• Small Business Tax Checklist

  • This checklist provides a general list of major issues that should be addressed. The checklist is not designed to be an exhaustive list of all issues that may warrant consideration.

    (*) = required field/s

  • Small Business Tax Return

    Client Details
  • Is this a final return? Please select 'NO', unless you are NOT required to lodge any future returns*
  • Is this your first year as a client with Bove OR running your new business?*
  • Please provide your most up to date business bank account details:*
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  • AUTHORITY FOR BOVE TO COMPLETE

  • Authority*

  • Small Business Tax Return

    Business Income & Expenses
  • 1. Does your business use the internet to buy or sell any goods or services?*
  • 4. Did you cease or commence business in the financial year selected at the start of this form?*
  • 5. Do you have any business income?*
  • 6. Does your business income include Personal Services Income (PSI)?*
  • Do the PSI rules apply to this income?*

  • For more information click here

     
  • 7. Did you receive any business income*
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  • 8. Did you receive any other income?*
  • a) Income or a loss from a partnership*
  • b) Income from a trust*
  • c) Rent*
  • Please fill in rental property details below (relative to the tax period selected at the start of this form):*
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  • d) Car / travel expense (commercial investment properties only)*
  • e) Gross interest**
  • f) Did you purchase property, sell or both?*
  • Properties Sold - please fill in the address details below:
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  • Properties Purchased - please fill in the address details below:
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  • g) Dividends*
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  • h) Other*
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  • 9. Do you have any foreign resident withholding expenses?*
  • 10. Did you incur any contractor, sub-contractor and commission expense?*
  • 11. Do you keep stock?*
  • Do you have any stock that may have a market selling value or replacement value less than cost?*
  • Do you have trading stock items that ceased to be trading stock without disposal (e.g. stock for own consumption or cessation of business)?*
  • 12. Do you have work in progress?*
  • Do you have work in progress as at 30 June and have goods in transit?*
  • 13. Do you have any bad debts?*
  • 14. Do you have any lease expenses?*
  • 15. Do you have any rent expenses?*
  • 16. Do you have any interest expenses?*
  • 17. Do you have any depreciation expenses?*
  • 18. Do you have any repairs and maintenance expenses?*
  • 19. Do you have any car expenses?*
  • Please fill in your vehicle/s details below:
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  • Claim method

  • Set rate/business km:

    • A maximum of 5,000 business km's may be claimed in this method.
    • Please provide business km's traveled (complete in table above).

  • Log book:

    Need a new logbook? Simply download from our website by clicking here.

    The following additional information is required for this method to be used:

    • Odometer readings and business use % (complete above)
    • A valid logbook (must be completed within the last five years and cover a period of 12 continuous weeks)
    • Please complete the checklist below:

    Expenses - Do not provide individual receipts as you will be charged an hourly rate to calculate total expenses. (Logbook Method Only)

  • Please complete the details below:
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  • New car purchase information

     
  • Did you purchase a car during the financial year selected at the start of this form?*
  • Please complete the details below:
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  • Disposal of existing car information

     
  • Did you sell a car during the financial year selected at the start of this form?*
  • Please complete the details below:
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  • Small Business Tax Return

    Business Projects
  • 19. Do you have any salary or wage expenses?*
  • 20. Do you have any other expenses?*
  • 21. Do you have any environmental protection expenses?*
  • 22. Do you have any capital expenditure related to the commencement or cessation of a business?*
  • 23. Do you have any capital expenditure directly connected with a business project?*
  • 24. Do you have any land care operations and expenses in relation to the decline in value of a water facility?*

  • Small Business Tax Return

    Other Items and Reconciliation Items
  • 25. Did you conduct a business activity as a partner in a partnership or as a sole trader that resulted in a loss for that or any related business activities?*
  • 26. Do you have any debtors?*
  • 27. Do you have any creditors?*
  • 28. Do you have Section 40-880 deduction?*
  • 29. Do you have any non-deductible expenses?*
  • 30. Did you withhold tax from payments where an ABN has not been quoted?*
  • 31. Where trading through a company, did you pay dividends?*
  • 32. Did you grant or forgive any loans?*
  • 33. Where trading through a trust, has the trust made a family trust election?*
  • 34. Do you employ a separate Bookkeeper? Are they a member of a professional association; covered by Insurance; and a Registered BAS Agent?*

  • Small Business Tax Return

    Finalise & Submit
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  • Signed Date*
     - -
    2 digit day, 2 digit month, 4 digit year
  • Should be Empty: