Tax Checklist
4.8/5 with 308 votes
Table of Contents
Introduction
Our Tax Checklist is designed to streamline your tax preparation process by outlining all the necessary documents and information you need to gather. From income statements to expense records, this comprehensive template covers every aspect of your tax filing, ensuring nothing is overlooked. Click Save to customize this checklist using our Checklist App, allowing you to sync across devices and collaborate effortlessly with your tax advisor or family members. Stay organized and make tax time stress-free!
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- Income Items
- Bank statements indicating the nature of each deposit.
- Reconciled cashbook including drawings taken from the business before banking.
- Debtors listing.
- QuickBooks/MYOB files.
- Bank statements with total interest received.
- Statements of rental income received.
- Statements of shares purchased, sold or held.
- Dividend statements.
- Disposal of plant and property.
- Capital gains.
- Details of any assessable government industry payments.
- Bank statements, receipts, invoices, cash book records of any other income.
- Annual turnover.
- Expenses Items
- Statements for all loans owing by the business, with an end of financial year balance and interest paid.
- Copies of payment summaries and annual reconciliation for salaries and wages.
- Information relating to super contributions made for each employee and director.
- Rental property expenditure.
- Motor vehicles expenditure and log books.
- Travel expenses.
- Details of insurance policy, provider, premiums, amount covered.
- List all business assets showing date of purchase, price, description, hire purchase or lease details.
- Details of any repairs or maintenance to business assets during the tax year.
- Leased plant and motor vehicles.
- Superannuation contributions.
- Petty cash expenditure summary, expense items
- Documentation of other items you think might be deductible - cheque butts, receipts.
- Other Items
- Bank statement with BSB number, account name and account number.
- Value of opening stock and closing stock.
- Invoices showing value of purchases made throughout the year.
- Value of work in progress.
- Creditor and debtor details.
- Information about payments to related parties eg loans to family members.
- Personal income tax/investment details.
- Spouse/children income and investment details.
Download or Print this Tax Checklist
Get a printable version of this checklist in your preferred format: PDF, Word, Excel, or print directly from your browser.
Presented by:
John F. Smith
Stats
Views
142
Views: 142
Uses
13
Uses: 13
Tasks
37
Tasks: 37
Who it's for
This Tax Checklist is for teams that want consistent execution, less rework, and clear ownership.
- Standardize quality - run the same Tax steps every time, regardless of who executes
- Save time - reuse a proven Tax workflow instead of rebuilding processes from scratch
- Improve accountability - assign owners and see what's done vs. what's pending
- Onboard faster - use the Tax checklist as the SOP and training guide
- Coordinate across roles - handoffs are clear and everyone works from the same source of truth
How to use it
How to use this Tax Checklist:
- Start by saving it - save as a Template if you'll reuse it, or as a Checklist if it's a one-off project.
- Customize it once for your workflow - remove what doesn't apply and add your team-specific steps.
- Assign ownership and execute - set owners/due dates where needed and track completion as work happens.
- Reuse without rebuilding - when Tax comes up again, start from your saved version and run it with clear ownership.
Rate this Checklist
5 stars
Scores 4.80 with 308 votes