Be Ready for the Tax Season – Tax Return 2016 Kew
It is official – the New Financial Year is here. Now is the perfect time to make an appointment for your Tax Return 2016 Kew, and feel confident knowing that all of your Individual and Business Tax Return commitments are met. At MAS Tax Kew, we can process and lodge your tax return 2016, and ensure that you receive the best possible refund amount by legally maximising your return.
At MAS Tax Kew, we have spent countless hours researching and monitoring the current tax laws and accounting techniques, to ensure that you receive up-to-date services and advice. Using our tax knowledge and industry expertise, we can help you to easily organise and maximise your tax return 2016 Kew. We aim to achieve this by providing a personalised service to each of our clients and considering more than just your standard tax return details.
To help you to maximise your Tax Return 2016 Kew and feel organised this Tax Season, we have put together a quick list of the items you will need to for eligible tax claims, and what to bring to your Tax Return Appointment. These include:
-
Claiming eligible tax deductions:
- Keep your receipts and invoices for work-related expenses: It’s important that you keep an organised record, either paper or electronic, of your work-related costs. To be able to claim a work-related expense, the purchase must have been for your job, paid using your own money, and you were not later reimbursed by your employer. This could include office supplies, tools, a compulsory uniform, and mobile phone or internet expenses.
- Vehicle Logbook: If you need to travel for work, you may be able to claim some of the travel costs in your tax return, including fuel and car expenses. For this, you will need to keep a detailed vehicle logbook, which includes information about the time and distance of each trip, and your fuel receipts. You will need to record your trip details for 12 continuous weeks, for every 5 years, and this will then represent your vehicle usage for each financial year during the 5-year period.
DOWNLOAD our MAS Tax Car Logbook for your work and/or business-related travel trips. Remember to keep a separate logbook for each vehicle.
- Keep any other relevant documents, such as any payment summaries, bank statements, receipts for work-related expenses and repairs, contracts, and rental records.
Deduction allowances will vary between jobs and industries, so you should always keep your relevant receipts, logbooks and documents, and seek advice from your Accountant. We can advise you on whether or not you can make a certain tax claim.
RELATED: Find more information on deductions you can claim at the ATO website
-
What to bring to your appointment:
- Full name details
- Date of birth details
- Your Tax File Number (TFN)
- Your Income/revenue documents, including Group Certificates, any lump sum payments, bank account interest, and any other income
- Documents to support your tax deduction claims, as listed in the above section.
Be organised this Tax Season and feel tax confident going into the New Financial Year. By being prepared for your tax return appointment, you can save time, save money and stress less.
Learn more about our Kew Office including the Tax, Accounting and Business Services we provide
For further information or to make an appointment with a Tax Professional in Kew, please contact us below or call us on 1300 627 829
