Below is a detailed list of what we’ll need you to bring along to your appointment.
Income
- PAYG summaries from employers and/or superannuation funds
- Lump sum payments (for example, Employment Termination Payment)
- Managed fund annual tax statement and capital gains tax statement
- Dividend statements
- Bank statements and term deposits detailing interest earned
- Buy and sell contract notes for shares (if any shares were sold – including crytocurrency)
- Buy and sell documents in respect of any property sold
Work-related Deductions
- Details of depreciable assets bought during the year (for example, laptops), including date purchased and cost
- Professional journals / magazines
- Professional memberships / subscriptions
- Receipts for continuing professional development courses and seminars
- Receipts for self-education expenses if related to employment
- Receipts or evidence of work-related deductions, such as protective clothing, uniform expenses and travel expenses
- Vehicle log book for motor vehicle expenses (if applicable)
Other Deductions
- Receipts for donations of $2 and over to registered charities
- Expenditure incurred in managing tax affairs (for example, tax agent’s fees)
- Expenditure incurred in earning investment income (for example, interest paid, subscriptions)
- Income protection insurance premiums
- Superannuation contributions made personally and advised your fund that you will claim a deduction
Rental Property
- Annual statement from property agent (if engaging the services of an agent)
- Date when property was purchased
- Records detailing rental income
- Expenses incurred which are not detailed on the property agent annual statement, such as water charges, land taxes and insurance premiums
- Loan statements for property, showing interest paid for the income year
- Period property was rented out during the income year
- Details of depreciable assets bought or scrapped during the year
- If property is held by more than one individual, please provide 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 (settlement statements from solicitor)
Offsets / Rebates
- Details of any superannuation contributions for spouse
- Private health insurance statement (if insurance is held with your partner, please state who is the primary holder and provide the age of your partner)
- Details of your spouse’s income
- For the 2022 tax year, there is NO rebate for Medical Expenses. However, there is still a rebate for expenses in relation to Aged Care Costs, Attendant Care and Disability Aids.
Other Information
- If you have any doubt about any income or expenses you’ve received or incurred, bring the documents with you
- Any other information that you think is relevant to your taxation affairs
Click on the link below for a complete checklist on what to bring to your tax time appointment:
