Sole Trader Tax Return 2017

2017 Sole Trader Tax Return

Momentous Accounting & Audit Solutions ABN: 16 612 971 409 TAN: 258 667 47
Please complete as much information as possible. If you have any issues please email laura@mmacc.com.au

Compulsory information denoted with a red asterisk
Full Name*

First NameLast Name
E-mail*
Please provide your personal email, not a work email
New ClientReturning Client
- Have any of your personal details changed since last financial year ie, address, phone number etc?*
- Please update personal details below
- Tax File Number*
  I am authorised by the Australian Taxation Office (ATO) to collect your TFN, for the purposes of assisting you with your tax obligations. It is not an offence to refuse to provide a TFN. The consequence of refusing to provide a TFN in this case results in the inability to engage me as your tax agent.
- ABN
- Sex
- Date of Birth*
- Mobile Number*
- Work Number
- Address*
  
  Street Address
  
  Street Address Line 2
  
  CityState / Province
  
  Postal / Zip CodeCountry
- Is your mailing address the same as above?
- Mailing Address
  
  Street Address
  
  Street Address Line 2
  
  CityState / Province
  
  Postal / Zip CodeCountry
- Is your business address the same as above?
- Business Address
  
  Street Address
  
  Street Address Line 2
  
  CityState / Province
  
  Postal / Zip CodeCountry
- Occupation*
- Did you have a spouse during 2017?
- Spouse Name
- Spouse DOB
- Spouse Taxable Income
- NB: If I am not completing their 2017 ITR, further income details will be required
- Do you have private health cover?
- Please upload a copy of your annual statement here
  
  Upload a File
  
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- How many dependants do you have?
- Did you pay any child support? If yes how much?
- Income
- Business Income & Expenses
- ABN Income
- ABN Expenses - Please include total amounts for each work expense.
  
  If you do not have receipts - Bank/Credit Card Statements/transaction listing MAY be acceptable to substantiate. If you're unsure - include a brief description and amount, I'll include if possible or contact you.
- Subcontractors
- Materials
- Tools
  Please attach receipts over $1,000
- Rent of Business Premises
- Work Clothing
  Office/Work wear
- Protective Clothes
  Shoes, safety glasses, sunglasses
- Self Education Costs
  TAFE, seminars, courses, books
- Travel & Accommodation
  Flights, hotels, food, incidentals
- Tolls & Parking
- Donations
  Red cross, cancer council etc.
- Last Years Tax Agent Fee
- Union Fees
- Subscriptions/Memberships
- Telephone
  Total & percentage used for work
- Internet
  Amount and percentage used for work
- Stationery
  Total & percentage used for work
- Electricity
  Amount & percentage used for work
- Computers, Printers
  Total & percentage used for work
- Software
  Amount & percentage used for work
- Any additional expenses not listed, please list here
- Do you use your car for work?
  You can claim a maximum of 5000kms with no receipts, but must be able to explain. Cannot include trips to/from work unless you take significant tools, or work/study materials with you
- You can claim a maximum of 5000kms with no receipts, but must be able to explain.
  
  Cannot include trips to/from work unless you take significant tools, or work/study materials with you
- How many kilometres did you travel for work?
  If you travel more then 5000kms a year for work, please see below
- Higher car expenses claims
  
  You will need a 12 week logbook or receipts for this option.
  
  If you are unsure - please complete and we can discuss.
- Percentage the car is used for work/business purposes
- How much did you pay for each of the following?
- Registration
- Insurance
- Lease Payments
- Loan Repayments
  Please attach agreement if available
- Repairs & Maintenance
- Fuel
- Work Related Insurance Premiums
- Income Protection
- Accident and sickness insurance
- Tools/Public Liability Insurance
- I also earned wages*
- Wage Income
- If any additional amounts are present on you PAYG summary please attach below.
- Payers Name
- Payers ABN
- Gross Payments
- Tax Withheld
- Allowances
  Enter type and amount
- Click to add
- Payers Name
- Payers ABN
- Gross Payments
- Tax Withheld
- Allowances
  Enter type and amount
- Click to add
- Payers Name
- Payers ABN
- Gross Payments
- Tax Withheld
- Allowances
  Enter type and amount
- Click to add
- Payers Name
- Payers ABN
- Gross Payments
- Tax Withheld
- Allowances
  Enter type and amount
- Click to add
- Payers Name
- Payers ABN
- Gross Payments
- Tax Withheld
- Allowances
  Enter type and amount
- Click to add
- Payers Name
- Payers ABN
- Gross Payments
- Tax Withheld
- Allowances
  Enter type and amount
- Were you paid any allowances not listed on your group certificate?
- Please provide details
- Were you paid a living away from home allowance (LAFHA)?
  If yes how much?
- Did you receive any government payments?
  Youth allowance, Pension, Austudy, Newstart etc.
- Type
- Gross Payments
- Tax withheld
- Click to add
- Type
- Gross Payments
- Tax withheld
- Click to add
- Type
- Gross Payments
- Tax withheld
- Bank Interest (eg. savings, investments)
- Interest Earned
- Bank Name
- Interest Earned
- Bank Name
- Shares & Property
- Do you or did you own any shares?
- Were you paid any dividends?
- Have you sold any shares?
- Do you own a rental property?
- Have you sold any property?
- If you answered YES to any of the above please attach/forward all payment advices.
  
  NB: Further information will be required, or please attach what you have below.
- Rental property, share information
  
  Upload a File
  
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- Attach any supporting documents
  
  Upload a File
  Additional space at the bottom of this page to attach documents. Cancelof
- Expenses
- Please include total amounts for each work related expense.
  
  If you do not have receipts - Bank/Credit Card Statements/transaction listing MAY be acceptable to substantiate.
  
  If unsure - Include a brief description and amount, I'll include if possible or contact you.
- Standard Employment Deductions & Expenses
- Uniform - Compulsory
- Work Clothing
  Office/work wear - required but is not a uniform
- Protective Clothes
  Shoes, safety glasses, sunglasses
- Self Education Costs
  TAFE Fees, seminars, courses, text books
- Work Related Travel/Accommodation
  Tolls, parking, public transport, flights, hotels, food, incidentals
- Other work deductions
  
  How much did you pay for each of the following - if not applicable leave blank
- Donations
  Red cross, cancer council etc.
- 2015 Tax Agent Fee
- Union Fees
- Telephone
  Total of bills and percentage used for work
- Internet
  Amount and percentage used for work
- Subscriptions or Memberships
- Stationery
  Amount and percentage used for work
- Electricity
  Amount and percentage used for work
- Computers, Printers
  Amount and percentage used for work
- Software
  Amount and percentage used for work
- Materials for work
- Tools
- Any additional expenses not listed, please list here
- Do you use your car for work?
- You can claim a maximum of 5000kms with no receipts, but must be able to explain.
  
  Cannot include trips to/from work unless you take significant tools, or work/study materials with you
- How many kilometres did you travel for work?
  If you travel more then 5000kms a year for work, please see below
- Higher car expenses claims
  
  You will need a 12 week logbook or receipts for this option.
  
  If you are unsure - please complete and we can discuss.
- Percentage the car is used for work/business purposes
- How much did you pay for each of the following?
- Registration
- Insurance
- Lease Payments
- Loan Repayments
  Please attach agreement if available
- Repairs & Maintenance
- Fuel
- Work Related Insurance Premiums
- Income Protection
- Accident and sickness insurance
- Tools/Public Liability Insurance
- Other
- Did you make a personal Superannuation Contribution?
- Have you lived in a remote area for work?
  No longer includes FIFO only permanent residence in location
- Please upload any supporting documents, copy of receipts or group certificates here. Alternatively email them to laura@mmacc.com.au
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- Were you referred by someone?
- Any additional information or notes please add here
- Bank details for your refund
- Account name
- Account number
  PLEASE DOUBLE CHECK
- BSB
- Please check that you have completed as much of the form as possible, and when ready, press 'Next' below to complete declarations and submit.
- Liability limited by a scheme approved under Professional Standards Legislation

Declaration
I confirm the appointment of Momentous Accounting & Audit Solutions as my tax agent.I declare everything I have provided in this form is true and correct.I have read, understand and accept the client engagement agreement set out below
Please sign here using your mouse*

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Engagement Agreement
Dear Client, This letter is to confirm our understanding of the terms of our engagement and the nature and limitations of the services that we provide. Purpose, Scope and Output of the Engagement This firm will provide taxation services, which will be conducted in accordance with the relevant professional and ethical standards issued by the Accounting Professional & Ethical Standards Board Limited (APESB). The extent of our procedures and services will be limited exclusively for this purpose only. As a result, no audit or review will be performed and, accordingly, no assurance will be expressed. Our engagement cannot be relied upon to disclose irregularities including fraud, other illegal acts and errors that may exist. However, we will inform you of any such matters that come to our attention. This engagement includes the entire financial operations of the Client. Tax Returns will be prepared for distribution to the Australian Taxation Office for the agreed purpose of tax compliance. There is no assumption of responsibility for any reliance on our report by any person or entity other than yourself and those parties indicated. The report shall not be inferred or used for any purpose other than for which it was specifically prepared. Accordingly, our report may include a disclaimer to this effect. Period of Engagement This engagement will take effect on the date of your electronic agreement to these terms. The first period for which we will be responsible by the terms of this agreement, is the financial year ending 2017. We will not deal with earlier periods unless you specifically asks us to do so and we agree. This engagement document will be effective for future years unless we issue an amended one to you. Responsibilities In conducting this engagement, information acquired by us in the course of the engagement, including any information relating to your affairs whether it belongs to you or not or is provided by you or not, is subject to strict confidentiality requirements. That information will not be disclosed by us to other parties except as required or allowed for by law, or with your express consent. We wish to draw your attention to our firm’s system of quality control which has been established and maintained in accordance with the relevant APESB standard. As a result, our files may be subject to review as part of the quality control review program of CPA Australia, which monitors compliance with professional standards by its members. We advise you that by accepting our engagement you acknowledge that, if requested, our files relating to this engagement will be made available under this program. We may collect Personal Information about you, your representatives, your clients and others when we provide services to you. If we do, you agree to work with us to ensure that we both meet the obligations that we each may have under the Privacy Act 1988 (Cth) (as amended) (Privacy Act). The obligations may include notifying the relevant person to whom the personal information relates who we are and how we propose to use their personal information. Where you have collected personal information, you confirm that you have collected the personal information in accordance with the Privacy Act, that you are entitled to provide this personal information to us and that we may use and disclose the personal information for the purpose/s we provide our services to you. We will handle personal information in accordance with the Privacy Act. You are responsible for the reliability, accuracy and completeness of the accounting records, particulars and information provided and disclosure of all material and relevant information. You are required to arrange for reasonable access by us to relevant individuals and documents, and shall be responsible for both the completeness and accuracy of the information supplied to us. Any advice given to you is only an opinion based on our knowledge of your particular circumstances. You or your staff are responsible for maintaining and regularly balancing all books of accounts, and the maintenance of an adequate accounting and internal control system. You have obligations under self-assessment to keep full and proper records in order to facilitate the preparation of accurate returns. It is your responsibility to keep those records for five (5) years. A taxpayer is responsible under self-assessment to keep full and proper records in order to facilitate the preparation of a correct return. Whilst the Commissioner of Taxation will accept claims made by a taxpayer in an income tax return and issue a notice of assessment, usually without adjustment, the return may be subject to later review. Under the taxation law such a review may take place within a period of up to four (4) years after tax becomes due and payable under the assessment. Furthermore, where there is fraud or evasion there is no time limit on amending the assessment. Accordingly, you should check the return before it is signed to ensure that the information in the return is accurate. Where the application of a taxation law to your particular circumstances is uncertain you also have the right to request a private ruling which will set out the Commissioner’s opinion about the way a taxation law applies, or would apply, to you in those circumstances. You must provide a description of all of the facts (with supporting documentation) that are relevant to your scheme or circumstances in your private ruling application. If there is any material difference between the facts set out in the ruling and what you actually do the private ruling is ineffective. If you rely on a Private Ruling that you have received, the Commissioner must administer the law in the way set out in the ruling, unless it is found to be incorrect and applying the law correctly would lead to a better outcome for you. Where you disagree with the decision in the private ruling, or the Commissioner fails to issue such a ruling, you can lodge an objection against the ruling if it relates to income tax, fuel tax credit or fringe benefits tax. Your time limits in lodging an objection will depend on whether you are issued an assessment for the matter (or period) covered by the private ruling. Involvement of Others Where, as part of our engagement, the services of an external consultant or expert are required, an estimated cost and timeframe and involvement will be provided to you for your approval. Storage of Personal Information By signing this letter and accepting these services you acknowledge and agree that your personal information may be stored overseas. Fees The fee arrangement is based on the expected amount of time and the level of staff required to complete the taxation services as agreed. The fee includes all consultation and correspondence in relation to the lodgement, except whereby it is explicitly expressed beforehand. The client will be advised, where possible, of miscellaneous expenses which are incurred to complete the engagement, and are in addition to the agreed upon fee. This fee arrangement will be subject to change if the following circumstances should occur: an amended is required where the client is deemed responsible for the provision of incomplete or inaccurate information, with intent or otherwise. We anticipate issuing a fee invoice upon completion of providing the agreed services. Limitation of Liability Our liability is limited by a scheme approved under Professional Standards Legislation. Further information on the scheme is available from the Professional Standards Councils’ website: http://www.professionalstandardscouncil.gov.au. Ownership of Documents All original documents obtained from you arising from the engagement shall remain your property. However, we reserve the right to make a reasonable number of copies of the original documents for our records. Our engagement will result in the production of income tax returns, and where applicable, financial statements. Ownership of these documents will vest in you. All other documents produced by us in respect of this engagement will remain the property of the firm, subject to any statutory obligations. The firm has a policy of exploring a legal right of lien over any client documents in our possession in the event of a dispute. The firm has also established dispute resolution processes. Confirmation of Terms Your electronic acceptance indicates that this agreement is in accordance with your understanding of the arrangements. This letter will be effective for future years unless we advise you of any change. Sincerely, Momentous Accounting & Audit Solutions Liability limited by a scheme approved under Professional Standards Legislation
Liability limited by a scheme approved under Professional Standards Legislation
Should be Empty:

Income

Expenses

Bank details for your refund

Declaration