Annual Tax Compliance Checklist

Your Name *

Business Name *

Has anything changed in your business that we need to be aware of? Eg. New registered business address, changed accounting software etc *

YesNo

Please let us know what we need to update *

Business Information

Bank & Credit Card Statements

We need your business bank & credit card statements to tie the bank account balance in your accounting software back to what the balance in the statement is. It helps us confirm accuracy and completeness of the file.

Please provide statements (or screenshots if statements are not available) of ALL business bank and credit card accounts at the 30th of June. Please ensure you include savings accounts, term deposits, loan accounts etc.

Have you already provided us with your business bank & credit card statements at 30th June? *

YesNo

How have you provided them? *

Please attach copies of business bank & credit card statements as at 30 June *

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Accounts Receivable & Payable

Please review your Accounts Receivable (Debtors) and Accounts Payable (Creditors) and let us know if anything is old and can be written off. For those of you who pay tax and/or GST on an accruals basis, this will have a direct impact on your Taxable Income and/or GST liability.

If you don't know how to check this, please reach out to your accountant.

Are all your accounts receivable (debtors) current/accurate? *

Please let us know which debtors and if they can be written off. *

Are all your accounts payable (creditors) current/accurate? *

Please let us know which creditors and if they can be written off. *

Stock & Work in Progress (WIP)

Do you have Stock or Work in Progress? *

YesNo

What is your Stock figure at June 30?

What is your Work in Progress (WIP) figure at June 30?

If you have a report to support your stock or WIP figure (say from a stocktake), please upload it here

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Fixed Assets

Fixed assets are more expensive purchases, so we typically need copies of the invoices.

Fixed assets can include any of the following (please provide an invoice if the purchase amount is greater than $10,000):

Motor Vehcles
Plant & Equipment
Office Equipment

Have you purchase any new Fixed Assets this financial year? *

YesNo

Have you already provided us with the Invoices? *

YesNoI'm not sure

Please upload the relevant invoices here *

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GST

As a part of the preparation of your accounts, we will reconcile your GST liability to make sure you have paid/claimed the correct amount. In some cases, we will need to adjust specific transactions that will create a GST adjustment.

If there is a GST discrepancy, we would suggest amending the final June BAS (or other most logical).

If a GST Amendment is required, would you like us to complete it for you? *

Please note that we will charge an additional fee to prepare and lodge the BAS amendment.

Loans

If you have loans in your business (this includes finance facilities on motor vehicles or other fixed assets), it is important that we ensure the balances are correct each year.

Do you have any business loans? *

YesNo

These loans may be from the bank, from short-term finance providers (Paypal, Tyro etc) or from equipment leasing and financing suppliers.

Were any new this year? *

YesNo

Please provide the completed loan agreement confirming loan amount, term, borrowing fees and interest rate *

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Please provide the statements for the current financial year (if they are available)

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Other Matters

There is some other information that may or may not be useful to us when preparing your accounts and tax returns. Please review the following and if anything is relevant, complete them giving us as much information as possible.

Are you happy with the performance of your business this year?

YesNo

If you want to, please provide some more information

What is the number one goal for the business in the next 12 months

What is the biggest pain point in your business right now?

Does your annual income impact things such as child support, family tax benefit, child care subsidy etc?

Child SupportFamily Tax BenefitChild Care SubsidyOther

What have you estimated your income will be for the current year? Is there an amount that it cannot exceed?

Have you reviewed your will in the last 2 years?

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