Individual Tax Return Checklist – 2015

 2015 Individual Tax return – CHECKLIST 

  1. Ensure we have a copy of the prior year tax return/s.
  2. Confirm any change to details. (Address/Spouse/Children etc)
  3. Go through list below and see what will affect you
  • PAYG Payment Summaries (previously Group Certificates)
  • Payment Summaries for pensions or annuities
  • Payment Summaries from Centrelink ie Newstart, youth allowance, pensions etc
  • Eligible termination payment statements
  • Interest earned from bank accounts, debentures (a debenture is a document that shows you have a loan), etc.
  • All Share dividend statements
  • Annual Taxation Statements from trusts, managed investments, property and cash management trusts
  • Income and expenses from investment property(s) (including depreciation schedules, Loan statements and Rental property summary)
  • Business income and expenses (self-employed)
  • Foreign pensions
  • Assets/shares, buy and sell statements
  • A list of work related expenses
  • Motor vehicle log book and expense receipts if used for work/Business
  • Interest and fees on investment loans
  • Donations to charities or School building levies and library funds
  • Fee charged for previous year’s tax return
  • Income protection insurance and sickness and accident insurance
  • Superannuation contributions
  • Private health insurance details
  • Amount of HELP debt or Financial Supplement loans outstanding
  • Medical expenses if total out of pocket exceeds $2000
  • Spouse date of birth and taxable income
  • Remote tax offset details (days away)

Any other income or expenses related to income.Note: Don’t worry if you are unsure about any of the items or something is missing, we will review the information and let you know if we require more info or there is a way to improve your overall tax position.