Business items checklist

Please fill in the information and send it to us. You can eihter:
– copy the below checklist to your e-mail or word processor and fill it in there
– this checklist is not comprehensive
– not all expenses may be deductible for you. Please send us the completed checklist for review
– Download a form in word processor format

Financial year ending 30 June ……….. (early return (Travellers only): yes/no)

GENERAL INFORMATION:
Are you registered for GST: yes/no ………….. – if you are, please provide all figures below net of GST.
How many business activities did you have: …………..
Your ABN: …………………………………

INCOME:
Fees for services: $ ………………..
Invoices for goods sold: $ ………………… (including for items you used in business)

EXPENSES:
1. Cost of goods sold (materials): $ ……………
2. Subcontractors: $ ……………
3. Advertising: $ ………………
4. Accounting fees: $ …………….
5. Cleaning & rubbish removal: $ …………….
6. Commissions paid: $ …………….
7. Staff or your training including seminars & conferences: $ …………….
8. Home office:
–      Work-related space (per floor coverage including garage) ……….%
–      Rent expenses $ ………….
9. Electricity $ ………….
10. Car expenses – download a logbook template in .xls format
–      total kilometres/engine capacity …………… / …………… or:
–      fuel & oil $ ……………
–      registration fee (annual) $ ……………..
–      repairs & service $ …………..
–      insurance $ …………..
–      lease/hire purchase fee $ …………..
–      interest paid $ …………..
–      (please put value and date of purchase of car in equipment schedule)
11. Travel expenses
–      Overnight travel: nights ……….. destination ……………………… (if multiple travel, please provide separate details)
–      Taxis $ ……………
–      Bus/train tickets $ ……………
–      Plane tickets $ ……………
–      Hotels/accommodation $ …………..
–      Nights in travel ……….. destination …………….. (if multiple travel, please provide separate details)
12. Clothing expenses
–      Laundry $ ………..
–      Drycleaning $ ………….
–      Uniforms $ ………….
–      Overalls/aprons/dust coats $ ………..
–      Gloves/googles/masks $ ………….
–      Protective footwear $ …………..
–      Sunscreen/sunblock $ ………….
13. Hire or rent of equipment $ ……………
14. Leasing of equipment (under a lease agreement) $ ……………
15. Interest expense $ ……………
16. Stationery $ ……………
17. Printing $ ……………
18. Reference books & journals $ ……………
19. Professional memberships & subscriptions $ …………..
20. Telephone & Mobile $ ……………
21. Internet $ ……………
22. Insurances $ ……………
23. Tools & equipment costing less than $300  $ ……………
24. Tools & equipment used for business and costing over $300 per item:

Item                                Date of purchase      business use            amt paid

……………………………..   …………………        ……………%           $ …………

……………………………..   …………………        ……………%           $ …………

……………………………..   …………………        ……………%           $ …………

(please add if req’d)

25. Other expenses:

Type                                          Amount

…………………………………….     $ …………….

…………………………………….     $ …………….

…………………………………….     $ …………….

…………………………………….     $ …………….

…………………………………….     $ …………….

This business checklist contains only the most common items for small businesses. Please read all checklists from our website to ensure all your taxation affairs are taken care of. Please also check if you have any other items not covered by this checklist.

Please give answers in the dotted area, replacing the dots. If amounts, please give totals for the type of expense. If don’t know the exact dates, please give month and year. If you don’t know the answer or are confused, please put question marks so we can give you bit more explanation.