Documents to bring to your appointment
Clients often ask us what documents they should have in preparation for their tax appointment. One of the simplest ways to work out what to bring is to look at your previous year’s tax return. This will remind you which categories of income, deductions and tax offsets apply to you.
You need to be able to prove (or substantiate) your deductions. This usually means keeping receipts or tax invoices for the amounts you have spent. However there are some exceptions.
- If your total claim for work related deductions is under $300 you are not required to keep written evidence.
- Home office expenses can be claimed without reference to receipts or utility bills. You can claim 45 cents per hour to cover certain expenses, however you should keep a four week diary of home office as substantiation.
- You do not need written evidence to claim motor vehicle expenses using the set rate or cents per kilometre method. But don’t just invent work trips – you still need a verifiable basis for working out your claim. There are several methods for claiming car expenses but cents per kilometre usually provides the best deduction where your business related trips are infrequent.
Here are some specific examples of what you should bring to your appointment