2024 Individual Tax Checklist

2024 Individual Tax Checklist

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Income
  • Payment Summaries & Income Statements
  • Lump Sum & Termination Payment Summaries
  • Government Payment Statements (If received)
  • Interest from Banks & Building Societies
  • Dividend Statements for Received/Reinvested Dividends
  • Annual Tax Statements from Managed Funds
  • Buy/Sell contract notes for share transactions
  • Annual Tax Statements for Crypto
Deductions (Work related expenses)
  • Vehicle Logbook for Motor vehicle expenses
  • Travel (fares & accommodation)
  • Uniforms/Workwear
  • Self-Education & Professional Development
  • Union, Registrations, Tools, Subscriptions, Memberships
  • Home Office No. of hours worked from Home
  • Seminars & Conferences
  • Telephone, Computer, Internet
  • Any other costs incurred earning income
  • Donations to Charities or Building Funds
  • Income Protection Insurance
  • Receipts for Rapid Antigen Tests
  • Acknowledgement to claim Tax Deduction for Personal Contributions from your Super Fund
Other Income
  • Rental Properties
  • Business
  • Foreign Income
  • Capital Gains
  • Employee Share Schemes
Offsets & Refunds
  • Health insurance & rebate entitlement statement
  • IAS statements or details of PAYG instalments paid
  • Spouse details including taxable & exempt income

NOTE: A tax deduction is something directly related to your income, an expense you have paid for but have not been reimbursed for, and you have proof of your expense (Receipt/substantiation)

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