Personal Tax Returns
ITP Tax Accountants look for ways to minimise your tax liability and maximise your deductions and will need certain information to help you with your tax return. Below is a list of documents to bring with you. If you have any questions, call your local consultant and they will tell you exactly what you’ll need to bring in.
What you will need
So we can make the most of your tax appointment, you will need to bring a few documents and receipts with you.
- PAYG Payment Summaries (previously Group Certificates) You should be provided a copy from your employer.
- Payment Summaries from Centrelink for example, Newstart, Youth Allowance, Disability Pension
- Eligible termination payments
- Interest earned from bank accounts
- Share dividend statements
- Annual tax statements from trusts, managed investments, property and cash management trusts
- Income and expenses from investment properties
DEDUCTIONS & EXPENSES
- A list of work-related expenses (with receipts). This includes your motor vehicle log
- Receipts of charitable donations
- Interest and fees on investment loans
- Donations to charities (unless you get a ticket to win something in return, those ones don’t count)
- School building levies and library funds
- Fee charged for previous year’s tax return
- Income protection insurance
- Sickness and accident insurance
- Private health insurance
- Any extra superannuation contributions
- Amount of HELP debt or Financial Supplement loans outstanding
- Out of pocket medical expenses for disability aids only in excess of $2,265
- Bring the details of your spouse, including their date of birth and taxable income to check if you may be eligible for tax benefits.