After huge success from previous years, Tax from your couch is here to stay!
Tax from your couch
The process:
First, get in touch. Email us when you are ready to begin, (or if you have received an email to us, click the link when prompted).
Please note we are not taking on any new individual tax return clients this year.
- We’ll e-mail you with the ATO pre-fill report.
(Within 2 business days of hearing from you).
This will contain all the information that the ATO has on file for you. (Income Statement from employer, bank interest, share dividends, health insurance)
You can confirm or update if anything is missing in step 2. - You’ll fill in our ‘Tax from your couch’ questionnaire.
(15 minutes if you have your information ready)
This will ask you questions to provide us with any additional income and prompt you with possible deductions you can claim. We recommend summarising all of your deductions, prior to beginning the process. This process should take about 10 minutes.
If you already have a spreadsheet or your deductions summarised separately, you’ll be able to upload this through our secure Tax from your couch system. (Sample spreadsheets for rentals, and non-GST registered businesses are below) - We’ll prepare your tax return behind the scenes.
(We aim to get this complete within 2 weeks however this may blow out during peak time).
Using your data from your pre-fill plus what we have collected through Tax from your couch, we will prepare your return. We will work out what you can claim and the most beneficial way of doing so.
If we have any queries or need to clarify anything, an accountant will reach out to you via email.
If you have any additions or queries, please send these to our assist email rather than sending to your Accountant directly, this will ensure everything hits your file and documents are not missed. - The tax return is then emailed to you for review and electronic signing.
(5 minutes)
If you have any queries once you have reviewed your tax return, we will schedule a phone or Zoom call with one of our accountants for a chat prior to lodgement.
If you have any other general questions, these can be asked during this chat.
Phone call
If you have any queries once you have reviewed your tax return, we will schedule a call with one of our Accountants for a chat prior to lodgement. For more complex queries we can arrange a Zoom call.
Not already a client?
We are not currently taking on new individual clients. We are only completing tax returns that are linked to one of our business clients.
Resources
To start gathering everything together, here are some handy links that may help:
(best to view on desktop)
- Deductions checklist
A list of common Income declared as well as deductions. - Rental Schedule
An excel spreadsheet to help gather your rental property details - Rental Schedule (shortstay tenants)
An excel spreadsheet to help gather your rental property details for shortstay tenants - Sole Trader (under $75K) Schedule
If you’re not on Xero and don’t have your own spreadsheet, this is an excel spreadsheet to help gather your small business/sole trader business (not registered for GST) details throughout the year.
