Having your paperwork organised always makes life much easier. Preparing your end of year documents and information prior to coming to see us will save you time and money. This is a general list of what to have ready when we next meet with you.
Individuals
- Work from home diary
- Electric car details
- Income Statement
- Interest income from banks and building societies
- Dividend statements for dividends received
- Royalties
- Taxable scholarships, jury service payments
- Tax statements of managed investment funds
- Rental property statements from real estate agent and details of other expenditure incurred
- For share sales or purchases, the purchase and sale contract notes
- For real estate sales or purchases, the solicitor’s correspondence for the purchase and sale
- Any expenses related to your work you have not claimed from your employer
- Self-education expenses
- Travel expenses
- Donations to charities
- Payments for income protection or sickness and accident insurance
- Health insurance and rebate entitlement
- Family Tax Benefits received
- Commonwealth assistance notices
- IAS statements or details of PAYG Instalments paid
- Details of any transactions involving cryptocurrency (e.g., Bitcoin)
- Details of any income derived from participating in the sharing economy (e.g., Uber driving, rent from AirBNB, jobs completed through Airtasker etc.,)
Business
- Accounts data file access (MYOB, Quickbooks, Xero, etc.,)
- Debtors & creditors reconciliation
- Stocktake if applicable (or if your business is a Small Business Entity, consider using the simplified trading stock rules)
- 30 June bank statements on all relevant loan documents
- Documents on new assets bought or sold, including the date you entered the contract and the date the asset was first used or installed ready for use
- Details of any grants or disaster loans received
- Details of any insurance payouts for your business or business premises
- Payroll reconciliation
- Superannuation reconciliation
- Cash book (if applicable)
- Details of any transactions involving cryptocurrency (e.g., Bitcoin, NFTs)
- 30 June statements on any investment or operating accounts
SMSF
This is a general list of what we need to complete your fund’s tax and accounting requirements.
- Bank statements (including any new accounts including term deposits) from 1 July 2022 to 30 June 2023.
- Contributions:
- A breakdown by member of the types of contributions received by the fund.
- Pensions:
- Documentation supporting any pensions commenced during the 2022-23 financial year.
- Investments:
- Portfolio valuation as at 30 June 2023 and transaction history reports (if applicable).
- All documentation from your portfolio or wrap provider including year end tax statements
- All dividend & tax statements.
- Buy & sell contracts for shares sold or purchased.
- Any other documentation received during the year that relates to takeovers, restructures, bonus shares, consolidations etc., for shares held by the fund. Usually these documents advise you to retain them for taxation purposes.
- Any other document relating to an investment held within the fund which has not been covered above.
- Property:
- Agent statements (either monthly or annual) if using an agent to manage property, otherwise, all invoices and rent receipts for the year ending 30 June 2023.
- A copy of the current lease/rental agreement (if not already provided).
- Documents for property bought or sold, including the date you entered the contract and the date the asset was first used or installed ready for use.
- Rental appraisal & market valuation from an agent (if you are using one to manage your property).
- Rollovers:
- Copy of any Rollover Benefits Statements for money rolled into the fund during the period 1 July 2022 to 30 June 2023.
- Insurance:
- Copy of life insurance policy annual renewal documentation form (the ownership of the policy should always be in the name of the superannuation fund).
- Copy of documentation relating to any new insurance policies from 1 July 2022.
- Other:
- If you have transactions in your fund that do not fall into the above categories, please ensure that you provide us with full details.