2020/21 Individual Tax Return Checklist

2020/21 Individual Tax Return Checklist

Tax saving strategies prior to 1 July 2021.

A good strategy to reduce tax payable is normally to accelerate any income tax deductions into the current income year, which will reduce overall taxable income in the current year. A certified tax advisor can help with tax minimisation strategies and planning

Tax Return Checklist:

  • Claims for deductions
  • Receipts for deductions
  • Car claims and log books

2020/21 Individual Tax Return Checklist:

  • Common claims made by individuals
  • Information Required

2020/21 Year-end Checklist for Business:

  • Maximising deductions for non-SBE taxpayers
  • Accrued expenditure (for all business taxpayers – including SBE taxpayers)
  • Maximising deductions for SBE taxpayers
  • Prepayment strategies – SBE
  • Information Required

Our tax accountants in Dandenong and surrounding suburbs can assist you with all matters relating to tax. Please review the information below and contact our team at Zimsen Partners if you need assistance.

Tax Return Checklist – 2020/21

03 9798 6622