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Business Tax Preparation Documents checklist

List of documents you'll need for your Appointment

Business Tax Return Checklist
New Clients – a copy of prior year return and financials
Backup of Data File please make note of the following:

Software package (e.g. MYOB, Quickbooks) Version
(e.g. Premier v17.6) and Password.
Please ensure that bank accounts in the datafile are
reconciled to bank statements.
Copies of all bank statements indicating opening &
closing balance for the financial year.
Copies of all BAS statements for the financial year
Income

Stocktake details as at 30 June where applicable
Details of Capital Gains Tax assets (e.g. stock, shares and
real estate) sold, including dates of, and costs associated
with, acquisition and disposal (including settlement
statements and Sale/purchase agreements.
Dividends, including details of franking credits.
Income from foreign sources, including details or
foreign taxes paid.
Deductions

Bad debts actually are written off during the year
Gifts or donations of $2 and over to deductible entities
Legal expenses
Lease documents for motor vehicles, premises
and equipment
Car expenses (remember to include petrol, repairs and
parking and maintain a log book where necessary)
Odometer reading of all vehicles at the 31st March 2005.
Liabilities

New loans that were taken out during the year and their
purpose; including any new lease or hire purchase
agreements.
Statements from the lending authority detailing the
opening and closing balances of existing loans during
the financial year.
Creditors listing as at 30th June.
Asset
Details of loan accounts to directors, shareholders,
beneficiaries and partners.
Debtors listing (including a list of bad debts written off)
as at 30111 June. NB in order to claim a deduction,
the debt must be written off on or before 30th June.
Details of depreciable assets acquired and/or disposed
of during this income year including:
Type of asset, Date of acquisition, Consideration received/

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                                              Omar Financial Help Center

                                              We have put together a list of some of the most frequently asked questions about our various Services. If you are unable to find the answer to your question or need further assistance please contact us , and one of our teams will be in contact with you as soon as possible.
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