Hello!

This is a kit we’ve designed to enable us to complete your work as quickly and efficiently as we can, by ensuring we have all the information we need right in front of us. This also avoids delays with having to follow up on missing or incomplete information.

For this reason, we kindly ask that you gather everything together before you send or bring in your information to us (including ALL entities you may have, such as businesses, companies, trusts or superannuation funds). If we do not have everything we need, unfortunately we will be unable to start your work and you may incur a fee.

We appreciate and thank you in advance for the valuable time taken to complete our tax kit, in order for us to get you the best possible result for your tax return(s). We would also like to take this opportunity to thank you for choosing the team here at GGA. We are certain you will find our staff very keen and helpful, and always willing to ensure your needs are looked after to the best of our abilities.

If this is your first time with GGA we would like to thank you for choosing us we are sure you will not be disappointed! It would help us greatly to have a copy of your last lodged tax return to enable us to check for any items that should be carried forward.

Please remember that this form and its contents relate only to your personal tax and not that of your trust or company. We have separate forms describing the information required for any other entities you may have.

If you do have any questions regarding anything contained in this kit, please feel free to contact Administration. Robyn or Karen will be more than happy to assist you, and are contactable on:

03 8813 0162, or alternatively, via email: admin@gatherumgoss.com

Our Fees

We will be increasing our fees this year, although this is the first increase you have seen since we came to Blackburn in 2007.

Please note that these fees are only approximate, and will vary depending upon the complexity of the work involved, and how well-kept your records are. Great records will result in lower fees, however this is our minimum fee.

Individual Tax Returns	start from	$ 295.00*

Couples Tax Returns	start from	$ 495.00*

*ALL fees include up to 2 investment properties. Each investment property after the first two is $130.00.

Reminder: Our terms are payment on receipt of our invoice, and payment needs to be received before we lodge your returns (this has always been GGA policy).

Expectations

What you can expect from us...

To be treated with honesty, politeness and integrity.

Open communication, at no extra costs to you (where ever possible), so that we can help you make the right decisions.

That we will help you in every way we can, including:

reducing your tax;

keeping our fees as low as possible; and

finding the right structure for your investments.

That we will finalise your tax return/s as quickly as we can. (Usually within 4-8 weeks but it may be a little longer in busier times).

That we will promptly return your phone calls and/or emails on the same day we receive them, wherever possible.

What we expect from you...

To be treated with honesty, politeness and integrity. You will get the best out of us if we are treated this way.

That you do everything you can to provide us with the information we need to look after you properly.

That you have included copies of all relevant paperwork to ensure we can prepare your returns accurately.

That you respect the time and care taken to complete your tax return/s, and show your appreciation by paying our account in a timely fashion.

That we complete all returns within your family group. This includes all company, trust, spouse returns.

Now that you are aware of our policies and expectations, please help us to understand your complete financial situation by providing us with the information that follows…

Tax File Number: ……/……/……	ABN:

Are you an Australian resident for tax purposes?	Yes/No/Unsure

Name: Mr/Mrs/Ms/Miss:

Bank account details for deposit of your refund, if applicable:

Account Name:	Bank:

BSB:	Account No:

You only need to complete the details that have changed since last year.

Name changed since last return? Yes/No

If YES, previous name:

Address:

Date of birth:……/……/……….	Email:

Telephone: (H)	(W)	(M)

Occupation:

Spouse details (if applicable):	Name:	DOB:

Details of dependents:

Name:	DOB:	Name:	DOB:

Name:	DOB:	Name:	DOB:

INCOME – Please provide evidence (payment summary, dividend statements, excel summaries etc)

Salary or Wages	Yes/No/Unsure

Allowances, earnings, tips, director’s fees etc.	Yes/No/Unsure

Employer lump sum payments	Yes/No/Unsure

Employment termination payments	Yes/No/Unsure

Aust Govt allowances like Newstart, youth allowance, Austudy	Yes/No/Unsure

Australian Government pensions and allowances	Yes/No/Unsure

Other Australian pensions or income streams – Please attach correspondence received with Group Certificate	Yes/No/Unsure

Australian superannuation lump sum payments	Yes/No/Unsure

Attributed personal services income	Yes/No/Unsure

Interest	Yes/No/Unsure

Dividends	Yes/No/Unsure

Employee Share Schemes	Yes/No/Unsure

DEDUCTIONS – please provide evidence

NOTE: This section is for expenses relating to your employment only.

Expenses to do with your investments are shown later.

If you run a business then your income and expenses should be reported to us separately.

D1. Work related car expenses

There are four methods we can use to claim your car expenses: Cents per kilometre method (max 5,000kms) Log book method One-third of actual expenses method 12% of actual cost method	Work related car use might include, amongst other things: Visiting customers – existing and new Attending meetings & training seminars Running errands on behalf of your employer Travelling between work sites

Please complete the table below as fully & accurately as possible to ensure we claim the method that gets you the best result possible.

Make and model of the Car
Registration Number	Registered Owner
Date of Purchase	Purchase Price
Size of the engine	cc	Finance type: Lease / Hire Purchase
Odometer reading at 01/07/09	Odometer reading at 30/06/10
No. of kilometres travelled	No. of kilometres travelled for work
Business Use Percentage	%
How much did you spend on:
Petrol	Registration
Insurance	RACV
Tyres	Services
Repairs	Lease/HP
Other (please specify nature)
Do you still hold all receipts / statements and proof of payments? Yes/No

D2. Other work-related travel expenses

Did you travel away from home on behalf of your employer? If so, do you have:

Employee domestic travel with reasonable allowance	Yes/No/Unsure

- if the claim is more than the reasonable allowance, do you have receipts for
your expenses?	Yes/No/Unsure

Overseas travel with reasonable allowance	Yes/No/Unsure

- do you have receipts for accommodation expenses?	Yes/No/Unsure

Employee without a reasonable travel allowance	Yes/No/Unsure

Other work-related travel expenses, e.g., borrowed car (Please specify)	Yes/No/Unsure

D3. Work-related uniform and other clothing expenses

Amount Spent $	Work %	Receipts Available
Protective clothing	Yes/No
Occupation-specific clothing	Yes/No
Non-compulsory uniform	Yes/No
Compulsory uniform	Yes/No
Laundry (up to $150 without receipts)	Yes/No
Dry cleaning	Yes/No
Other claims – mending/repairs, etc (please specify)	Yes/No
Please describe uniform for us: (NB: Normal business clothing, such as suits, is not deductible. Sorry!)

D4. Work-related self-education expenses

Course taken at educational institution	Amount Spent $	Work %	Receipts Available
Name of course undertaken
Student union fees	Yes/No
course fees	Yes/No
travel	Yes/No
text books	Yes/No
stationery	Yes/No
other (please specify)	Yes/No
Does the course relate to your existing work?	Yes/No
Does your employer encourage/support you in this course?	Yes/No
How many hours per week (on average) did you study at home?

D5. Other work-related expenses (Remember these are to do with your employment only)

Amount Spent $	Work %	Receipts Available
Home office expenses	Yes/No
How many hours pw on average do you spend working at home?	Yes/No
Computer and software	Yes/No
Internet	Yes/No
Telephone/mobile phone	Yes/No
Tools and equipment	Yes/No
Subscriptions and Union fees	Yes/No
Journals/periodicals	Yes/No
Briefcase/calculators etc.	Yes/No
Depreciation	Yes/No
Sun protection products (i.e., sunscreen & sunglasses)	Yes/No

D5. Other work-related expenses (con’t)

Seminars and courses not at an educational institution (ie. not shown above)
Course fees	Yes/No
travel	Yes/No
other (please specify)	Yes/No
Any other work deductions (please specify)	Yes/No

Other types of deductions

D6.	Low value pool deductions	Yes/No/Unsure

D7.	Interest deductions	Yes/No/Unsure

D8.	Dividend deductions	Yes/No/Unsure

D9.	Gifts or donations – please provide details of who & how much	Yes/No/Unsure

D10.	Cost of managing tax affairs	Yes/No/Unsure

Did you travel to meet with your tax agent last year?	Yes/No/Unsure

Did you take out Tax Audit Insurance?	Yes/No/Unsure

Losses

L1.	Tax Losses of earlier income years (if known)	Yes/No/Unsure

L2.	Capital Losses of earlier income years (if known)	Yes/No/Unsure

Tax offsets/rebates

T1.	Do you have a dependent spouse (without children), a child-housekeeper or a housekeeper?	Yes/No/Unsure

These tax offsets may not be available where the taxpayer is eligible to claim FTB Part B.

T2.	Are you a senior Australian?	Yes/No/Unsure

T3.	Are you a pensioner?	Yes/No/Unsure

T4.	Did you receive a superannuation income stream?	Yes/No/Unsure

T5.	Do you have Private Health Insurance?	Yes/No/Unsure

If so, can you please provide a copy of the Schedule provided at the end of the year

Fund Name

Member Number	Type of cover: Hospital/Ancillary/Combined

Rebates available?	Yes/No/Unsure

T6.	Are you eligible for the Education Tax Refund	Yes/No/Unsure

NEW INCOME TESTS (Just let us know if you need help with these answers)

IT1.	Reportable fringe benefits amount	$

IT2.	Reportable employer superannuation contributions	$

IT3.	Tax-free government pensions	$

IT4.	Target foreign income	$

IT5.	Reportable net financial investment loss (we will calc this one)	$

IT6.	Net rental property loss (we can calc this one too)	$

IT7.	Child support you paid	$

SUPPLEMENTARY SECTION

Income

Partnerships/trusts/managed fund income – Pls attach tax statement	Yes/No/Unsure

(if you have your own trust then you should circle yes here but we will calc the income amount)

Personal services income (PSI)	Yes/No/Unsure

Net income or loss from business	Yes/No/Unsure

Deferred non-commercial business losses from previous year	Yes/No/Unsure

Net farm management deposits or withdrawals	Yes/No/Unsure

Net capital gains refer to Schedule A for information we require	Yes/No/Unsure

Direct or indirect interests in controlled foreign entities	Yes/No/Unsure

Foreign source income (incl pensions) & foreign assets or property	Yes/No/Unsure

Rent refer to Schedule B for the information we require	Yes/No/Unsure

Bonuses from life insurance company or friendly society policy	Yes/No/Unsure

Forestry managed investment scheme income	Yes/No/Unsure

Other income (please specify)	Yes/No/Unsure

Deductions

D11.	Australian film industry incentives	Yes/No/Unsure

D12.	Deductible amount of UPP of foreign pension or annuity	Yes/No/Unsure

D13.	Personal superannuation contributions	Yes/No/Unsure

Details of Superannuation Fund, if non-employer sponsored super contributions

Full name of Fund

Fund ABN	Account No

D14.	Deduction for project pool	Yes/No/Unsure

D15.	Forestry managed investment scheme deduction	Yes/No/Unsure

Product/Private ruling, code year number

D16.	Did you have Income Protection Insurance? $	Yes/No/Unsure

Other deductions e.g. subscriptions / donations to political parties (please specify)

Investment related deductions: (See Appendix A for some ideas of items that may be deductible)

Amount Spent $	Invest %	Receipts Available
Home office expenses	Yes/No
How many hours pw on average do you spend in the office to do with your investments?	Yes/No
Computer and software	Yes/No
Internet	Yes/No
Telephone/mobile phone	Yes/No
Journals/periodicals	Yes/No
Any other investment deductions (please specify)	Yes/No

Did you attend Investment Seminars during the 2010 year?	Yes/No/Unsure

If so, we need more information about:

Who conducted the seminar?

How much did it cost?………………………… How many hours did it last?

We may also need a detailed breakdown of the matters covered during the seminar and how long was spent on each issue. (N.B. You may have to get this information from the seminar promoter)

Tax Offsets

T7.	Did you make superannuation contributions on behalf of a spouse?	Yes/No/Unsure

If so, please provide details of how much and who it was paid to

T8.	Did you live in a remote zone or serve overseas with the defence force in 2010? If so, where? (please provide details & incl dates if not for full year)	Yes/No/Unsure

T9.	Did you have net medical expenses over $1,500?	Yes/No/Unsure

Other relevant information

A.	Did your Australian Residency change at all during 2010?	Yes/No/Unsure

B.	Have any details between you and your spouse changed during the year?	Yes/No/Unsure

Do you have a HECS/HELP debt or student supplement loan	Yes/No/Unsure

Please forward my returns to me via:	EMAIL / POST

By signing this document you confirm that you believe that you can prove the expenses that you wish to claim in your tax return; and that you understand that you could be fined for lodging a false tax return.

Dated the …… day of ………………………20……

Signature of Taxpayer

SCHEDULE A – CAPITAL GAINS

Please note that capital gains is calculated using the CONTRACT date and not the settlement date so please keep this in mind when determining which financial year you need to provide information to us .

(a) Did you sell property?	Yes/No

If yes, we will need to know the following information: (Please complete for each sale)

Address:
Date the purchase contract was signed	/ /
Purchase cost of the Investment Property	$
Purchase costs involved:	$
- Legal fees	$
- Stamp duty	$
- Buyers agent costs	$
- Building & pest inspections	$
- Other	$
Date of sale of the Investment Property	/ /
Sale Price	$
Costs involved with sale:	$
- Legal fees	$
- Real estate agent costs	$
- Other	$
Any other relevant information	$

(Please also provide “statement of adjustments” completed by your solicitor/conveyancer)

(b) Did you sell any shares?	Yes/No

If yes, we will need to know the following information: (Please complete for each sale)

Name of shares sold:
Date of Purchase of Shares	/ /
Purchase cost of the Shares	$
Purchase costs involved:	$
- Brokerage Fees	$
- Other	$
Date of sale of the Shares	/ /
Sale Price	$
Sale costs involved:	$
- Brokerage Fees	$
- Other	$
Any other relevant information you are able to supply	$

SCHEDULE B – RENTAL INCOME

Please complete for each property you rented out during the year.

Taxpayers Name:	Ownership %:

Taxpayers Name:	Ownership %:

Address of Property:

State:	P/Code

Date first Available for Rent:	No of weeks Rented:

INCOME	$	DESCRIPTION OR WORKINGS
Rental Income
Other Income
TOTAL INCOME
EXPENSES
Advertising
Body Corporate
Borrowing Costs
Cleaning
Council Rates
Depreciation (Note 1)
Gardening
Insurance
Interest (Note 1)
Land Tax
Legal Costs
Pest Control
Property Agent Fees
Repairs & Maintenance (Note 2)
Special Building Write Off (Note 1)
Stationary, Telephone, Postage
Travel Expenses (Note 1)
Water Charges
Sundry Rental Expenses
-
-
-
TOTAL EXPENSES
PROFIT/(LOSS)

Other Information:

Note 1. A potential Audit area for 2010. Please review your facts.

Note 2. Always a potential audit area. Please review your facts.

APPENDIX A

If there is an Investment Property involved…

It is all too common that investors spend money in their activity as an investor that is not claimed as a tax deduction simply because they are not aware of the possibilities. Therefore, to help us get you the best possible tax result, please let us know the following information…

Property Details

Full Address of the property

Details of the legal ownership as per the title records

Date of settlement

Purchase price

Please provide a Quantity Surveyors report for each property if you have not done so previously

Loan Details

Date loan taken out

Amount of loan

Over how many years is the loan contract?

Can we please have copies of any paperwork regarding the loan and the costs that the bank charged to create the loan? That is, we need to know about things like:

• Establishment fees

• Application Fees

• Mortgage Stamp Duty

• Lenders Mortgage Insurance

• Lenders Legal Costs

• Other costs and charges paid to the bank

Income

We will need to know the full rental income for the year, plus

Any other income paid to you in relation to the property by the agent, the tenant, the insurance company...etc.

Costs

This is where things get really interesting and we have separated this section into obvious tax deductions and less obvious tax deductions…

APPENDIX B

Additional Information for you…

1. Obvious Tax Deductions

Advertising for a tenant

Agent’s fees in relation to managing the property

Bank Fees on loan accounts

Body Corporate Fees

Cleaning of the investment property and its chattels

Council Rates

Gardening & Mowing Costs

Insurance

Interest Paid on the loans taken out to buy the investment property

Land Tax

Legal Fees re ongoing income matters

Pest Control

Quantity Surveyors Report for the depreciation available

Repairs to the investment property and its chattels

Telephone, Postage & stationery costs regarding your investment

Travel to & from property – how many klms would you have travelled and

what car(s) do your drive?

Water Rates

2. Less Obvious Costs regarding your investment

Bank Fees on non investment loans where the account was used to receive rent or pay the bills relating to the investment property.

Cleaning products used in home office or for the investment property.

Do you pay your teenage children for assisting with the investment property?

That is, do they mow the lawns of the investment property? Do they maintain the computer records of the investment? Or, do they do anything else in relation to the property investments for which they are paid? If so, how much have you paid them?

Do you pay a spouse or anyone else to maintain the records relating to the investment property? For example, do you pay them to look after the bookkeeping or property management in relation to your investments? If so, how much did you pay?

Did you buy anything for your home office? As an example, this could be	crockery, cutlery, music, wall paintings or prints, rugs, furniture such as desks, lamps, bookcases etc, books, magazines, educational products, food and drinks served during meetings with anyone meeting with you in relation to your investments? If so, how much was spent on each item?

Did you buy gifts for anyone in relation to your investment properties? As an example, these could be bottles of alcohol, chocolates, flowers, movie tickets or for anything like this? These gifts could be for the tenants, the property manager, the bookkeeper (even if it is your spouse) the gardener (even if it is your children) the professionals you use such as accountants, brokers and solicitors, or for anyone else. If so, how much did you spend?

Do you use the internet to keep in touch with your accountant, insurance broker	and property manager? Do you use it to monitor the investment related bank and loan accounts? Or for other investment related activities? If so, we may be able to claim part of the costs. How much did you spend and what proportion of the time do you think that the internet was used in relation to your investments?

Hello!

It has been brought to our attention over the past year or so that there is a lot more that we could be doing to assist you, our clients, on your journey to financial independence. In light of that, and in order to help you obtain your goals as quickly as possible, we have developed the following questionnaire to see where we may be able to help.

We have access to a number of services that can help you and these questions are to ascertain where these services can be of the most assistance to you.

Name: Mr/Mrs/Ms/Miss:

Best mode of contact is phone:	or email:

It is extremely important that we all have a Will but even more so for those with investments in property or other areas. Is your Will up to date?	Yes/No/Unsure

Are you happy with your current loan structure?	Yes/No/Unsure

We can contact you for a review of your loans. We are experienced in dealing with the structures unique to property investors and can help you to ensure your structure is set up in the easiest, most tax effective manner available to you. We can even get competitive rates on Hybrid Trust loans which is impressive in the current market!

Would you like more information regarding finance?	Yes/No/Unsure

Include a quick summary of your assets and liabilities for us:

Assets	Loans

Do you have the following insurances?

Life Insurance	Yes/No/Unsure

Income Protection Insurance	Yes/No/Unsure

Is this policy(ies) in your personal name?	Yes/No/Unsure

Do you have a trust or other structure used for investment/tax planning?	Yes/No/Unsure

Do you need any assistance in purchasing new investment property?	Yes/No/Unsure

Our specialist can help with new, existing, and development (off the plan) properties.

Where is your superannuation?:

Are you happy with this? Do you want more information about SMSF?	Yes/No/Unsure

Do you have any interest in using your super to purchase property?	Yes/No/Unsure

Do you require any financial advice?	Yes/No/Unsure

Our financial adviser is great with property as well as traditional products.

Do you run your own business?	Yes/No/Unsure

Would you like any assistance with business planning, structures, process improvement or other areas?	Yes/No/Unsure

Are all your business insurances up to date?	Yes/No/Unsure