Fullstack will prepare for EOY accounts and Tax Return for you. But first we will need some information from you. Here is a list of what we need.
- This is a general list of what we usually ask from our business clients:
- Access to accounts (Xero, QBO, MYOB)
- Stocktake if applicable (Small Business Entities can use the simplified trading stock rules)
- Invoice and Hire purchase/chattel mortgage document for any assets bought or sold during the year, including date the asset was first used or installed ready for use
- Details of any grants or loans received
- Details of any insurance payouts for your business or business premises
- Details of any transactions involving cryptocurrency (e.g. Bitcoin)
- 30 June statements on any investment or operating accounts
- 30 June bank statements for all relevant loans
- Details on investments made or received
- Details on ESOPs issued to staff throughout year
- And, if we are preparing your individual income tax return:
- Income Statement
- Tax statements of managed investment funds
- Interest income from banks and building societies
- Dividend statements for dividends received
- 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
- Rental property statements from real estate agent and details of other expenditure incurred
- Work related expenses
- Home office expenses
- Self-education expenses
- Travel expenses
- Donations to charities
- 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.,)
