Tax return checklist

Tax Return Checklist final

Tax returns are infamously time-consuming and laborious, but half of that struggle is the preparation.

Which receipts, details, and statements will you need? Forgetting to include some aspects of your return could you cost you money, and might ultimately land you in trouble with the Australian Tax Office (ATO).

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Rates last updated July 19th, 2018
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Here we’ve compiled a list of some pre-return information you might need to get together:

Basics

  • Tax File Number (TFN)
  • Bank details: BSB, account number, account holder name, bank name
  • For medical expenses you will also need your medicare number
  • Details of children
  • Last year’s Income Tax Assessment

Choosing a tax agent

Updated July 18th, 2018
Name Product Fee for unlimited income items (Wages) Deduction Item Fees Payment Options Online tax returns On-site tax returns
finder Exclusive: $99 flat fee
Included in flat fee
Credit/Debit card
Bank Transfer
Pay with your tax refund (no upfront payment)
Australia wide
Melbourne
finder Exclusive: This discounted fee is only available to customers who apply for a tax return with A One Accountants through finder. Students, seniors and non-permanent residents enjoy a further discount with a $77 flat fee. Click 'Go to site' and complete the contact form to find out more. T&Cs apply. Option to pay with your tax refund for an extra fee of $22. Lodge returns online, via phone or in person.
$69*
$0 for up to $1000 of deductions
$41 for more than $1000 of deductions
Credit/Debit card
Cash
Australia wide
Sydney
Lodge individual & company tax returns online or in-person. Fast online form with additional options to complete tax returns for investment properties, sole trader tax and share investments.
$79*
$0 when you purchase the $49 income package
Credit/Debit card
Pay with your tax refund (no upfront payment)
Australia wide
N/A
Option to pay with your tax refund for an extra fee of $10 for basic returns. Lodge individual & company tax returns. Fast online form & free live chat.
$80*
$0 for up to $1000 of deductions
$30 for more than $1000 of deductions
Credit/Debit card
Cash
Australia wide
Sydney
Fast and reliable tax returns for individuals, businesses and self-managed super funds (SMSFs).
$80*
Business tax: starting from $250
General deductions: $0
For motor vehicle expenses: $15
Credit/Debit card
Australia wide
Perth
A boutique firm that provides personalised experiences for all customers. Ideal option for individuals and small businesses based in Perth.
$85*
Business tax: starting from $140
$0 for up to 4 deductions
Additional $30 for 5 or more deductions
Debit/Credit card
Bank transfer
Pay with your tax refund (no upfront payment)
Australia wide
Sydney
Option to pay with your tax refund for an extra fee of $50. Receive your tax return within 10 working days. Post-lodgement assistance in debt negotiation also available.
$99*
$0
Credit/Debit card
Pay with your tax refund (no upfront payment)
Australia wide
Melbourne
Option to pay with your tax refund for an extra fee of $20. Lodge individual & company tax returns. Fast online form & free live chat.
$99*
$0 for up to 2 deductions
$29 for additional deductions
Credit/Debit card
Pay with your tax refund (no upfront payment)
Australia wide
Sydney
Option to pay with your tax refund for an extra fee of $29. Online and in-person tax services for individuals, sole traders and companies.
$99*
Business tax: starting from $179
$29 for up to 2 deductions
Additional $29 for extra deductions
Credit/Debit card
Bank transfer
Pay with your tax refund (no upfront payment)
N/A
Melbourne
Option to pay with your tax refund for an extra fee of $29. Basic tax returns over the phone Australia-wide. In-person individual and business tax returns in Melbourne.
$155*
$0 for all work related deductions
Bank transfer
Credit/Debit card
Australia wide
Canberra
Income item fee includes returns on interest, dividends, Superannuation and pension. Additional bookkeeping, BAS and advisory services also available. A flexible option for individuals, sole traders and companies.

Compare up to 4 providers

Updated July 18th, 2018
Name Product Fee for unlimited income items (Wages) Deduction Item Fees Payment Options Online tax returns
finder Exclusive: $99 flat fee
Included in flat fee
Credit/Debit card
Bank Transfer
Pay with your tax refund (no upfront payment)
Australia wide
finder Exclusive: This discounted fee is only available to customers who apply for a tax return with A One Accountants through finder. Students, seniors and non-permanent residents enjoy a further discount with a $77 flat fee. Click 'Go to site' and complete the contact form to find out more. T&Cs apply. Option to pay with your tax refund for an extra fee of $22. Lodge returns online, via phone or in person.
$99*
$0
Credit/Debit card
Pay with your tax refund (no upfront payment)
Australia wide
Option to pay with your tax refund for an extra fee of $20. Lodge individual & company tax returns. Fast online form & free live chat.
$79*
$0 when you purchase the $49 income package
Credit/Debit card
Pay with your tax refund (no upfront payment)
Australia wide
Option to pay with your tax refund for an extra fee of $10 for basic returns. Lodge individual & company tax returns. Fast online form & free live chat.
$69*
$0 for up to $1000 of deductions
$41 for more than $1000 of deductions
Credit/Debit card
Cash
Australia wide
Lodge individual & company tax returns online or in-person. Fast online form with additional options to complete tax returns for investment properties, sole trader tax and share investments.
$99*
$0 for up to 2 deductions
$29 for additional deductions
Credit/Debit card
Pay with your tax refund (no upfront payment)
Australia wide
Option to pay with your tax refund for an extra fee of $29. Online and in-person tax services for individuals, sole traders and companies.
$80*
Business tax: starting from $250
General deductions: $0
For motor vehicle expenses: $15
Credit/Debit card
Australia wide
A boutique firm that provides personalised experiences for all customers. Ideal option for individuals and small businesses based in Perth.
$155*
$0 for all work related deductions
Bank transfer
Credit/Debit card
Australia wide
Income item fee includes returns on interest, dividends, Superannuation and pension. Additional bookkeeping, BAS and advisory services also available. A flexible option for individuals, sole traders and companies.
$85*
Business tax: starting from $140
$0 for up to 4 deductions
Additional $30 for 5 or more deductions
Debit/Credit card
Bank transfer
Pay with your tax refund (no upfront payment)
Australia wide
Option to pay with your tax refund for an extra fee of $50. Receive your tax return within 10 working days. Post-lodgement assistance in debt negotiation also available.
$80*
$0 for up to $1000 of deductions
$30 for more than $1000 of deductions
Credit/Debit card
Cash
Australia wide
Fast and reliable tax returns for individuals, businesses and self-managed super funds (SMSFs).

Compare up to 4 providers

Updated July 18th, 2018
Name Product Fee for unlimited income items (Wages) Deduction Item Fees Payment Options On-site tax returns
$69*
$0 for up to $1000 of deductions
$41 for more than $1000 of deductions
Credit/Debit card
Cash
Sydney
Lodge individual & company tax returns online or in-person. Fast online form with additional options to complete tax returns for investment properties, sole trader tax and share investments.
$99*
$0 for up to 2 deductions
$29 for additional deductions
Credit/Debit card
Pay with your tax refund (no upfront payment)
Sydney
Option to pay with your tax refund for an extra fee of $29. Online and in-person tax services for individuals, sole traders and companies.
$85*
Business tax: starting from $140
$0 for up to 4 deductions
Additional $30 for 5 or more deductions
Debit/Credit card
Bank transfer
Pay with your tax refund (no upfront payment)
Sydney
Option to pay with your tax refund for an extra fee of $50. Receive your tax return within 10 working days. Post-lodgement assistance in debt negotiation also available.
$80*
$0 for up to $1000 of deductions
$30 for more than $1000 of deductions
Credit/Debit card
Cash
Sydney
Fast and reliable tax returns for individuals, businesses and self-managed super funds (SMSFs).

Compare up to 4 providers

Updated July 18th, 2018
Name Product Fee for unlimited income items (Wages) Deduction Item Fees Payment Options On-site tax returns
finder Exclusive: $99 flat fee
Included in flat fee
Credit/Debit card
Bank Transfer
Pay with your tax refund (no upfront payment)
Melbourne
finder Exclusive: This discounted fee is only available to customers who apply for a tax return with A One Accountants through finder. Students, seniors and non-permanent residents enjoy a further discount with a $77 flat fee. Click 'Go to site' and complete the contact form to find out more. T&Cs apply. Option to pay with your tax refund for an extra fee of $22. Lodge returns online, via phone or in person.
$99*
Business tax: starting from $179
$29 for up to 2 deductions
Additional $29 for extra deductions
Credit/Debit card
Bank transfer
Pay with your tax refund (no upfront payment)
Melbourne
Option to pay with your tax refund for an extra fee of $29. Basic tax returns over the phone Australia-wide. In-person individual and business tax returns in Melbourne.
$99*
$0
Credit/Debit card
Pay with your tax refund (no upfront payment)
Melbourne
Option to pay with your tax refund for an extra fee of $20. Lodge individual & company tax returns. Fast online form & free live chat.

Compare up to 4 providers

Updated July 18th, 2018
Name Product Fee for unlimited income items (Wages) Deduction Item Fees Payment Options On-site tax returns
$80*
Business tax: starting from $250
General deductions: $0
For motor vehicle expenses: $15
Credit/Debit card
Perth
A boutique firm that provides personalised experiences for all customers. Ideal option for individuals and small businesses based in Perth.

Compare up to 4 providers

Updated July 18th, 2018
Name Product Fee for unlimited income items (Wages) Deduction Item Fees Payment Options On-site tax returns
$155*
$0 for all work related deductions
Bank transfer
Credit/Debit card
Canberra
Income item fee includes returns on interest, dividends, Superannuation and pension. Additional bookkeeping, BAS and advisory services also available. A flexible option for individuals, sole traders and companies.

Compare up to 4 providers

*This is the minimum fee charged for income item tax returns. The price listed on this table is subject to terms and conditions. To find out more or to receive an accurate quote for your tax return, please visit the agent's website to submit an enquiry.

**The products compared on this page are chosen from a range of products finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms "Best" and "Top" are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

Earnings

  • Payment summaries (PAYG) from any places where you have received an income
  • Information on any lump-sum payments you may have received, potentially through termination payments, Centrelink. Personal injury payouts do not need to be reported if they occurred outside and unrelated to your workplace
  • Details on foreign earnings
  • Any interest received from banks or building societies
  • Statements of dividends received or invested
  • Statements on earnings from managed funds
  • Any other income gained, i.e. from properties or investments
  • If you have a spouse you will need details on their earnings and expenses

Deductions

  • Receipts for gifts and donations
  • Receipts for work-related expenses including transport (mileage), uniforms, technology necessary for your work
  • If self-employed, contributions to superannuation
  • Details about your income protection insurance
  • Costs for managing tax calculations, i.e. tax agents
  • Medical receipts, totalling >$2,120

Yes indeed, tax returns are tedious. But perhaps you have been squirrelling away your receipts all year, and can combine these with the docs above to make it a breezy, stress-easy affair.


DISCLAIMER: Many of the comments in this article are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information applicability to their own particular circumstances.


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