Tax Time | Valentini & Murphy Accountants

TAX TIME

What you need to provide to your Accountant at Tax Time:

To assist us with preparing your Income Tax Return we require all the information listed below for the financial year. This allows for a smoother and efficeint process in preparing your return. Please endeavor to collate all the applicable information prior to your appointment or dropping off your information. If you have any queries please do not hesitate to contact our office.

Non - Computerised Systems

Please note information is required for all items from 1st July to 30th June in the full Financial year ended 30th June 2008.

Bank Statements for the Financial Year;

Cash Book / Ledger Book;

Cheque Butts / Deposit Books for the Financial Year;

Stocktake / Inventory Listing at the 30th June;

List of work in progress as at 30th June;

List of Trade Debtors as at 30th June;

List of Trade Creditors as at 30th June;

Copy of all 4 lodged Business Activity Statements and corresponding worksheets/calculations;

Copy of all 4 lodged Instalment Activity Statements, or if annual payer, copy of any correspondence from ATO regarding annual instalment amount;

Pay as you go - withholding year end reconciliation, or copies of Pay as you go payment summaries issued to employees;

Copy of all loan bank statements, from 1^st July – 30^th June;

Copy of all commercial bill statements;

Details of sale/purchase of property if applicable including settlement statements

Please include the following if applicable to your business:

Details of new assets purchased (date, amount, details);
Details of any assets sold (date, selling price, details);

Details of major repairs/replacements/improvements;

Details of any Trust/Partnership distributions received (accounting and tax);

Copy of invoices for any legal fees;

Copy of new hire purchase/lease contracts;

Details of any Hire purchases or leases paid out during the year;

Details of the private use of new business assets, or change of private use for existing assets;

Copies of all Dividend Statements and Distribution Statements from investments;

Details of all interest received, including interest received from sources other than a financial institution;

Details of superannuation contributions including date of payment, amount of payment and details of the superannuation fund;

Details of Income Protection Insurance paid during the year.

Computerised Systems

Please note information is required for all items from 1st July to 30th June in the full Financial year ended 30th June 2008.

A backup of your financial accounts on computer disk, with your password if applicable, and details of your version;

Printed copy of your Bank Reconciliation at 30 June 2007; (Please make sure you reconcile the bank at 30th June 2007. If you do not have a bank statement that ends at that, date please obtain a screen print from either your bank or internet banking.)

Printed copy of your Bank Statement at 30 June 2007;

Copy of all 4 lodged Business Activity Statements and corresponding worksheets / calculations;

Copy of all 4 lodged Instalment Activity Statements, or if annual payer, copy of any correspondence from ATO regarding annual instalment amount;

Pay as you go - withholding year end reconciliation, or copies of Pay as you go payment summaries issued to employees; (Please make sure before you lodge your 4th Qtr BAS that you reconcile your PAYG summary to your BAS statements lodged throughout the year.)

Copy of all loan bank statements, from 1st July – 30th June;

Copy of all commercial bill statements;

Details of sale/purchase of property if applicable including settlement statements;

Details of new assets purchased (date, amount, details);

Details of any assets sold (date, selling price, details);