At Kennedys Accountants our team stay up to date with the latest in accounting and tax minimisation strategies through CPD (Continual Professional Development) which means we are continually being educated in ways to save you money, minimise your tax and grow your wealth. We aim to make your income tax return as stress-free as possible. Whichever way you would like your tax return done we can help. Some people like a one on one appointment in our office; others simply drop off their information and others who find it hard to get to the office we assist online. At the end of the day we want to get you the Maximum Refund legally possible.Tax return

WHAT WILL YOU NEED:

So we can make the most of your tax appointment and maximise your refund, you will need to bring a few documents and receipts with you.

INCOME STATEMENTS

  • PAYG Payment Summaries (previously Group Certificates) you should be provided a copy from your employer.
  • Payment Summaries from Centrelink for example, Newstart, Youth Allowance, Disability Pension
  • Eligible termination payments
  • Interest earned from bank accounts
  • Share dividend statements
  • Annual tax statements from trusts, managed investments, property and cash management trusts
  • Income and expenses from investment properties

DEDUCTIONS & EXPENSES

  • A list of work-related expenses (with receipts). This includes your motor vehicle log
  • Receipts of charitable donations
  • Interest and fees on investment loans
DEDUCTIONS & EXPENSES CONT’D

  • Donations to charities
  • Fee charged for previous year’s tax return
  • Income protection insurance
  • Sickness and accident insurance
  • Private health insurance
  • Any extra superannuation contributions
  • Amount of HELP debt or Financial Supplement loans outstanding
  • Out of pocket medical expenses for disability aids only in excess of $2,265

OTHER DETAILS

  • Bring the details of your spouse, including their date of birth and taxable income to check if you may be eligible for tax benefits.