements of all   liabilities of the business

Notice of   superannuation contributions for self-employed persons

Other Information

Copies of   Instalment Activity Statements lodged

Any other   information that you think is relevant