INDIVIDUAL TAX RETURN

SMART POMELO ACCOUNTING looks for ways to minimize your tax liability and maximize your deductions and will need certain information to help you with your tax return. Below is a list of documents to bring with you. Any questions? No problem. Simply call your local SMART POMELO Accounting Professional and they will tell you exactly what you’ll need to bring in. 

To maximize your appointment like we maximize your tax refund, you'll need to bring a few documents and receipts with you. 

Income Statements

• 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
• Business income
• Foreign income

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
• Accommodation and meals costs you’ve incurred from working away from home
• Home office running expenses
• Work-related education expenses
• Rental property expenses – rates, body corporate, agent fees, interest on your loan, repair and maintenance, water rates, depreciation schedule
• Investment expenses
• Records of sales and purchases of shares, businesses or property

Other Details

• Bring the details of your spouse, including their date of birth and taxable income to check if you may be eligible for tax benefits.
• Government debts
• Last Year’s tax return.