Tax Assistance
Taxation rules and filing tax returns can be perplexing as the guidelines are renewed quite often by the Australian Taxation Office (ATO). So, to put an end to your tax worries, Smart Tax advisors provide tax assistance for businesses as well as individuals. Be it GST or car or even travel expenses, we have got everything covered to simplify the taxation norms.
Tax Return Checklist
It’s always better to have a clear checklist of all the requirements before you file your taxes to avoid delays. According to the ATO tax return checklist 2022, below are the mandatory requirements to be fulfilled.

- You have written your tax file number
- Filled in all your personal details, including your date of birth, correctly
- Completed the appropriate details for electronic funds transfer to have your refund paid directly into a financial institution account
- Filled in the code boxes, if you were asked to do so, at items 1, 3, 4, 8, TOTAL SUPPLEMENT INCOME OR LOSS, TOTAL INCOME OR LOSS, D1, D3, D4, SUBTOTAL, TAXABLE INCOME OR LOSS, T1, M1, Private health insurance policy details, A1 and A3
- Completed item M2 which is compulsory for all taxpayers
- Completed income tests items IT1 to IT8
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Written totals at
- TOTAL TAX WITHHELD
- TOTAL SUPPLEMENT INCOME OR LOSS (if applicable)
- TOTAL INCOME OR LOSS
- TOTAL SUPPLEMENT DEDUCTIONS (if applicable)
- TOTAL DEDUCTIONS
- SUBTOTAL
- TAXABLE INCOME OR LOSS
- TOTAL SUPPLEMENT TAX OFFSETS (if applicable)
- TOTAL TAX OFFSETS
- Completed Spouse details – married or de facto if required
- Completed your spouse's details and provided your signature on your tax return if you have consented to offset part or all of your tax refund against your spouse's Family Assistance debt
- Completed item A1 if you were under 18 years old on 30 June 2022; this is compulsory and if not completed, you may be taxed at a higher rate than necessary
- Completed item A4 if you were in Australia on either a 417 or 462 visa that allowed you to work and holiday; this is compulsory and if not completed you may be taxed at a higher rate than necessary
- Read, completed, signed and dated the Taxpayer's declaration on page 10 of your tax return; failure to do so will result in it being returned to you and penalties for late lodgment may be applied
- Attached copies of all documents or schedules which the tax return instructions tells you to attach
- Kept copies of your tax return, all attachments and relevant papers for your own records.
Travel and Car Expenses
Being an employee, you can enjoy the deductions of work-related car expenses and work-related travel expenses. You can claim for these deductions at D1 and D2 to make the maximum benefit. Complete item D1 Work-related car expenses 2022 for work-related expenses for a car you owned, leased or hired under a hire purchase agreement (and the expense is not a travel expense which you show at item D2 Work-related travel expenses 2022).
GST Tips for Businesses
GST is a crucial aspect for all registered businesses and GST reporting is a mandate. Maintaining clean and transparent records will help you stay in check with the compliance as well as level up your business.
Remember to:
- Keep records of all sales, fees, expenses, wages, and other business costs
- Keep appropriate records, such as stocktake records and logbooks to substantiate motor vehicle claims
- Reconcile sales with bank statements
- Use the correct GST accounting method
- Keep all your tax invoices and other GST records for five years.