TAX RETURN TIPS
Quick Jumps
To ENSURE a QUICK REFUND
RENTAL PROPERTIES
To MAXIMISE your refund
Take some time to look for all of your
work-related receipts. There is no need to bring the receipts to me.
Just write down the amounts, and a description, on a slip of paper.
Please add up log books and long lists of deductions (if you can) as
there may be a delay in processing your refund while they are added
up.
Set out below is a list of likely deductions :
- Uniforms/Clothing
- Work
- Boots
- Stationery
- Trade tools
- Union/Professional Association Fees
- Income Protection Insurance
- Telephone expenses associated with work
(work
this amount out from your bills) If calls are
not itemised, you will need a 4 week diary
- Self Education Expenses (must
be directly related to your income)
- Car expenses (write
down any km done for work purposes)
- Receipts for Sun Protection Products (For outdoor workers only)
TO ENSURE A QUICK REFUND, PLEASE BRING -
- Details of BANK INTEREST and/or DIVIDENDS from shares
- STATEMENT OF TERMINATION FORMS (if applicable)
- SUPERANNUATION
paid by you personally (not the employer payment)
- Your
Partner's Tax File Number, Date of Birth, and details of
income (both taxable, and non-taxable, including Reportable Fringe
Benefits. Family Tax Benefits are not required)
- HEALTH
FUND STATEMENT
- CAPITAL
GAINS from the sale of shares, land or houses.
- ALL PAYG Summaries including Centrelink.
(I will not need a Centrelink PAYG summary if you only received Family Tax Benefits)
- Your Details of Out-of-Pocket Medical Expenses (if they are more than
$1500.)
RENTAL PROPERTIES
I need to know :
- Total number of weeks property was available for rent;
- The Total rent received;
- NEW ITEMS OF PLANT/EQUIPMENT PURCHASED INCLUDING DATE OF PURCHASE;
- DETAILS OF EXPENDITURE FOR: Rates,Repairs,Insurance, Interest, Agent
fees,Cleaning,Travel, Body Corporate Fees (if applicable)