INCOME
Income Statement - your workplace will send this information directly to ATO. Your employer may not give you printed version of this income statement.
Pensions or government payments/allowances
Interest earned for the relevant year from your banks, building societies etc.
Dividend statements from your investments
Details of rental property income if you have investment property.
Details of any business income e.g, Sole Trading Income etc.
Details of any other income earned e.g Income from Family Trust Distribution, Partnership distribution etc.
GENERAL WORK EXPENSES
Personal car expenses if used for work purpose (Estimation of kilometres if no logbook kept, otherwise logbook and all expense items.) E.g Travelling between jobs, Need to drive from Job for work purpose etc.
Travel expenses (flights, taxis, train and bus fairs for training courses, trade fairs etc.) used for work purpose.
Accommodation costs while working away from home.
Phone costs (for work usage)
Work percentage of computer/laptop expenses (Lease or purchase)
Work percentage of internet costs
Home office running expenses if you work from home or you need to use home office for your Work purpose.
Work related self-education expenses e.g You are a Registered Nurse by qualification and working as Registered Nurse. Recently you have studied Manual handling or Nurse refreshment course or work related course. You paid money out of your pocket and have successfully completed the course. Then you can claim self-education expenses.
OTHER WORK EXPENSES
Purchase and laundering costs of compulsory uniforms
Protective items (overall, goggles, gloves, non-slip shoes)
Itemised purchase costs of tools and equipment UP to $300. (laptops etc.)
Leasing costs of work-related tools and equipment
Repair/maintenance costs of work-related tools and equipment
Interest on loans taken out to purchase work related equipment
Job related training expenses that you paid for and have not been reimbursed by your employer.
Blue card, agency, association and union fees.
Memberships, journals and subscriptions
Overtime meal expenses
Travel expenses to other hospitals
OTHER EXPENSES AND RECORDS
Last year’s tax return fee
Income protection insurance premiums (paid outside of Superannuation)
Rental property expenses (e.g.: rates, body corp fees, agent fees, interest on loan, repairs and maintenance, water rates, depreciation schedule)
Investment expenses (For example: bank fees, financial advisors’ fees, investment borrowings etc.)
Records of sales and purchases of any shares, business or property
Private health insurance details
Spouse details
Children’s details including D.O.B and evidence of any Centrelink benefits
Details of any government debts (Child support, Centrelink etc.)
Charity donations
Remember: If you have been reimbursed any of your expense then don't claim it !
If you are not sure whether your expenses qualify as tax deductions, then contact us at 08 7078 8882 or help@yogigroup.com.au
An accountant for Yogi Group Accountants and Business Advisors will get back to you.
Contact us for your taxation and accounting need
08 7078 8882
help@yogigroup.com.au
398 Payneham Road Glynde SA 5070