INSERT NAME OF FIRM
Individual Tax Return Workflow
Client:
Year Ended:
Date received:
Date started:
Job No:
Prepared by:
Date:
Reviewed by:
Date:
BILLING INFORMATION
Previous year bill - $
Current year budget (units):
Current year engagement - $
Billing notes:
COMPLETED
BY
WORKFLOW
DATE
1. Review file for carried forward information
2. Review prior year’s tax return / assessment
3. Review notes on database
4. Ensure data collection form is completed
5. Obtain and review ATO pre-filling report
6. Input current year data
7. Review all prior year tax return items
8. Compare result with prior year’s
9. REVIEW & CONSIDER:

Types of income Employment income
Business, partnership and trust income
Foreign income
Investment income
Dividend income
Interest income
Managed fund income
Personal services income
Others…………………………………………………………….
1

Non-commercial losses

Employee share scheme income

Disposal of capital asset (CGT)1
Note that the general CGT discount is no longer available for foreign residents
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INSERT NAME OF FIRM

Dividends and capital gains streamed from a trust estate

Franking credits

Offset (rebates):Superannuation – personal / spouse
Dependent spouse offset
Senior’s and Pensioner’s offset
Foreign income tax offset
Franking credit offset
Medical expenses rebate (subject to eligibility)
Private health insurance offset (subject to income testing)
Low income tax offset (reduced following tax rate changes)
Mature age workers offset
Others…………………………………………………………….

PAYG instalments

ATO interest paid or received (check ATO prefill report)

Depreciation methods and rates (rental depreciation)

Quantity surveyors report. If so, provide letter of instruction on
file for the QS to prepare in accordance with relevant tax rulings
and legislation.

Small business entity concessions
10. Ensure all items to be carried forward are clearly noted and include
information which will impact future year returns
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