2015 Tax

Tax time is coming and many of you are asking about a 2015 checklist.

This year I'm making it freely available. As some of you told me they cracked the password anyway. For those that did, I hope your Dallas Buyers Club letter is in the post.
No serious, I thought this year to just be helpful. My contact details are on page 1 if its of interest...To clients.

This years checklist is a bit more detailed. Obviously as a consequence its also much much longer. Lots of No responses I hope. I have slipped in hyperlinks to ATO information too. For the rentals there is :
1. A separate sheet per property
2. A separate CGT summary per property. CGT costs are a lost deduction IMO. Keeping the info is a vital part of saving tax. That's why I include it in returns I complete.
3. A summary for all your rentals (One per couple is fine)

And I have a worksheet for the 2016 year PAYG Variations. If you are planning on doing a variation do it NOW before the first pays make life complicated.

I'm happy to take feedback on these spreadsheets but remember its free. Its just a simple checklist. It wont do your tax for you. Its not 100% either.

I have been made aware that the PAYG Variation checklist was derived from the property of House of Wealth. I have apologised to them for this appalling misuse of their intellectual property and have removed it for now. If anyone is interested in it of course contact Wilson at HOW who may choose to provide it.
Update : I have reported my own revised PAYG Variation excel file

 

Thanks Paul. That is a terrific resource.

 

Thanks I was looking for something like this!

 

Thanks heaps Paul..

 

Thanks Paul.

 

@Paul@PFI ....thanks for sharing free info.

 

Thanks!

 

The PAYG Variation Checklist is actually the one developed by House of Wealth and is there intellectual property. It even has the House of Wealth logo on the footer and reference to 2013. Paul appreciate if you give credit where it is due.

 

Mike - I agree and my posting has been edited to clearly submit to public flogging. I wont even try to blame the tax agent who shared it with me telling me to use his. !!

 

Well it must be good if everyone else is using it. Also seen the House of Wealth checklists copied by at least 5 other firms as well. As they say copy is the ultimate form of flattery I guess.

 

Hi Paul,
I have added your Tax sheet to the 'Excel List'.
Hope you are ok with it

 

Yeah - You can do the next one too. I cant work out how.

 

Here is my (new) 2016 PAYG Variation checklist if anyone is interested.

 

I have now been given incentive to improve it (?) and freely admit if anyone else wants to improve mine I'm more than happy. I still consider that the value in any checklist sits on the other side of it and applies their skills and experience. to ensure the finished return is well polished and error free.

Just this year I had a client with a DIY variation who claimed the stamp duty as a deduction. Detected when 2014 final return was completed and shortfall reviewed.

 

Thanks Paul !

 

Thank you! @Paul@PFI

 

Thanks Wylie yes I just needed a template