What To Bring

When you come in to see us, you will need to bring as much information as possible relating to your specific matter to help us best process your tax.

Individual Tax Returns

  • Group certificates/PAYG Payment summaries
  • ETP Group certificates/Payment summaries
  • Pensions & ComSuper Group certificates/Payment summaries
  • Social Security & Centrelink Group certificates/Payment summaries
  • Any interest earned
  • Dividend statements
  • Private Health Insurance statement & details
  • Rental income & expense details
  • Capital Gain/Loss details e.g.. Share & property sales/purchases
  • Trust Distribution tax statements
  • Partnership income & expense details
  • Business income & expense details
  • Foreign income
  • Other income details
  • Travel expenses e.g.. Airline/bus tickets related to work travel
  • Motor Vehicle expenses e.g.. kms traveled and engine size, log book if applicable
  • Dry-cleaning or laundry costs associated with protective clothing/uniforms
  • Replacement of protective clothing/uniforms
  • Self-Education costs
  • Union dues
  • Other work related expenses including home office, computers, mobiles etc.
  • Donations
  • Investment expenses including borrowing costs, interest on loans, FID & investment advice fees
  • Accounting fees & travel expenses associated with preparation of your tax return
  • Medical expenses (if more than $1500)
  • Medicare Levy exemption details
  • Income Protection insurance
  • Family Tax payments, Part A &/or B
  • Number of dependents and their dates of birth
  • Spouse’s income details

Business Tax Returns (including Trust, Companies, Partnership & Sole Traders)

Manual records:

  • Bank/Credit Card statements for full year
  • Cheque books for full year
  • PAYG Payment summary statement
  • Copies of Group Certificates/PAYG Payment Summaries
  • Any Dividend statements or Trust Distribution tax statements
  • Details of any cash income or expenses
  • Debtors & Creditors
  • Stock on hand
  • Petty Cash details
  • Copies of BAS/IAS statements for financial year

Computerised records:

  • Backup of software
  • Bank Reconciliation with bank statement for 30 June
  • PAYG Payment summary statement
  • Copies of Group Certificates/PAYG Payment Summaries
  • Stock on hand
  • Any Petty Cash/cash transactions not entered into software
  • Copies of BAS/IAS statements for financial year

Fringe Benefits Tax Return:

  • Opening odometer reading at 1 April
  • Closing odometer reading at 31 March
  • Log book (if one has been kept)
  • Motor Vehicle expenses incurred (if log book is available):
    – Fuel
    – Maintenance/Repairs
    – Insurance
    – Registration
    – Tyres
    – Car washes
    – Interest/Loan/Lease repayments
  • Please indicate whether the expenses provided are shown as GST inclusive or exclusive
  • Entertainment paid, including details of number of people attending (broken up into employees, associates, clients and directors), type of function and whether or not the expense was incurred interstate
  • Non-commercial loans (interest charged at less than 7.05%)
  • Debt waivers
  • Employee expense payments
  • Housing/accommodation/board provided
  • Living Away From Home allowances paid
  • Airline transport (airlines & travel agents only)
  • Property provided
  • Car Parking (when a commercial car parking station is located within 1km and charges more than $6.43 per day)
  • Any employee contributions received
  • FBT Instalments paid

BAS

Manual records:

  • Tax invoices for each expense incurred.
  • Total receipts for period, detail of how much GST was collected for each receipt
  • Include all income i.e. interest, rent etc.
  • Salary and wages paid for period
  • PAYG with tax withheld for period
  • Bank statements for period

Providing a summary of income and expenses for the period will keep your accounting fees to a minimum. You should show the GST inclusive amount and the GST relating to each transaction as per tax invoice.

Computerised records (e.g. MYOB)

  • Bank reconciliation printout
  • Bank statement @ last day of period
  • PAYG with tax withheld from wages for period
  • Advise if no tax invoice is held for expenses
  • GST detail report for period
  • Backup of MYOB file

IAS

  • PAYG withholding voluntary tax payments (if applicable)
  • Salary and PAYG withholding tax deductions
  • PAYG installments
  • Details of all business & investment income for period e.g. dividends, interest, rental, distributions.
  • Supporting documents

Superannuation Funds

  • Bank statements for complete year
  • Dividend statements
  • Managed Trust distribution statements
  • Unit trust distributions
  • Cheques books
  • Details of each contribution into fund
  • Buy/sell contracts
  • Details of new investments
  • Expenses incurred by trustee on behalf of super fund
  • Rollover fund statements
  • ETP Group Certificates

If you can’t find something on our website or need some assistance with finding another online service or information, please always feel free to contact us on 8235 0722 or email us info@armandocirillo.com.au