Frequently Asked Questions
- What do I need to bring to do my Tax Return?
- What do I need to bring to do my accounting work?
- What is the deadline for the lodgement of my BAS or Income Tax Return?
- What is the cost of a standard tax return?
What do I need to bring to do my Tax Return?
You may need to bring in the following items:
- PAYG Payment Summaries
- Centrelink Payment Summaries (e.g. Newstart Allowance, Youth Allowance, Aged Pension, Austudy etc)
- Interest income and Dividend Statements
- Annual Tax Statements for managed investments
- Details of Foreign source income and expenses
- If you sold any assets during the year, we will need all details of the purchase and sale to calculate the capital gain or loss
- Income and expenses from investment properties
- Details of work related deductions
- Your tax agent fees from last year
- Dependent spouse and children details
- Spouse income
- Private health fund statement
- Child Care Benefit Report from Centrelink
- Out of pocket medical expenses (if they exceed $1,500)
- Bank account details if you want your refund deposited directly to the bank
- Last year’s tax return and assessment notice (if available)
What do I need to bring to do my accounting work?
- Last year’s financial statements and tax returns if you are a new client
- Cash book (either manual or computerised). If your data is on MYOB, Quickbooks or Cash Flow Manager, please back up your data and burn it on to a CD. If you use any other type of software, please ring us before you come in.
- Hard copies of monthly bank reconciliations that you prepared during the year
- List of debtors and creditors (if not already recorded in your cashbook)
- Copies of PAYG Payment Summaries issued
- Copies of BAS and IAS lodged during the year
- Copy of letter from your superannuation fund confirming your contributions
- Copy of letter from your insurance company confirming your income protection or asset insurance
- Bank statements (make sure there are none missing)
- Loan statements (make sure there are none missing)
- Copies of any new loan agreements, finance arrangements, contracts of purchase, contracts of sale, tradein details.
What is the deadline for the lodgement of my BAS or Income Tax Return?
If you are lodging your Income Tax Return yourself, you need to lodge it by 31 October, 2006.
If we are lodging your Income Tax Return for you, we have to lodge all individuals, partnerships, and trusts by 15 May, 2007. New companies must be lodged by 28 February, 2007.
Please phone us about any other types of lodgements.
What is the cost of a standard tax return?
A standard tax return is one that can be finished and signed in a ½ hour visit.
The cost is $130.00.
The cost of a tax return containing a rental property or a capital gains schedule that can be completed and signed in a 1 hour visit is $200.00.
Please note that if you are claiming the Childcare Benefit Rebate, you must download your Report from Centrelink and bring it with you. If we have to download this Report, the exercise is usually very time consuming so the charge will be $200.00 for your tax return.
Tax returns taking longer than 1 hour are charged at our hourly chargeout rate for accounting work.
We have credit card and EFTPOS facilities for your convenience. .
