TM
FIFOCONSULTANTS
Flyin Flyout Specialists
PERSONAL INCOME TAX RETURN
CHECKLIST FOR THE YEAR ENDED 30 JUNE 2015
INSTRUCTIONS
1.
Please answer all questions. If a question does not apply to your circumstances, please mark with "N/A.".
2.
If there is insufficient space, please provide a separate schedule containing the additional information.
3.
If you have any queries in relation to the checklist, please contact our office on 1300 793 313
Client 1
PERSONAL DETAILS
1
Full Name
2
Date of Birth
3
Tax File Number
4
Occupation
5
Current Residential Address
6
Postal Address
7
Home phone number
Mobile phone number
8
Email Address
9
Did you live with a spouse during the 2015 income year?
If yes, please provide the following details:
Spouse’s Full Name
Spouse’s Date of Birth
Spouse’s TFN
Spouse’s Income Details (if known):
1. Taxable income
2. Reportable Employer Superannuation Contributions
3. Reportable Fringe Benefits Amount
4. Investment losses
10
Did you have any dependants (children under 21 and full time
students under 25) living with you during the 2015 income year?
If yes, please provide full name and date of birth
Dependant 1
Dependant 2
Dependant 3
Dependant 4
Client 2
INCOME DETAILS
1
PAYG PAYMENT SUMMARY
Did you earn salary or wages from any employer(s) during the year?
If yes, please provide payment summaries.
2
ALLOWANCES, BENEFITS, TIPS, ETC
Did you receive any allowances, benefits, tips, directors’ fees,
kilometre reimbursements for car/s during the year? If yes, please
provide relevant documentation.
3
TERMINATION / LUMP SUM PAYMENTS
Did you receive any lump sum payments from an employer as a result
of retiring or ceasing with that employer during the year? If yes,
please provide PAYG/ETP summaries
4
GOVERNMENT BENEFITS/ALLOWANCES
Did you receive any Government benefits/allowances (eg: Newstart,
Austudy, Sickness, etc) during the year? If yes, please provide
relevant payment summaries and/or Statement of Benefit/Allowance.
5
AUST. GOVERNMENT PENSIONS/ALLOWANCES
Did you receive any Aust Government pensions/allowances (eg Age
pension, Disability pension, Age Service Pension etc) during the year?
If yes, please provide payment summaries and/or Statement of
Benefit/Allowance.
6
OTHER AUSTRALIAN PENSIONS OR ANNUITIES
Did you receive any other AUSTRALIAN pensions or annuities
including superannuation pensions? If yes, please provide relevant
documentation.
7
INTEREST RECEIVED
Did you receive any bank interest during the year? If yes, please
provide the following details:
Name of Bank / Interest received
Name of Bank / Interest received
Name of Bank / Interest received
Name of Bank / Interest received
8
DIVIDENDS RECEIVED
Did you receive any dividends during the year? If yes, please provide
dividend statements.
9
DISTRIBUTIONS FROM PARTNERSHIP/TRUSTS
Did you receive distributions from business or investments held in
partnerships or trusts during the year? If yes, please provide all
relevant details (including tax statements or tax returns for each
investment or business held)
10
CAPITAL GAINS/(LOSSES)
Have you sold any assets (eg: house, land, shares etc.) or made any
other capital gains or losses during the year? If yes, please provide
the following details:
* Purchase details (amount and date)
* Sale details (amount and date)
* Details of any additions/improvements made to the asset whilst held
11
FOREIGN INCOME
Did you receive any foreign income during the year? If yes, please
provide all relevant documentation.
12
RENTAL PROPERTY INCOME
Did you earn any rental income during the year? If yes, please provide
a summary of the rent received and expenses incurred (including
interest on borrowings) for the financial year. (see attached schedule)
13
OTHER INCOME
Were you involved in any other income earning activities not already
covered by the questionnaire, or have you received any insurance
payouts or similar? If yes, please provide relevant documentation.
14
SHARE TRADING
Were you involved in any share trading activities during the year? If
yes, please provide details of purchases/sales made during the year.
DEDUCTION DETAILS
1
WORK RELATED MOTOR VEHICLE EXPENSES
If you used your car for work related purposes other than travelling to
or from home and work and wish to make a claim for these expenses
please, provide the following information:
If business kms do not exceed 5000km :
(2 Methods available)
* Set Rate per km: Please provide engine capacity and number of
business kms travelled for the year.
* Log Book Method: Please provide copy of log book and summary
of expenses incurred for the year.
If business kms exceed 5000km :
(4 Methods available)
* Set Rate per km: As above
* Log Book Method: As above
* 12% of Cost: Please provide details regarding original purchase date
and cost of car
* One-third of Expenses: Please provide summary of expenses
incurred for the year.
2
OTHER WORK RELATED TRAVEL EXPENSE
Did you incur any other work related travel expenses? If yes, please
provide details of the expenses incurred and advise what percentage
you wish to claim
3
UNIFORM AND PROTECTIVE CLOTHING
Did you have any occupation specific clothing, protective clothing or
compulsory work uniform expenses that relate to your work? If yes,
please provide all relevant information including the cost to purchase
the item and the cost of cleaning it.
4
WORK RELATED SELF EDUCATION
Did you have any work related self education expenses during the
year? If yes, please provide all relevant information. Please note that
HECS/HELP and Financial Supplement fees are not deductible.
5
OTHER WORK RELATED EXPENSES
* Computer & software (advise total cost and percentage to claim)
* Union fees
* Subscriptions/Professional Journals
* Home office expenses (advise hours worked from home)
* Tools & equipment
* Telephone/mobile phone (advise total cost and percentage to claim)
* Sickness & Accident Insurance
* Income Protection Insurance
* Any other work related deductions
6
INTEREST & DIVIDEND DEDUCTIONS
If you had interest and dividend income during the year what were the
expenses in relation to that income?
7
OTHER DEDUCTIONS
* Gifts over $2 - provide name of organisation
* Tax Agent fees for previous year
* General Interest Charge paid to ATO
8
PREVIOUS YEARS TAX LOSSES
Do you have tax losses carried forward from previous years? If yes,
please provide details relevant documentation.
9
SUPERANNUATION
If self employed, did you contribute to a superannuation fund during
the year? If yes, please provide relevant documentation.
OFFSETS & REBATES
1
PRIVATE HEALTH INSURANCE REBATE
Do you have private health cover? If yes please provide a copy of the
annual statement from your Health Insurer detailing your Health
Cover, Policy number and rebate entitlement (if any).
2
SUPERANNUATION CONTRIBUTIONS ON BEHALF OF YOUR
SPOUSE
Did you make any superannuation contributions on behalf of your
spouse? If yes, please provide relevant documentation.
3
ZONE REBATE
Did you live and/or work in a remote location during the year? If yes,
please provide the following:
* Name of the remote location
* Nights spent at location
4
MEDICAL EXPENSES REBATE
If you claimed a rebate for medical expenses in your 2013/14 tax
return, you may be eligible for a rebate in your 2014/15 tax return.
Please let us know if you incurred any major medical expenses in
2014/15 and we will let you know if you need to provide any
documentation.
ADJUSTMENTS
1
PART-YEAR TAX-FREE THRESHOLD
During the 2014/15 year did you move to Australia or leave
Australia? If yes, please provide date and reason for the change.
2
FOREIGN ENTITIES
During the year did you own or have an interest in assets held
overseas with a value over AUD $50,000?
3
MEDICARE LEVY SURCHARGE
Did you receive a Medicare Levy Surcharge exemption certificate for
the 2014/15 year? If yes, please provide a copy of the certificate.
1
HECS/HELP DEBT/FINANCIAL SUPPLEMENT LOANS
Do you have a HECS/HELP Debt or Financial Supplement loan? If
yes, we can obtain the debt/loan balance from the ATO.
I acknowledge I have been requested to complete a Personal Income Tax Questionnaire provided by GR8 FIFO Consultants Taxation
and have also been requested to ask any questions which require further clarification before my tax return is prepared and lodged with
the Australian Taxation Office.
Signature of Client 1
Signature of Client 2
Name - Please Print
Name - Please Print
Date Signed
Date Signed
Address of Rental Property: _________________________________________________________________________________________
Date property first earned rental income: __________________
Number of weeks property was available for rent this year: _____________
JULY
RENT RECEIVED:
LESS EXPENSES:
Advertising
Bank Charges
Body Corporate Fees
Borrowing Costs
Commission
Depreciation
Insurance
Interest
Land Tax
Letting Fees
Management Fees
Miscellaneous
Postage & Petties
Rates – Council
Rates – Water
Repairs & Maint.
Telephone Calls
Travel Expenses
Water Charges
NET RENT:
AUG
SEPT
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
TOTAL