2010 Individual Tax Return Information

2016 Individual Tax Return Information

CLIENT NAME: / CLIENT SIGNATURE: / X

INFORMATION FOR 2016 TAX RETURN

Name:

Spouse Name:

DOB:

Spouse DOB:

Address:

Postal Address:

TFN:

Email:

Phone:

W

H

CHILDREN

Name:

DOB:

School:

Primary/Secondary

School:

Primary/Secondary

Name:

DOB:

School:

Primary/Secondary

School:

Primary/Secondary

PRIVATE HEALTH INSURANCE – Please provide copy of annual tax statement received from Health Fund

Fund Name:

/ Type of Cover:

Membership No:

/ Days Covered:

Rebate Claimed? Yes No

/ Out-of-pocket Medical Expenses: / $
DO YOU HAVE ANY OF THESE ITEMS?
If so, then please download additional forms from our Website – rrfarr.com.au / Investment IncomeRental Properties
Investments SoldMotor Vehicles used for Work

INCOME

1. PAYG PAYMENT SUMMARIES (Please Attach All Slips)

Employer / Occupation / Gross / Tax

2. BANK INTEREST

Bank / Amount / TFN Credits / Bank Charges
$
$
$
$
$
$

3. DIVIDENDS RECEIVED OR REINVESTED (Please provide copies of dividend statements)

Name of Shares / # of Shares Held / Amount Received

4. TRUSTS AND PARTNERSHIPS (i.e. example of trusts is BT funds, Merrill Lynch, AXA etc.). Name of trust or partnership – Please provide documents (including year end Tax Statements) to show income from the funds you list.

Name of Trust / Partnership / Tax Statement Attached

5. ANY OTHER INCOME (Any income you received in the financial year which doesn’t fit into any of the above categories – please provide details)

DEDUCTIONS – Please ensure you are able to substantiate all claims, even if less than $300. Refer to our web site for further information

Work Related Expenses

1. Motor Vehicle Expenses (Please use downloaded forms from our website)

Yes / No

Did you use your own car for business / work purposes through the year

If yes, please provide further information using the downloaded forms from our website rrfarr.com.au

If you have a loan for the vehicle please provide details of the interest you paid over the year and the cost of the car, if you have a hire purchase please provide a copy of the purchase contract.

If you had a lease for your vehicle please provide figures of your lease payments

Kilometres Method: You haven’t kept a log book but use your car for work. Let us know how many kilometres you would have travelled for work. The maximum the tax office allows you to claim is 5000 kilometres. /

Kilometres:

Car Engine Size(i.e. 1.6 litres:

2. Work Uniform

Yes / No

Do you have to wear a logo uniform or protective clothing?

If yes were you out of pocket through the year for purchasing any new items (if so please provide details).

3. Other Work Related Deductions

Expenditure / Details

Diary / stationary / work materials

Union fees / professional bodies

Sickness & accident insurance / income protection

Donations / school building fund

Seminar costs or self-education

Other: (Any costs you incurred that were directly related to your job). Please provide details

REBATES & OFFSETS

1. Spouse / Yes / No

Did you have a spouse for the full financial year
Is your spouse dependant
Does your spouse receive any benefits from Centrelink (Details of benefits )

2. Superannuation

Are you self employed, if yes please provide details of contributions you made to your superannuation for the financial year

Have you made any personal contributions to your superannuation fund?

/ If so you may be entitled to super co-contributions (conditions apply). We do not require any information for your tax return as the process to claim this is automatic between the Australian Taxation Office and your superfund upon lodgement of your tax return

Have you made superannuation contributions on behalf of your spouse?

3. Medical Expenses

You may be entitled to a rebate for your out of pocket medical expenses.
Refer -

Please note that the entitlement to claim medical expenses has changed significantly and is due to be phased out completely by 2019. To be eligible, you must have already claimed a net medical tax offset in the year ended June 2013 & 2014, or the expenses only relate to disability aids, attendant care or age care.

4. Other - Any other information which you are unsure of, or which you would like us to be aware of :

Tax Return - Items to Consider

To maximise your deductions and ensure that your tax return is complete, please review the following suggestions and advise us if any apply to you.

Income
 Employment Income
 Centrelink / Pension Income
 Employment Termination Payment (ETP)
 Interest & TFN Credits
 Dividends, Imputation & TFN Credits
 Partnership & Trust Distributions
 Capital Gains
 Rental Property Income
 Foreign Income
 Business Income / General Tax Deductions
 Work Related Motor Vehicle Expenses
(Log Book may be required)
 Work Related Travel Expenses
(Travel Log required)
 Work Related Clothing & Laundry Expenses
 Work Related Self-Education Expenses
 Other Work Related Expenses
 Dividend & Interest Deductions
 Gifts & Donations
Tax free amount -Pension / Annuity
 Tax Related Expenses
(eg. travel to tax appointment)
Other Items to Consider
 HELP (Higher Education Loan Program)
 HECS
 Child Support Agency Liability
 Health Insurance
 PAYG Instalment Credits
Other Offsets & Tax Credits
 Reportable Fringe Benefits amount / Specific Deductions
 Income Protection Insurance
 Union Fees
 Home Office Expenses
 Seminars
 Overtime Meals
 Briefcase
 Tools & Equipment
 Depreciation
 Calculator
 Electronic Organiser
 Computer Costs
 Software
 Memberships & Subscriptions
 Telephone & Mobile Phone
 Bank Fees
 Interest Expenses
 Sun Protection Deductions

Russell R Farr & Associates

PO Box 1714 Hornsby Westfield NSW 1635

TELEPHONE: 02-99874077

WEB:

Motor Vehicle Information

2016 Individual Tax Return

CLIENT NAME: / CLIENT SIGNATURE: / X
INFORMATION FOR 2016 TAX RETURN – 1 July 2015 to 30 June 2016
Log Book Kept: / YesNo
Period Covered:
Registration No:
Vehicle Make & Model:
Owner of Vehicle:
Driver of Vehicle:
Total Km Travelled in Financial Year:
Business Km in Log Book Period:
Total Km in Log Book Period:
Your Calculation of Business Use %:
Date Purchased: / ____ / ____ / ______ / Purchase Price: / $
 Leased Hire Purchase Paid Cash
RUNNING COSTS / TOTAL FOR YEAR (including GST) / MONTHLY PAYMENTS
Fuel: / $ / Please e-mail, fax or post to our office a
Registration: / $ / copy of your Hire Purchase / Lease
Insurance: / $ / Agreement (if you haven’t already).
Repairs & Maintenance: / $
Lease Payments: / $ / $
HP Payments: / $ / $
Interest Paid: / $
Membership Fees: / $
Parking: / $
Tolls: / $

Rental Property Information

2016 Individual Tax Return

CLIENT NAME: / CLIENT SIGNATURE: / X
PROPERTY DETAILS
Address of Rental Property:
Date Property Purchased: / Date Property First
Earned Rental Income:
Number of Weeks
Available For Rent: / Date Property Built:
Ownership Details:In Your NameIn Joint Names (please supply details)
INCOME – 1 July 2015 to 30 June 2016
Gross Rent: / $
Other Rental Income: / $
PROPERTY DETAILS – 1 July 2015 to 30 June 2016
Advertising for Tenants: / $ / Body Corporate Fees: / $
Borrowing Expenses: / $ / Cleaning: / $
Council Rates: / $ / Gardening / Lawnmowing: / $
Insurance: / $ / Interest: / $
Land Tax: / $ / Legal Fees: / $
Pest Control: / $ / Property Management
Fees/Commission: / $
Repairs & Maintenance: / $ / Stationery, Telephone
& Postage: / $
Travel: / $ / Water Charges: / $
Other:______ / $ / Other:______ / $
DEPRECIABLE ITEMS – 1 July 2015 to 30 June 2016
ITEM / DATE PURCHASED / COST
$
$
$
$
$
IMPROVEMENTS / CONSTRUCTION COSTS – 1 July 2015 to 30 June 2016
Please email, fax or post to our office a copy of your tax depreciation schedule prepared by third party (if you haven’t already)
ITEM / DATE / COST
$
$
$

Russell R Farr & Associates – PO Box 1714 HORNSBY WESTFIELD NSW 1635 GPS Workpapers/Income Tax Preparation/2015 ITR Checklist