Don't miss the small things at tax time

There are two ways you can mark a transaction as tax relevant:

1. Use the possible transactions list

From your Tax Organiser screen tap on Possible. There you can review a list of transactions that may be relevant to you at tax time, based on the expense areas you selected.

2. View and mark transactions manually

Find a transaction from your relevant bank account and tap on it to view the details. Scroll down to the Tax relevant header and tap Edit to mark it as tax relevant.

If a transaction is pending, you will not be able to mark it as tax relevant.

Sometimes only a portion of an expense may be tax relevant. For example, if the expense covers something that is used for both work and personal purposes, you may adjust the amount for the work-related portion only.

To enter the relevant percentage in the Tax Organiser tool, find the transaction, scroll down to the Tax relevant header, tap Edit and adjust the percentage.

Yes, you can download the current or previous two financial years of tax relevant transactions.

Select the financial year you need to download on the Tax Organiser screen under the graph. Then scroll down and tap Download your list of tax relevant transactions to get your report in a spreadsheet format (CSV). Your downloaded summary report shouldn’t be used as your sole record keeping tool, or as evidence to support your tax return. 

You should still keep records such as receipts, tax invoices and statements to support the claims in your tax return. Do not rely on the Tax Organiser summary report as your record keeping tool.