INCOME

PAYG Summary | Group Certificate |Single Touch Payroll

• PAYG Summaries from all employers for financial year

• Effective 01/07/2018 the introduction of STP removes the need for employers to issues PAYG Summaries.

Bank, building, society, investment and term deposit accounts

• Including bank statements listing received interest

Rental Properties

• Statements of rental income

Capital Gains

• A list of assets acquired which were sold in the tax year

• A list of additions or improvements to assets

Australian Government and other payments

• Newstart, Youth Allowance, Austudy

Other Income

• Bank statements, receipts, invoices, cashbook records

• Employments Termination Payments

• Allowances

• Lump sum payments

• Dividends- Shares

• Married/ De facto Partners Gross Income

EXPENSES

Motor Vehicles (if used for work)

• Fuel, oil, registration and repair expenditures plus engine size of vehicles

• Log books and odometer readings for the financial year

Investment Rental Property

• Details of all expenditure incurred and details of rent paid by business

• Date of purchase of rental property as per contract

Additional Superannuation Contributions

• Name of fund, policy number and contributions paid

Work Related Expenses

• Work related expenses

• Education related expenses

• Uniforms/ protective clothing expenses

• Travel expenses

• Donations

• Cost of managing tax affairs

• Interest and dividend deductions

Health Insurance

• Statement of policies and premiums

• Medicare details