Checklist - Ben Collins CPA

Thank You

For Individual Tax Returns

So I can get things moving, can you please answer the following:

Income

Has your employer changed, or has your job substantially changed?
Aside from wages / interest / dividends… did you have any share sales / asset sales / business income?

Personal Life

If you have a spouse, what was their estimated income?
How many dependent do you have?
Do you have Private Health Insurance? If so, send me the statement when it comes.

Deductions

Are they similar to last year? Has your work situation changed? You can either email me or give me a call to discuss.

ATO Tax Deductions you can claim

For Company Tax Returns

For Xero Users Xero

Visit Xero Central to find out how to add me as an advisor to your account. Please make sure you tick “advisor” and “Payroll Access”.

How to add your advisor to Xero

For MYOB Users Xero

Visit MYOB to find out how to add me as an advisor to your MYOB account so I can extract the reports I need.

How to add your advisor to MYOB

For Quickbooks Users Quickbooks

Visit Quickbooks help to add me as an advisor to your Quickbooks account so I can extract the reports I need.

How to add your advisor to Quickbooks

If you don’t have online accounting, you will need to produce a Profit and Loss, and a Balance Sheet.

Setting up a Profit and Loss

A profit and loss statement tells you how much your business is making or losing. Use our template to set up your profit and loss statement, so you can better manage your business sales.

Please Remember!

If you are registered for GST you must separate the GST from the income and expenses before you put them in the profit and loss.

Set up a profit and loss statement

Setting up a Balance Sheet

A balance sheet shows your business assets (what you own) and liabilities (what you owe) on a particular date. Use our template to set up a balance sheet and understand your business’s financial health.

Set up a balance sheet