INDIVIDUALS

Reduce tax and increase profits now.

 

For the best tax and business advice, ring and arrange an obligation free meeting to discuss the possibilities.

Want some help; some practical, down-to-earth, smart advice?

 

May Klye & Associates understand what you want, a straight-forward answer with no hedging. Whether it’s business planning, growth strategies, structuring, retirement advice or just some tax questions, we can draw on years of practical experience to provide the right answer for you.

For a considered second opinion on all matters, both financial and commercial, contact us. We are experienced in the provision of accounting and business management advice concentrating on regular reporting and analysis, in order to monitor progress and success.

INCOME

 

What to show in your tax return

  • Employer

  • Payment Summary (Group Certificate) from employer(s)

  • ETP payment certificate

  • Government

  • Centrelink, Austudy and government and other pension document

  • Family Tax Assistance Statements of Benefits

  • HECS details (if any)

  • Superannuation fund

  • Pension or lump sum withdrawal document

  • Cash and Share Investments

  • Bank statements & saving books with interest entered as at 30 June

  • Distribution, interest & dividend slip

  • Details of purchases and sales of investments

  • Rental property

  • Details of all rents received

  • Family

  • Details of spouse’s income

To calculate your income, use the below income tax calculator:

EXPENSES

What to claim in your tax return

  • Work

  • Receipts for all work-related expenses and deductions

  • Motor vehicle log books for deductible work travel

  • Business

  • Details of all income and expenses, bank statements, cheque butts, deposit books and details of all assets used in the business and their costs, etc.

  • Rental Properties

  • Agent’s statements and details of all expenses, interest, council and water rates, levies, repair and maintenance, travel, etc.

  • Companies

  • Last year’s financial statements, general ledger print out, trial balance, bank statements, cheque butts, deposit books and details of all assets used in the business and their costs, etc.

  • BAS and IAS returns lodged

  • Personal

  • Receipts for donations and work-related self – education expenses

  • Private Health Insurance certificate/premium notice

  • Unreimbursed medical expenses over $2,162, details of all medical expenses

  • Self education expenses

OTHER

  • Last year’s tax return & assessment notice

  • Anything else you think relevant

OPENING HOURS

Monday to Friday 9am - 5pm

314A Bay Road Cheltenham Vic 3192

Please call for an appointment 03 9585 7555

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