Defer or bring forward income for the current financial year
Consider deferring taxable income, until the start of the next financial year. For example, you may want to consider postposing the sale of assets which may incur capital gains tax. However, in some cases it might be advisable to bring forward income to the current financial year, particularly if your projected income in the next financial year is expected to result in you moving into a higher marginal tax bracket.

Pre-pay interest and tax deductible expenses
Pre-paying interest and tax deductible expense may allow the tax deduction to be claimed in the current financial year.

Tax documentation
It’s important that you keep all your tax documents in order. Review receipts, log books and other documentation to ensure that all records required to manage tax affairs are in order. This will help make the end of the financial year process run as smooth as possible.

APPOINTMENT CHECKLIST

Below is a helpful checklist for you to utilise when preparing for your tax appointment:  

Please note: you only need to bring the items listed that are applicable to your current circumstance (i.e. if you do not own a rental or investment property point 9 is not applicable to you.)

1. PAYG Withholding certificate(s); Group certificates; Termination payments
2. Australian Government pensions and payments
3. Bank statements showing interest received for the financial year
4. Dividend statements
5. Managed fund / investment tax statement
6. Receipts for any work related expenses, including car, logbook for travel, uni­form, self education
7. Private health insurance statement (if insured)
8. Income protection insurance statement (if insured)
9. Rental statements and receipts pertaining to investment properties
10. Last year’s tax return and invoice
11. Bank details for electronic funds transfer: BSB No & Account No
12. Current home loan bank statement(s)
13. Small Businesses: list of business income & expenses summarised for the current financial year