2020 INDIVIDUAL INCOME TAX RETURN CHECKLIST

IMPORTANT NOTE The below checklist is to assist you with compiling your information for your 2020 income tax return. Completing this checklist does not guarantee that we have asked for all relevant information, or that you have provided all relevant information. If there is information you think is relevant that is not included in the checklist please ensure you advise your client manager when returning your completed checklist.

IMPORTANT NOTE – WORKFLOW MANAGEMENT We shall endeavour to ensure that your income tax return is lodged with the ATO by the due date, provided ALL relevant information and documentation is received in a timely manner (by 31 March 2021 for returns due 15 May 2021, or as advised by your client manager). If the relevant information and documentation is not received by the due date, we are not able to guarantee that your 2020 tax return will be lodged on time.

PERSONAL DETAILS:

NAME:

OCCUPATION:

DATE OF BIRTH:

TFN:

PHONE:

EMAIL:

RESIDENTIAL ADDRESS:

POSTAL ADDRESS:

RESIDENCY STATUS (please circle) Resident full year / non-resident full year / status changed during year

DEPENDANTS:

SPOUSE NAME:

DATE OF BIRTH:

CHILD NAME:

DATE OF BIRTH:

CHILD NAME:

DATE OF BIRTH:

CHILD NAME:

DATE OF BIRTH:

CHILD NAME:

DATE OF BIRTH:

BANK ACCOUNT DETAILS: The ATO now issues all income tax refunds via Electronic Funds Transfer (EFT) only. In order for us to comply with this requirement we will require details of a nominated bank account for each individual (including children) into which your refund will be deposited. This account can be a joint account. BSB: ACCOUNT NUMBER: ACCOUNT NAME:

INCOME:

1. PAYG Payment Summaries

a. Salary or wages Yes ☐ No ☐

b. Employment termination payments Yes ☐ No ☐

c. Australian Government allowances and payments Yes ☐ No ☐

(e.g. Newstart, youth allowance etc.)

d. Australian Government pensions and allowances Yes ☐ No ☐

(e.g. Age penion)

e. Lump sum or pension (income stream) from Yes ☐ No ☐

superannuation funds

f. Attributed personal services income Yes ☐ No ☐

Number of certificates attached: ____

2. Interest Income (money received on your bank accounts)

Bank Account No. Gross Interest

Received $ TFN

Withholding $ Joint Account?

3. Dividends

Please provide copies of dividend statements. Dividends received subject to a dividend reinvestment plan (DRP, where the dividend amount is used to purchase additional shares rather than being paid to you) are still income and must go in your return. Please note dividends are taxed when they are received (paid), not on the record date.

ASX Code or Company Name

Payment Date

Unfranked Amount

Franked Amount

Franking Credit

DRP?

4. Employee Share Schemes Have you received any shares, options and/or rights under an Employee Share Scheme?

Yes ☐ No ☐

If yes, please attach the Employee Share Scheme statement issued by your employer.

5. Trusts and Partnerships Have you received distributions from any listed trusts, managed funds or stapled securities? E.g. Westfield, Sydney Airports, BT, Colonial First State, MLC etc.

Yes ☐ No ☐

If yes, please list below and provide a copy of the Annual Tax Statement/Summary for each security. Have you received distributions from any unlisted trusts or partnerships?

Yes ☐ No ☐

If yes, and we do not prepare the trust/partnership’s financial statements and/or tax returns, please list below and provide a copy of the financial statements and tax return.

Did you incur any costs in relation to this income? E.g. interest

Yes ☐ No ☐

If yes, please list below:

6. Business Income

Did you receive any business income or incur business expenses during the year?

Yes ☐ No ☐

If yes, please complete the attached Business Schedule.

Name: Document attached? Name Document attached?

7. Capital Gains and Losses Did you sell any assets (e.g. shares or property) during the year?

Yes ☐ No ☐

If yes, please provide the following information and supporting documents: Listed shares, units and stapled securities - Buy and sell contracts, or other confirmation of purchase and sale date and amount - Details of any mergers, demergers or other cost base adjustments during the period of ownership Property

Purchase documents Sale Documents

Contract of sale

Contract of sale

Settlement Statement

Settlement Statement

Stamp duty

Conveyancing fees

Transfer of land registration

Agent commission

Conveyancing fees

Buyers advocate fee

8. Foreign Income

Did you earn any foreign income during the year?

Yes ☐ No ☐

If yes, please provide details below and attach any supporting documentation

Please note that foreign income can include rental income or losses from properties located overseas, investment in foreign listed and unlisted shares and trust etc. Please see the relevant sections in this checklist for information required for each of your foreign income sources.

9. Rental Income Did you earn any rental income during the year?

Yes ☐ No ☐

If yes, please complete the attached Rental Property Schedule for each property owned during the year.

10. Other Income Did you receive any other income during the year?

Yes ☐ No ☐

If yes, please provide details below and attach any supporting documentation

DEDUCTIONS: Please ensure you are able to substantiate all claims, even if less than $300. Please refer to the attached letter for more information:

1. Motor Vehicle Did you use your own vehicle for work / business purposes during the year?

Yes ☐ No ☐

If yes, please complete one or both of the following sections: Kilometres Method You have not kept a logbook but you use your car for work. The maximum kilometres claimable under this method is 5,000 km per vehicle. You do not need to substantiate via records the specific number of kilometres claimed, but you do have to justify the claim if required. To make a claim under this method, please advise the number of business kilometres you have travelled for work during the year:________________km Please note that travel between home and your ‘normal place of work’ is generally not considered work related travel. Logbook Method You have kept a logbook for 12 consecutive weeks in the past five years. Please provide a summarised breakdown of all expenses incurred for the vehicle during the year, including:

Fuel

Repairs and maintenance

Registration

Insurance

Bank interest

Lease payments

Any other costs

If the vehicle has been purchased this year or you are claiming it for the first time, please provide: - Purchase invoice - Hire purchase or chattel mortgage finance documents

2. Work Related Clothing

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

Yes ☐ No ☐

Do you have industry specific clothing? E.g. nurses shoes?

Yes ☐ No ☐

If yes, please provide details below:

3. Other Work Related Expenses

Please provide details Work related travel ______________________________________________________ Seminar or self education costs ____________________________________________ Union / professional body fees _____________________________________________ Home office expenses - Hours worked at home per week _________________ for _____________ weeks - Total electricity, gas and water bills for the year ______________________________ - Home office size in relation to total home floor space (e.g. 15%) _________________ (Note: a diary should be maintained for a ‘typical’ four week period to confirm the hours worked from home)

- Telephone and internet expenses _________________________________________ (Note: a diary should be maintained for a ‘typical’ four week period to confirm the work related usage percentage)

- Stationery / diary / printing etc. ____________________________________________ - Tools and equipment etc. ________________________________________________ - Any other costs not previously mentioned ___________________________________

4. Other Deductions Please provide details Income protection insurance premiums paid during the year ______________________ Expenses incurred in relation to earning interest or dividend income ________________ ______________________________________________________________________

Donations (please list separately) ___________________________________________ Prior year accountant fees _________________________________________________ Personal superannuation contributions _______________________________________ Please also provide a copy of the completed Intent to Claim a Tax Deduction form provided to your superannuation fund, and a copy of the fund’s return Acknowledgement of Intent to Claim Any other costs not previously mentioned _____________________________________

OTHER INFORMATION:

1. Private Health Insurance Did you have private health insurance for any part of the financial year?

Yes ☐ No ☐

If yes, please provide a copy of the annual tax statement provided by your insurer. For the whole financial year, were you and all your dependants covered by private patient hospital cover with an excess of $500 or less (for a policy covering only one person) or $1,000 or less (for all other policies)?

Yes ☐ No ☐

If No, were you and your dependants covered under an appropriate policy for any period

during the year? Yes ☐ No ☐

Your dependants include: - your spouse, even if they had their own income - your children under 21 years old - your children 21 to 24 years old who are studying full time

2. Spouse

Did you have a spouse for the full financial year? Yes ☐ No ☐

If no, did you have a spouse for part of the financial year Yes ☐ No ☐

If yes, please advise the dates you had a spouse during the year: ___ / ___ / ___ to ___ / ___ / ___

Did you pay superannuation contributions for your spouse? Yes ☐ No ☐

If yes, please advise the amount ___________________ If you have a spouse and we do not prepare their income tax return, please advise the following: - Their taxable income and any required adjustments: ______________________________________________________________________ - Their full name and date of birth: __________________________________________ - Their gender and residency status: _________________________________________ A spouse includes another person of any sex who: - You were in a relationship with that was registered under a prescribed state or territory law; or - Although not legally married to you, lived with you on a genuine domestic basis in a relationship as a couple As soon as you start to live with your partner, you are deemed to be spouses for tax purposes.

3. Child Support Please advise the amount of child support you paid during the year _________________

4. Medical Expenses The medical expenses rebate has now been removed except for medical expenses in relation to disability aids, attendant care or aged care. Please provide a schedule of these expenses where applicable.

5. Any Other Information Please provide details of any other information you think might be relevant that has not been covered above _____________________________________________________________________ _____________________________________________________________________ _____________________________________________________________________ _____________________________________________________________________ _____________________________________________________________________

TAXPAYERS DECLARATION I declare that all the information I have provided is true and correct. Signature: _____________________________________ Date: ___ / ___ / ___

RENTAL PROPERTY SCHEDULE PROPERTY DETAILS: Address: __________________________________________________________________ Ownership Percentages: _____________________________________________________ If the property was purchased this year, please advise the following, and provide a copy of the purchase settlement statement: Purchase date (date of contract, not settlement)

Purchase price

Conveyancing / legal fees paid

Stamp duty

Building and pest inspection fees

Other purchase costs

Please also advise the following borrowing costs, and provide a copy of the initial loan statement or loan documents confirming the amounts: Loan establishment fees

Stamp duty on mortgage

Mortgage insurance / LMI

Other initial loan costs

If the property was sold during the year, please advise the following, and provide a copy of the sale settlement statement: Sale date (date of contract, not settlement)

Sale price

Commission paid

Advertising / staging costs

Other sale costs

Did you purchase or scrap any plant and equipment or furniture and fittings during the year?

Yes ☐ No ☐

If yes, please provide receipt for items over $300

Did you undertake renovations during the year? Yes ☐ No ☐

If yes, please provide an itemised list

Did you refinance the loan during the year? Yes ☐ No ☐

If yes, please provide the final statement for the old loan and the initial statement for the new loan

Have you obtained a Quantity Surveyor Depreciation Schedule? Yes ☐ No ☐

If yes, please provide a copy of the schedule if not provided in a prior year

INCOME AND EXPENSES:

INCOME:

Item Amount received as per agent statement

Amount received directly to owner

Rental Income

Other Income: Bonds retained Tenant contributions received Insurance claim amounts

EXPENSES:

Item Date Paid (if known)

Amount paid as per agent statement

Amount paid directly by owner

Advertising for tenants

Bank charges

Body Corporate fees

Cleaning

Council rates

Gardening / lawn mowing

Insurance (landlord and building insurance)

Interest on loans

Land tax

Legal fees

Pest control

Agent Fees

Leasing Fees

GST on Fees

Repairs and maintenance (list below)

Stationery, phone, postage

Water rates

Other costs not listed above

BUSINESS SCHEDULE Please complete the below schedule if you carry out business in your own name and do not provide your individual transaction details to us.

BUSINESS DETAILS Business Name: __________________________________________________________ ABN: ___________________________________________________________________ Business Description / Type: ________________________________________________ Business Address: ________________________________________________________ INCOME AND EXPENSES

Item Total for the year Sales

Other income

Advertising

Bank fees

Cleaning

Contractor payments

Electricity and gas

Fees and licences

Hire of equipment

Home office expenses

Insurance

Interest

Legal fees

Materials and supplies

Motor Vehicle - Fuel - Registration - Insurance - Repairs and Maintenance

Other

Purchases of stock - Amount paid - Closing stock on hand value

Postage

Printing and stationery

Rent and rates

Repairs and maintenance

Subscriptions

Superannuation – staff

Superannuation – personal

Telephone and internet

Tools

Travel

Wages

Other expenses not listed above