Most individuals are familiar with what income needs to be declared in their annual tax return. However, the question most commonly asked by individual taxpayers is “what deductions can I claim?” You can generally claim a tax deduction for expenses directly incurred in earning your employment or investment income, provided that the expense is not a of a private, domestic or capital nature.
To help us prepare your tax return quickly and efficiently it’s important that you provide us with all the information we need upfront. If you aren’t sure what you need to bring, then ask us to email you a checklist.
Below is a sample checklist of information to bring to your appointment.
For a more detailed checklist or to discuss any issues in more detail, please contact us. For more information about claiming tax deductions, go to www.ato.gov.au and search for “Guide to Claiming Deductions”.