Your spouse will also need to complete a separate Tax Return Checklist.

NOTE: If you answer "applicable" to any of the below, please put the amount in the comments section or upload your attachments to the box's provided at the bottom of the "assessable income" section.

Employment income

If you can see your income via the ATO and MyGov then so can we, and you do not have to upload anything here.

Income from running a business

A capital gain will occur when you have disposed of an asset such as property, shares in a company, units in a trust or crypto. If you have sold any of these, then we are likely to need purchase price, purchase date, purchase costs, holding/other costs, sale costs, sale date and sale amount as a minimum. If you are unsure what you need to provide us, please provide as much information/commentary as possible and we will request anything additionally when we complete your return.

An individual can claim motor vehicle (MV) expenses using either the cents per kilometre method, which uses a fixed rate for up to 5,000 BUSINESS OR WORK RELATED kilometres per car, or the logbook method, which requires maintaining a detailed logbook for at least 12 continuous weeks to determine the business-use percentage of actual expenses.

Please Note: Travel between a consistent workplace and your residence IS NOT business or work related travel.

This question is about travel expenses you incur (and not reimbursed by your employer) in performing your work as an employee. They include:

• Public transport, air travel and taxi fares

• Bridge and road tolls, parking fees and short-term car hire

• Meal, accommodation and incidental expenses you incur while away overnight for work

• Expenses for motorcycles and vehicles with a carrying capacity of one tonne or more, or 9 or more passengers, such as utility trucks and panel vans

• Actual expenses, such as petrol, repair and maintenance costs, that you incur to travel in a car that is owned or leased by someone else.

Complete question if as an employee you incurred work-related clothing, laundry and dry-cleaning expenses.

• Protective clothing and footwear, such as fire-resistant clothing, sun protection clothing, safety-coloured vests, nurse’s shoes, steel-capped boots, gloves, overalls, aprons etc that:

  • protect you from the risk of illness or injury

  • prevent damage to your ordinary clothes, caused by your work or work environment. You can claim the cost of protective equipment, such as hard hats and safety glasses at a further question.

• Non-compulsory uniform  that your employer has deemed suitable as a representation of their organisation

• Compulsory uniform  that identifies you as an employee of an organisation. 

• Occupation-specific clothing which are not for everyday use.

Work-related clothing expenses also includes the costs you incurred to launder and dry-clean work clothing from the categories listed above.

You can also claim the cost of repairing any of the above work-related clothing.

You can't claim the cost of plain uniforms or clothes, such as black trousers, white shirts, suits or stockings, even if your employer requires you to wear them.

Work-related self-education expenses are costs you incur to:

• Undertake a course at an educational institution
  

• Attend a work-related conference or seminar

• Complete self-paced learning and study tours

To claim a deduction for self-education expenses, you must be able to show there is a close connection between the course and your work activities at the time you incur the expenses.

You can claim a deduction if either:

• The course maintained or improved a skill or specific knowledge required for your then current work activities

• You could show that the course was leading to, or was likely to lead to, increased income from your then current work activities.

You can't claim a deduction for self-education if either:

• The course relates only in a general way to your current employment or profession

• The course will enable you to get new employment.

Please note that if your employer has reimbursed you of any of these expenses, they are NOT allowable deductions. 

Other work-related expenses are expenses you incurred as an employee and have not already claimed anywhere else in your tax return. These can include:

For your working from home expenses, there are  two methods that we can use to claim a deduction:

• Fixed rate method  – 70c per hour worked from home

  • This rate covers the additional running expenses that you incur as a result of working from home for energy expenses (electricity and/or gas), internet and data expenses, mobile and/or home phone usage expenses, stationery and computer consumables.

  • You don't need a separate home office or dedicated work area to use this method.

OR

• Actual cost method.

You can only claim a tax deduction for a gift or donation to an organisation that has the status of a deductible gift recipient (DGR).

You can claim a deduction for expenses you incur in managing your own tax affairs, such as the cost to lodge through a registered agent.

E.g. You can claim the cost of your previous years tax return here, whether it was with us or your previous accountant. 

Please note that you do not need to include fees paid to LBW Advisory Pty Ltd.  We will inculde these for you.

You may be able to claim a deduction for personal super contributions you make with your after-tax income. For example, from your bank account directly to your super fund.

You can't claim a deduction for super contributions your employer pays directly to your super fund from your before-tax income such as:

• the compulsory super guarantee

• salary sacrifice amounts

If you are claiming a tax deduction for personal super contributions, you will need to complete an intent to claim form, send it to your fund and wait for their response prior to finalising your return. You can obtain an intent to claim form by following the link below:

https://www.ato.gov.au/forms/notice-of-intent-to-claim-or-vary-a-deduction-for-personal-super-contributions/

Deductions for the premiums you pay for insurance against the loss of your employment income.

NOTE: If you answer "applicable" to any of the below, please add amounts in comments and upload attachments to the box's provided at the bottom of the "Rental Property Income & Expenses" section.  

The Expenses only refer to outgoings that were not paid by the Estate Agent.

If you have more than one investment property, could you please summarise each property in the appropriate fields that will appear when you select "Applicable".

LBW Policy requires full payment of our fees prior to lodging your Income Tax Return