Tax Return Sydney! What is required by your accountants to prepare your tax return in Sydney?

Aug 9
07:01

2010

Sargon Odisho

Sargon Odisho

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There are many tax accountants in Sydney that will perform the tax return for you. Some Accountants are certified with CPA, CA or a registered tax agent, some are not qualified. It is also a good idea to learn about your tax return preparation and how it is processed in this article I will discuss some point.

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There are many tax accountants in Sydney that will perform the tax return for you. Some Accountants are certified with CPA,Tax Return Sydney! What is required by your accountants to prepare your tax return in Sydney? Articles CA or a registered tax agent, some are not qualified. It is also a good idea to learn about your tax return preparation and how it is processed in this article I will discuss some point.I recommend you to choose qualified Accountants as they most likely to practice legally. The most important part is can your accountants keep you away from the trouble of taxation law ? well many of us will wish to gain maximum tax return however you need to know if your accountants did the right thing for you.

 

What is needed to process your tax return?

In order to processes your tax return your accountants will required the below information.

-    Your name
-    Your phone number

-    Your Date of birth

-    Your occupation

All income sources group certificates (PAYG payments summaries) and
all other income e.g. Rent received interest received.
-    Current address.
-    Shares dividends.
-    All work related and other work related expenses.
-    Gift or donations to charities and churches.
-    Medical expenses over $1500.
-    Private health fund.
-    Cost of managing tax affairs (last year tax agent's fees).
-   If you have spouse- married or de facto provide spouse taxable
income.
-    If you have any dependant children under 21 years or full time
student under 25 years?

 

Basically you will need to list all your income and work related expenses. Your accountants will also need you to sign the tax return document before they lodge it for you. You will need to be very accurate about the information you provide to your accountant as it will be your responsibility to ensure the accuracy since you are signing the tax return documents.

Advise

Please ensure you list all related work expenses, interest payed on investment such as CFD, margin loan, property investment, and any other investment interest.  Also include travel expenses (only from work to work, or work to uni or TAFE). You may include up to $300 worth of expenses with out receipt. Other expenses will need to be supported by evidence such as tax invoice document or receipt.