Thank you for using Gateway Tax & Advisory as your trusted tax advisor.
So that we can complete your tax return efficiently and accurately and to maximize your claims, we ask that you take the time to review the following checklist/questionnaire – remember it’s only once a year and, the ATO requires us to notate the details of each and every claim made!
Grab a cuppa and all of your tax paperwork. Write down what you have for each category of expenses. Review the gaps and consider if you may have missed something. You can then go back through receipts, bank or credit card statements, emails, or even contact suppliers. This is a sure way to ensure you are claiming everything you are entitled to! If you need to make any additional notes regarding anything on this form, there is a space at the end where you can do this before submitting it.
In relation to substantiation, you are required to retain records for either 2 or 5 years from the date you lodge your return depending on the complexity of your return. We often get asked if there is a minimum you can claim without receipts. Unfortunately, there are no automatic deductions and a receipt or written evidence is required for all claims made.
We note that complete ATO Portal Reports will not be available until mid-late August, so please ensure you bring all of the information requested and do not assume that we will have the details from the ATO. Failure to provide all of the information requested will hold up the preparation of your return.