Tax Return Requirements for Businesses

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1. A.B.N. Bring details of ABN/GST registration
2. BAS/IAS Copies of self lodged Business or Income Activity Statements
3. CHEQUE BOOKS: For the financial year 1 July – 30 June
4. DEPOSIT BOOKS: For the financial year 1 July – 30 June
5. BANK STATEMENTS: For all accounts in business names, including loan statements
6. CASH/CREDIT CARD EXPENSES: – List all payments made with personal funds
– Identify business expenses on credit card statements
7. CASH BOOK: If income and expenses are recorded in a cash book.
8. NEW ASSETS: Including invoice, loan/lease agreements if any, and date paid
9. SALE OF ASSETS: Include assets sold, trade-ins, amounts received/dates banked
10. PERIODIC PAYMENTS: Mark details of any periodic payments on bank statements
11. SPECIAL DEPOSITS: Mark any injection of personal funds on bank statements.
12. PETTY CASH: breakdown of petty cash expenditure
13. STOCK: Summary of all stock on hand at cost price at 30 June
14. TRADE DEBTORS/CREDITORS: – List of clients and amounts they owe you @ 30 June
– List of suppliers and amounts you owe them @ 30 June
15. WAGES / SUPER: All records of wages, contractors payments and Superannuation
16. INSURANCES: A detailed list of policies, their purpose, and premiums paid
17. TRAVEL EXPENSES: Details of claim, including itinerary, list of expenses etc
18. SOFTWARE BACK-UP: QuickBooks/MYOB/other software, provide disk/USB backup
19. SOFTWARE PRINTOUT: Quickbooks/MYOB/other software print out following reports Trial balance, Profit & Loss and Balance Sheet
20. PAST YEARS RECORDS: Provide copy of last year’s financial statements/tax returns.