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