Individual Tax Returns


· Gross Salary, Wages, Allowances, Benefits, Earnings, Tips and Directors Fees.

· Income from Business Activities.

· PAYG Payment Summaries

· Details of any non-cash benefits received.

· Lump sum and termination payments. All documentation should be provided including an ETP Payment Summary from the employer or fund.

· Government Social Security payments, including pensions, unemployment and sickness benefits.

· Details of any CGT asset sales (e.g. shares and real estate). Please include dates of, and costs associated with, acquisition and disposal. (You can save tax if you qualify for the variety CGT concessions).

· Annuities, including allocated pensions.

· Income from trusts and partnerships. Statements of distribution should be provided where appropriate.

· Rental income

· Interest and dividends received and any tax deducted. Include details of franked dividends.

· Foreign source (employment and pension) income and details of any foreign tax credits.


· Investment and property expenses carefully detail interest claims)

· Subscriptions (not including sporting or social clubs).

· Employment related Expenditure such as work related motor vehicle, self education, protective clothing and uniform expenses.

· Donations of $2 and over

· For self-employed persons details of any superannuation contributions made.

· Tax agents Fees and other accounting/tax audit fees.

· Special deductions (Australian films, investment shelters and forestry-type schemes).

· Bank fees (where the credit or deposit represents assessable income).

· Un-recouped prior year losses.

Tax Offsets

· Details of private health insurance, unless your premium is net of the rebate.

· Details of superannuation contributions where no tax deduction can be claimed.

· Any changes in dependants (income of spouse should be provided).

· Details of any income received in a lump sum which was accrued in earlier income years (e.g. assessable pensions).

· Net family medical expenses if they exceed $2060 in total.

· Superannuation contributions made by employees with employer superannuation support and an assessable income of less than $31,000.

· HECS Debt details

Note: Taxpayers with a dependant child (under 21), or qualifying dependant student, should check to see if they are eligible for Family Tax Assistance

Companies, Partnerships, Trusts and Other Businesses


· Trading income.

· Other income (e.g. rent, interest, royalties).

· Stock on hand (and basis of valuation) note any obsolete stock.

· Work-in-Progress.

· Primary Producer subsidies (if assessable).

· Details of CGT assets (e.g. stock and real estate) sold, including dates of, and costs associated with, acquisition and disposal.

· Dividends, including details of franking credits.

· Income from foreign sources, including details or foreign taxes paid.


· Details of depreciable assets acquired and/or disposed of during this income year, including:

· type of asset;

· date of acquisition

· consideration received/paid Lease commitments.

· Lease commitments.

· Debtors at June 30

· Commercial debts forgiven.


· Repairs and maintenance.

· Salaries, including fringe benefits.

· Fringe benefits tax paid.

· Rates, land taxes and insurance premiums.

· Advertising expenses.

· Interest on borrowed monies.

· Deductions relating to foreignsource income.

· Prepaid expenses (subject to transitional rules)

· Retirement payments and golden handshakes.

· Bad debts actually written off during the year.

· Donations of $2 and over depending on the recipient.

· Commissions.

· Legal expenses.

· Lease documents for motor vehicles, premises and equipment.

· Losses of previous years (or intra-group transfers).

· Superannuation contributions.

· Subscriptions.

· Car expenses (remember to include petrol, repairs and parking and maintain a log book where necessary).

· Tax agents fees and other accounting and tax audit fees.

· Royalties paid.

· Details of the purpose and destination of any interstate or overseas trip. Expenses must be fully documented where travel involves at least one night away from home. Travel diaries should be included where travel exceeds five nights.

· Research and development expenditure.

· Bank fees (where the credit or deposit represents assessable income).


· New loans taken out during the year and their purpose, including any new lease or hire purchase agreements.

· Statements from the lending authority detailing the opening and closing balances of existing loans during the financial year.

· Provisions for long service leave and annual leave.

· Creditors at June 30

· Details of loan accounts to directors, shareholders, beneficiaries and partners.

· Accrued expenses (e.g. audit fees, interest payments).

· Commercial debts forgiven.

Additional Information Required

· Franking account details/movements

· Overseas transactions, exchange gains/losses.

· Private companies remuneration or loans to directors, shareholders and their relatives.

· Changes to the capital of the company.

· Whether family trust elections have been made in relation to trusts.