Small Business 2015 Tax Checklist

It’s Tax Time again! My Small Business clients are eager to get prepared early this tax time which means I’m going to be one busy Tax Accountant! Are you prepared? Not sure where to start? Use this handy list to gather your documents ready for your Tax Return.   Income

  • Gross receipts from sales or services
  • Sales records
  • Inventory – stocktake for end of year
  • Returns and allowances
  • Other income


  • Advertising and promotion
  • Travel expenses
  • Motor Vehicle Expenses – logbook
  • Internet
  • Telephone
  • Commissions
  • Subcontractors – if you are in the construction and building industry you must provide details of each subcontractor
  • Assets purchased including Hire Purchase documents
  • Business insurance
  • Interest expense
  • Legal fees
  • Bank Fees
  • Office supplies – stationary, office equipment, printing
  • Rent expense
  • Home office – based on the amount of time spent
  • Wages paid to employees
  • Repairs & maintenance
  • Other business related expense

Extra Documents to bring

  • Bank Statements
  • Loan Statements
  • Hire Purchase documents
  • Records kept – MYOB file, Wage book, receipt book, invoice book.
  • PAYG Payment Summaries prepared or incomplete for employees
  • Annual Taxable Reportable form if in building and construction industry

Of course this list is not comprehensive and every business will be different. Speak to your Tax Agent for more help.