3 simple steps to tax time success

Like clockwork, tax time is here again, and by now your employer will have likely finalised your Income Statement to make it tax ready. With all the pieces lined up to get started, you might be thinking about getting a move on your return. But where do you begin?

One

Download your checklists

The Hopkins Group’s handy tax time checklists have been designed to help you collate all your documents, ready for your accountant to prepare your return. Click the links below to download your checklists now!

Individual Income Tax Return Checklist for FY 19/20

Rental Property Checklist

Vehicle Logbook Template

Two

Know your deadlines

If you are completing your tax return yourself, you have until 31 October 2020 to file your 2019/20 tax return with the ATO.

But did you know, you can get an extension to that deadline?

If you complete your tax with a registered tax agent, like the accounting team at The Hopkins Group, you have until May 2021 to file the same return. This gives you that extra time to get everything together and work with an accountant to hopefully get the best result possible from your return.

All you need to do to get started is to contact one of our accountants to add your name to our tax agent’s list.

Three

Speak to an accountant

Ready to lodge your return?

Request an appointment with one of our accountants to get started today, or send through your completed checklists to info@thehopkinsgroup.com.au and we’ll be in touch to discuss next steps.

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Disclaimer: The information contained herein is general in nature and does not take into account individual situations, needs or goals. It should not be relied upon and persons should satisfy themselves through independent means that any decisions based on this material are appropriate. We recommend that you consult with your adviser who will be able to make a recommendation based on your specific circumstances.

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