July 2015 Newsletter

It’s Tax Time!

Thank you for the opportunity to prepare your tax return last financial year and once again we look forward to preparing and lodging your return for 2015.

Interactive Tax Consultants has continued to grow thanks to your ongoing support and we now have a qualified team of staff to assist you in a wide range of services including individual tax returns, investment property and Capital Gains Tax advice, small to medium businesses structures, bookkeeping and BAS. Please see our website for more information about our services, monthly newsletter, rates and depreciation calculator.

If it is more convenient you can scan and email us your information or post to our PO Box we will email or post a copy of the tax return to you to sign once completed. You can also use Dropbox or any other file sharing application.

Saturday mornings and after hours are available by appointment, please see the list of documents and information below that you will need to lodge your tax return.

We look forward to hearing from you soon, to make an appointment for myself or one of my staff please call or email.

Financial Year Ended 2015.

  • PAYG Payment Summaries.
  • Interest earned on bank accounts.
  • Foreign income and foreign investment losses
  • Dividend statements including dividend reinvestments.
  • Employee option and share scheme documentation.
  • Financial summaries from managed funds and other financial institutions.
  • Total interest charged on margin loans and other investment loan products.
  • All Buy and Sell Contract Notes from shares sold during the year.
  • Private Hospital Cover details.
  • Ipad, tablets, work related apps, computers, software, and antivirus, upgrades, mobile phone, and internet, stationary and home office running costs.
  • Foxtel where used for research
  • Seminars & conference fees including travel & accommodation, books & journals
  • Union fees, tools and equipment, protective clothing or uniform with logo, sunscreen, sunhat and sunglasses,
  • Income protection insurance
  • First Aid training
  • Education expenses in excess of $250 including related travel.
  • Log book for work related motor vehicle expenses were work travel was greater than 5,000 km.
  • Total amount of work related km’s traveled were total work traveled under 5,000 km.
  • Rental property statements, interest charged and related expenses (please check this website for an extensive list.) There is also a link to a tax depreciation calculator, to give an estimate of depreciate deductions.
  • Charitable donation receipts.
  • Medical expenses in limited circumstances.
  • BSB and Account Number for a quick refund by direct deposit into your bank account.

As a tax agent I can offer extensions between March 2016 and May 2016, please contact the office for your specific date.

Interactive Tax Consultants has associate practices in financial planning, commercial law, and mortgage broking to assist with your wealth management strategies including Self Managed Superannuation Funds, so please ask if you require no obligation information or assistance in any of the areas mentioned.

We look forward to hearing from you soon!

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Welcome to the InterActive Tax Consultants’ news – part of our personal and easy to understand approach to taxation. We are committed to working with you to achieve the best results for your business. If you have any question or would like more information on any of the articles please contact us.