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Personal Tax Returns

Personal Tax Returns

AIFA Accountants are Registered Tax Agent. Our staff is fully qualified and trained to prepare and lodge income tax returns. We will help you get maximum refund that you are entitle to. When completing your tax return, you’re entitled to claim deductions for expenses that are directly related to earning your income.

What will you need before your booking your appointment:

  1. Photo ID
  2. TFN/ABN
  3. BSB and Account number (for your Tax refund)

INCOME:

  1. Income from employment 
  2. Allowances
  3. Lumpsum and Termination Payment Summaries
  4. Government Payments (Centrelink payments such as parenting payments, new start allowance, youth allowance)
  5. Interest Income / Dividend statements
  6. Investments in Managed Funds (annual statements)
  7. Rental Properties (see rental income check list or click here)
  8. Capital Gains (sale of properties/shares/crypto currencies)
  9. Foreign Income
  10. Business Income (ABN, ride sharing drivers)
  11. Income from any other source not listed above
  12. Health Insurance Tax statement
  13. Spouse details including taxable and exempt income 

DEDUCTIONS:

  1. Motor Vehicles (diary for up to 5000 km or logbook)
  2. Travel (public transport, Taxi and accommodation)
  3. Uniform (compulsory or with a logo)
  4. Self-Education
  5. Union, memberships, subscriptions
  6. Tools
  7. Home office (4 weeks diary)
  8. Office/ computer supplies
  9. Telephone, Internet
  10. Donations to registered charities/building funds
  11. Income Protection
  12. Other expenses not listed above
  13. Tax Offsets
  14. Low Income and Low and Middle Income Tax Offset