Tax returns are assessed on a Self-Assessment basis. This means that the ATO may not check whether the information you have submitted is correct. We will make every endeavor to ensure that your return is prepared accurately and correctly, however we rely on you to ensure that all relevant information is disclosed to us. I confirm that: I have reviewed every page of the accompanying copy of the income tax return to which the attached Electronic Lodgment Declaration refers and confirm that all items are correct and that there are no omissions or misstatements. Income: If I am an Australian tax resident, you have advised me that I must declare income from all sources, in and out of Australia, including net capital gains received, for the year of income in my tax return.
Expenses: You have advised me that to claim a work-related or other expense deduction I must demonstrate that I have incurred the expense for income producing purposes. In addition, you have advised me of the substantiation legislation that I must satisfy in relation to all deductible expenses, including car, travel, business, education and work-related expenses. You have informed me that I must OBTAIN ORIGINAL RECEIPTS and keep them for a minimum of five years from the date my return is lodged. The receipts must contain the following details: name of supplier and amount of expense; nature of goods/services and date of the expenses (details I am able to personally record where not adequately noted by supplier); date of the document.
Apportionment: Where items are used for both business/work-related and private purposes e.g. car, telephone, computer etc. I advise I have kept appropriate apportionment records to verify my business usage claim and that my employer will verify that it was necessary to incur such expenditure in earning my income. Further, I have instructed you to prepare the return based on my specific instructions on the understanding I will be able to produce such information to the satisfaction of the ATO in an audit situation. Audits: I further confirm that: I am aware that the procedures to follow if a document is lost or destroyed is to obtain a copy from the supplier; I may be required to substantiate or verify any income or expense item declared or claimed in my tax return in the event of an ATO audit;
I declare that: I have read and understood the tax return that has been prepared for me; I have disclosed and you have returned all my assessable income for the current income tax year; I have all receipts or documentation necessary to substantiate my work-related and other claims, and I will make them available if required by the Tax Office; All income declared, claims for deductions and tax offsets/rebates included in my return are based upon my specific instructions; You have explained what written income and expense evidence will typically be required during an audit and that penalties, interest and possible legal action may be applied if incorrect income or claims are identified by an audit.
Terms and Conditions: I acknowledge that an invoice will be issued for your services and I agree to pay this invoice in full. I acknowledge that further action may be taken to secure payment of overdue/outstanding accounts.
This declaration is to be completed where a taxpayer elects to use the Electronic Lodgment Service. It is the responsibility of the taxpayer to retain this declaration for a period of five years after the declaration is made, penalties may apply for failure to do so. Privacy The ATO is authorised by the Taxation Administration Act 1953 to request your tax file number (TFN). We will use your TFN to identify you in our records. It is not an offence not to provide your TFN. However, you cannot lodge your income tax form electronically if you do not quote your TFN. Taxation law authorises the ATO to collect information and to disclose it to other government agencies. For information about your privacy go to ato.gov.au/privacy
Declaration — I declare that: I have prepared this tax return in accordance with the information supplied by the taxpayer I have received a declaration made by the taxpayer that the information provided to me for the preparation of this document is true and correct, and I am authorised by the taxpayer to lodge this tax return and any applicable schedules that are attached.
Disclaimer:
This estimate is only a guide and should not be taken as taxation, financial or investment advice. Our calculation is based on the information you have supplied and current legislation, proposals and information provided by the Australian Tax Office. There are numerous factors that may affect the accuracy of this assessment including but not limited to: changes in tax legislation and Australian Tax Office practices and rulings; any prior year tax assessments that may be applicable; and adjustments relating to other Government Departments. eg: the Department of Human Services. Do not rely on this estimate to make any decisions until you have received a notice of assessment from the ATO and/or obtained professional advice.
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