The Business Support Materials below are available for you to download free of charge. They assist with things like organising your tax returns and managing the income and expenses for you rental properties. If you have any questions or would like further material, please contact us.
Total Tax Individual Tax Checklist
Are you missing out on valuable tax deductions because you haven’t kept adequate records? Use the Tax Checklist to record income and expenses for the year, in preparation for your annual tax return. Don’t forget to collect your receipts to support your expenses. Allowable deductions vary from job to job, so be sure to contact our office to confirm your deductions.
Are you keeping track of all the allowable deductions for your investment property? The Rental Property Schedule can assist you to record all the relevant revenue and expenses associated with your rental property, such as loan interest and bank fees, rates, depreciation, agent’s commission, maintenance fees and even travel expenses for property inspections.
Are you aware that share dividends can be taxed (franked) or untaxed (unfranked) and that it will have an impact on the amount of tax you need to pay? For more detailed instructions on how to treat your share dividends and trades in relation to your tax return preparation, download our Shares and Dividends checklist. Contact our office for clarification.
The ATO will generally not allow you to claim for expenses associated with your home unless your employer considers it necessary for you to work from home and certain criteria are met. There is also a difference between ‘Running Expenses’ and ‘Occupancy Expenses’. Download our Home Office Checklist for more details on what you are entitled to claim.