2024 ABN / Sole Trader Tax Return Checklist

Please ensure that you have completed a separate
PAYG Tax Return Checklist if you have earned PAYG income

All paperwork can be uploaded directly to your document hub or
emailed to us at admin@taxinvestaccounting.com.au

PERSONAL DETAILS

Name

Mobile Phone

Email Address

Address

BUSINESS DETAILS

Describe your business activity

Do you have a business name? If yes please list it below

Registered Business Name

Business Address if different to your home address

ABN & GST

What is your ABN?

Is your business registered for GST?
Did you know that you are required to register for GST if your annual sales in your business is over $75k or if you provide taxi or limousine travel for passengers (including ride-sourcing) you must register for GST immediately!

Please select

We will need to verify your business income and expenses.

If you have accounting software please let our team know
so we can arrange access to your program.

If you do not have software please provide your bank statements for 01/07/2023 to 30/06/2024. Additional charges will apply for bookkeeping.

If this is your first year with us at Tax Invest Accounting, please provide a full copy of your 2023 Tax Return inc business and depreciation schedules

All paperwork can be uploaded directly to your document hub or
emailed to us at admin@taxinvestaccounting.com.au

INCOME

How much gross income did your business earn between 01/07/2023 to 30/06/2024

EXPENSES

General Business Expenses

Please provide total costs for the following expenses in your business. If there are no costs for the applicable expense, please type 0

Accounting Fees

Advertising

Bank Fees & Charges

Borrowing Costs

Business Insurance

Cleaning

Contractor Payment

Computer Costs

Donations

Equipment

Government Charges

Hire of Plant/Equipment

Legal Fees

Materials & Supplies

Mobile

Postage

Printing & Stationery

Protective Clothing & Uniforms

Rent - Not inc Home Rent

Repairs & Maintenance

Subscriptions and Memberships

Travel and Accomodation

Motor Vehicle Expenses

There are two methods that you can choose
Set Rate method up to 5000kms or the Logbook method.

Set Rate Method up to 5000kms. Please state the total of kms travelled for 01/07/2023 to 30/06/2024. Please provide evidence

Set Rate Method: Total kms travelled

LogBook Method. Please complete all costs below for the year 01/07/2023 to 30/06/2024, please provide evidence of all costs

Fuel

Insurance

Registration

Repairs / Services

Parking

Tolls

Cleaning

Did you purchase a new vehicle this financial year?
If yes please provide a copy of the invoice and finance contract if applicable

Please select

Home Office / WFH

Did you work from home or have a home based small business?

There are two methods that you can choose - Fixed Rate of 67c per hour WFH or the Actual Costs method.

To be eligible to claim the Actual Costs method you will need a designated work space, it does not need to be a separate room.

Most small business owners use the actual costs method so they can claim a portion of their rent (if applicable)

Fixed Rate Method - 67c per hour. Please provide your proof of hours worked for 01/07/2023 to 30/06/2024

Fixed Rate - total hours worked

Actual Costs Method. Please complete and provide all costs below for the year 01/07/2023 to 30/06/2024

Electricity

Home Office Furniture

Internet

Rent - Home Only

Additional Information

Enter any additional information or queries that you would like to discuss with your Accountant

All paperwork can be uploaded directly to your document hub or
emailed to us at admin@taxinvestaccounting.com.au

Please retain your records for 5 years from lodgement

Digital Signature

Please digitally sign to consent to this form