2c. If you use cashbook/no record accounting, have you provided the following?
• Copies of bank statements for all accounts for the period, 1 April – 31 March (i.e. cheque, savings, term deposits, other). Also include credit card statements if necessary.
• Print outs of profit & loss, balance sheet, trial balance and full general ledger detail.
• Details, including narrations of all payments and receipts if necessary (i.e. cheques, AP’s, direct debits).
Please note log books are to be maintained for a three month period every three years.
Most entertainment expenses are restricted to 50% deductibility for tax purposes. However, some are still fully deductible or qualify for a partial exemption eg: overseas expenditure on entertainment, business travel expenditure. Please provide full details.
By submitting this form, you agree that the above information will be used SME Financial Limited in the preparation of financial statements and taxation returns as agent on my behalf. I have read and understood the obligations which I am required to meet included in the “Information to be Provided” section. Under the terms of the Privacy Act (1993), authorise SME Financial Limited to obtain from any third party any records or information you require for the purpose of preparing my Financial Statements and Income Tax Returns and accordingly any such third party is authorised to provide you with information required.