TAX RETURN TIPS

Quick Jumps

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)

Hassard & Co - Make better use of your time

 Enquiries please Phone (07) 3396 1747