A-Z index

Records you need to keep

Administering and reporting
As a trustee, you will have a number of administrative obligations – for example, you will need to arrange an annual audit of your fund, keep appropriate records and report to us on the fund’s operation.
Keeping good investment records
Good records help you to report your income accurately and claim all the deductions to which you are entitled.
Keeping good records
Advice for trustees of a SMSF on what records to keep and why.
Keeping records
Employment and contractor records are an essential part of running your business and helps you to claim all your deductions. You must keep your records in an accessible form (either printed or electronic) for five years.
Keeping tax records for specific expenses
To prepare an accurate tax return you need to keep records that support the claims and declarations you make. As a rule, it is better to keep too many records.
Record keeping
A good record keeping system will help you manage your tax obligations. Find out what types of records you need to keep as a not-for-profit and for how long.
Record keeping for business
ATO information to help businesses with your record-keeping requirements. Keeping accurate and complete records helps you meet your tax, superannuation and employer obligations, and manage your business and cash flow.
Records you need to keep
You need to keep records for five years (in most cases) from the date you lodge your tax return. Records may include statements, payment summaries and receipts.
Reporting and keeping records
You report and pay luxury car tax on your BAS in the same way you report other business taxes, and you must keep accurate LCT records of any sale or importation.
Supporting documentation
Supporting documentation you may be asked to provide to verify the amounts included in your tax return.