Now days the ATO provides a lot of the information we need and in many cases this includes payment summary’s and private health documents. Bringing in your own details however ensures things are correct and reduces the possibility of any delays.

We have provided the following lists to help you get your tax completed as quickly as possible. If you are missing, or unsure about, any of the below or your situation isn’t covered bring in what you can and discuss it further with your accountant.

  • Your bank details (BSB & account numbers), without these, we are unable to lodge your return.
  • PAYG Payment Summaries (if your employer still issues them)
  • Private Health statement (if they are still being issued)
  • Bank interest statement (available through online banking)
  • Other income (see below for some examples)
  • Details of your partners income, including salary sacrifice and investment losses
  • Receipts for items purchased for work
  • Receipts if you made donations to charities
  • Last year’s accounting fees (if you’re new to Power2)
  • Other expenses (See below for some examples)
  • Employee Share Scheme tax statement
  • Dividend statements for dividends received or reinvested
  • Annual Tax Statements from Managed Funds
  • Lump Sum and Termination Payment Summaries
  • Capital Gains on investments -require purchase and sale details of sold asset/s
  • Other Income -Foreign income, Airbnb income, Cryptocurrency transactions required
  • Details of deductible Superannuation contributions
  • Income Protection tax summary (if held outside of super)
  • Dependant Details (spouse and children)
  • Motor Vehicle expenses (logbook)
  • Deductible Travel – fares and accommodation
  • Uniforms-Protective and Occupation specific work-wear expenses
  • Self-education and professional development expenses, Subscriptions & membership fees, Seminars and conferences
  • Telephone & Internet, home office and computer expenses
  • Any other costs incurred in earning income – union dues, tools and equipment etc
  • Income and Expense Details as per above along with…
  • Details of your business income
  • Details of business expenses
  • Purchase and sale details for any assets sold during the year
  • Stocktake value as at 30 June (if any)
  • New purchases > $1000 (details are required for depreciation purposes)
  • A copy of last years return (new clients only)
  • Property manager statement (or total income and expenses if rented privately)
  • Expenses not overseen by your property manager (Gardening maintenance, pool cleaner, etc)
  • Bank statements for investment mortgage – Interest charges and bank fees
  • Council rates and water charges
  • Insurance
  • Body corporate fees
  • Details of repairs and maintenance carried out (each invoice)
  • Replacing capital items (costs may need to be allocated over the effective life of the asset)
  • All other expenses for the property (e.g. legal fees, mortgage discharge costs)
  • Depreciation report
  • Rental income and expense details
  • Contract and settlement statement of property purchase
  • Details of when you first used the property as a rental
  • If you’re new to Power2 – Last year’s rental property schedule and return
  • Contract documents for property/land purchase and purchase expenses incurred (legals, stamp duty etc)
  • Settlement documents for sale of property including selling expenses incurred (real estate commission, legals etc)
  • If you’re new to Power2 – Last year’s rental property schedule and depreciation report
  • Details of other properties you owned, including if you lived in them and how long they were rented.
  • Dividend statements for all shares (or an old statement for shares that didn’t pay a dividend)
  • Managed fund annual tax statement
  • Details of any expenses for investments, including financial planner fees
  • Interest on investment loans
  • Contract documents for purchases and sales of shares
  • Full transaction history of managed fund
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