Income



•    PAYG summaries from employers, Centrelink and/or superannuation funds

•    Lump sum payments (e.g. Employment Termination Payment)

•    Trust distribution statements

•    Managed fund annual tax statements and capital gains tax statements

•    Partnership distribution statements

•    Dividend statements

•    Bank statements detailing interest earned




Work-Related Deductions



•    Details of depreciable assets bought during the year (e.g. laptops)

•    Professional journals/magazines

•    Professional memberships/subscriptions

•    Receipts for continuing professional development courses and seminars

•    Receipts for self-education expenses

•    Receipts or evidence of work-related deductions such as protective clothing,
    uniform expenses 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 (Bushfire/Flood
       tin collection)

•    Expenditure incurred in managing tax affairs (e.g. last years tax agent’s fees)

•    Expenditure incurred in earning investment income

•    Income protection insurance premiums





Rental Properties



•    Annual statement from property agent (if engaging the services of an agent)

•    Date of when property was purchased

•    Details of depreciable assets bought or disposed during the year

•    Expenses (which are not detailed on the property agent annual statement)
    incurred, such as water charges, land tax and insurance premiums

•    If property is held by more than one individual, details of owners and their
    legal ownership percentage

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

•    Loan statements for property showing interest paid for the income year

•    Period that property was rented out during the income year

•    Records detailing rental income (if not engaging the services of an agent)

•    Records of expenses relating to the property (if not engaging the services of an agent),
                e.g, Advertising Costs, Body Corporate Fees, Cleaning, Repairs, Gardening, Gas,
                Insurance, Rates, Office Supplies, Postage, Repairs, Security, Telephone and Travel.

•    Quantity Surveyors Report for your properties

•    Borrowing Costs/ Refinancing Details & Bank Charges




Offsets / Rebates



•    NRAS Investment Property $6000 Tax Offset for 10 years

•    Eligible education expenses (computers, text books,

•    Details of any superannuation contributions for spouse

•    Details of dependants, including their age, occupation and income

•    Details of medical expenses where the total exceeds $1,500 (after Medicare
    and private health fund rebates)

•    Private health insurance statement (if insurance is held with partner, please
    state who is the primary holder and provide the age of partner)



If Operating as a Sole Trader



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

•    Copies of Business Activity Statements lodged

•    Copies of PAYG summaries for employees

•    Details of any government grants, rebates or payments received

•    Details of superannuation contributions for employees

•    Payments of salaries and superannuation to associates

•    Trial balance, P&L and Balance Sheet