BUILD MANAGE PROTECT YOUR FINANCIAL WORLD

Transcription

1 Cantwell Financial Independence Pty Ltd PO Box 296 CHATSWOOD NSW 2057 Phone: (02) TAX TIME Individual Checklist BUILD MANAGE PROTECT YOUR FINANCIAL WORLD Gain an understanding of your financial world and the options and opportunities available to build, manage & protect your financial future.

2 Tax Time Checklist Our Tax Time checklist will assist you to gather the information we need to prepare your tax return. We do not require receipts you can simply provide us with a summary. You will need to keep your receipts just in case the Australian Taxation Office wants to take a look. New Clients you will need to complete a new client details form and return it with your tax time checklist. Personal Information Bank Account Details Your Name ATO no longer issues refund cheques: Your Phone / Mobile Bank Account Name: Address tax returns to sign? BSB and Account Number: The Basics Please supply a copy of the following documents:- Latest Super Statement Life / TPD / Trauma Insurance Policies Latest Bank Loan Statement for all your loans Income Protection Insurance Policy Medical Details Please supply a copy of the following documents:- Private Health Insurance Annual Tax Statement; Medicare No: Private Health Insurance Summary of Benefits Paid; A list of any other Out of Medical Expenses. Medicare Itemised Statement of Benefits Paid ; Medical Expenses may include payments to doctors, dentist, orthodontists, opticians, optometrists, medical aids, perscriptions, therapeutic treatments prescribed by a doctor or Nursing Home and Aged Care Expenses.

3 Income you have received If you received any of the following types of income during the year (1 July to 30 June) can you please supply a copy of the following documents:- PAYG Payment Summaries from your employer(s) Annual Tax Statements from Trust Distributions ETP Payment Summaries (if applicable) Employee Share Scheme Statement PAYG Payment Summaries from Centrelink Contract Notes for Shares bought or Sold PAYG Payment Summaries from Super or Annuity Income Streams Details of Rental Income (see our Rental Statement) Interest Received from bank accounts / Term Deposits Property Settlement Statements if bought or sold Dividend Statements from your shareholdings Foreign Income, Pensions, or Employment Income Managed Fund Annual Tax Statements Child Support Payments If you sold investment assets during the year, we need details of the date purchased, the original purchase price, any improvement costs, date sold, sale proceeds received and any costs relating to the sale. Rental Property Statement Real Estate Tax Statement or monthly statements Any rental expenses paid directly by you Bank Loan Statements for your investment loans Tax Depreciation Schedule Property Address Date property first earned income Number of weeks property was rented this year Property Owner & percentage ownership Property Owner & percentage ownership Total Rental Income: Advertising / lease fees: Bank Charges: Strata Levies: Cleaning / Lawn mowing: Agents Management Fees: Electricity: Travel Expense to inspect: Insurance Premiums: Interest Paid: Land Tax: Postage & Telephone: Council Rates: Water Rates: Repairs & Mainentance: Any Other Expenes: Capital Items purchased ( furniture & fittings & improvements), we will need a list of items, the date purchased & the cost. If you do not have a Tax Depreciation Schedule, & wish to order one. Go to our website for details.

4 Expenses Car Expenses for Work or Self Education If you used your car for work travel or between one business and another (excludes travel to & from work). Car Make & Model: Rego No: Engine Capacity Work Kms Travelled: Total Kms Travelled: Rego, CTP & Insurance: Servicing & Repairs: Roadside Assist: Tyres: Other Expenses: Purchase Price / Car Invoice: Hire Purchase Contract: Please provide copy Fuel & Oil: Lease Payments (if leased) Other Work Related Travel For example, you travelled inter-state to see a customer or to attend a conference. If travel is for 6 or more days in a row, you need to keep travel records, like a travel diary. Nature of Trip: Length of Stay: Airfares: Accommodation: Meals & incidentals: Car Hire & Parking: Taxi /Train Fares: Other Expenses: Uniforms The costs incurred to purchase protective clothing, like steel cap boots, compulsory uniforms with the corporate logo, occupational specific clothing like a chef s hat or apron or non-compulsory clothing added on the Register of Approved Occupational Clothing. Please provide list:

5 Self-Education Expenses The course you undertake must have a direct connection to your current employment. Name of course: Tuition Fees: Student Union fees: Text Books: Printing / Stationery: Electricity for home office Internet Other Other Travel expenses between home or work to place of education and back, please complete car expenses schedule above. Capital equipment used for study e.g. office furniture or a laptop, you will need to list the items, date of purchase and the cost. Other Work Related Expenses If you do not use the expense 100% for work purposes, you will need to advise how much of the expense is work related. Examples of other types of work related expenses may include, Brief case: Personal Organisers: First Aid Course: Union Fees: Mobile Phone / Calls: Internet Usage: Seminars / workshops: Membership Subscriptions: Income Protection Insurance: Trade Magazines: Stationery / Postage: Overtime Meal Allowance: Tools of Trade: Electricity for home office: Home telephone calls: Other: please list Capital equipment used for work e.g. office furniture or a laptop, you will need to list the items, date of purchase and the cost.

6 Other Expenses Donations of $2 or more made to an approved organisation: Expenses relating to your Investments: Bank Fees: Ongoing Financial Advice fees Interest Paid on Loans: Investment Magazines: Investment subscriptions: Other: Superannuation After tax super contribution: Personal super contribution: Super contribution on behalf of your spouse: Final Details Did you have a spouse for full Year? Yes No, please provide dates. Number of Dependants: Return your Checklist Once complete, return your checklist and documents either by: admin@cantwell.com.au Fax: Mail: PO Box 296 Chatswood NSW 2057 Alternatively, if you would like to come in for a meeting, please contact Rachel to make an appointment on

7 Cantwell Financial Independence Pty Ltd Po Box 296 Chatswood NSW 2057 Phone: (02)