What your accountant actually needs from you at tax time

By Yamate · Last updated September 2026

Hand your accountant 5 things: total income for the year, every business expense with a receipt, a logbook for vehicle claims, any asset purchases, and a clear answer on staff and subcontractors. A shoebox and a clean folder describe the same year — the shoebox just costs more to read.

↓ Jump to the checklist

1 · Build your accountant pack

Every return needs the same two things — your income and your expenses. What else your accountant needs depends on your year, so anyone who tells you "just these five" is guessing. Tick what was true this financial year and we'll build your actual list.

What was true this financial year?

Tick any that apply. The list updates as you go — nothing is sent or saved.

Registered for GST Paid an employee or apprentice Used subcontractors Claim a work vehicle Bought or sold a major asset Have a business loan or finance Work from home for the business Trade as a company (not a sole trader)

2 · Why the shoebox costs more, even when the total is right

Someone still has to sort every piece of paper into a category before a return can be prepared, and that sorting time gets billed the same as any other work on the file. A folder that's already split into materials, fuel, tools and travel skips that step entirely — same numbers, less time, smaller bill.

The habit that pays for itself. Photograph and categorise a receipt the day it happens, not the week before your return is due. It takes seconds in the moment and saves hours later, nobody has to sit there reconstructing 3 months from memory.

There's a floor under all of this. The ATO requires you to keep these records for five years from the day you lodge, and if you're registered for GST, to keep every supplier tax invoice you claim a credit on (ATO). So the pack that's clean enough for your accountant is already the pack that keeps you compliant — you're not doing the work twice.

3 · Talk to them before tax time, not just at it

An accountant working from twelve months of history after the fact can only report what happened. One who hears about a change while it's happening — taking on an employee, buying a vehicle, registering for GST, a big swing in income — can actually do something about it. And that's the real value of an ongoing relationship over a once a year lodgement.

If you're a Brisbane trade or small business looking for that kind of relationship rather than a once-a-year transaction, Elements Advisory Group works across business advisory, bookkeeping and accounting for local businesses, worth a look if what you have now is more lodgement than relationship.

For the record: we have no commercial relationship with them and earn nothing if you get in touch — it's a straight recommendation, not a paid placement.

Keep every receipt sorted as the job happens →

Yamate handles the quoting, invoicing, chasing and job records for solo tradies and small crews, and shows your GST, tax and profit per job as an estimate as you go. It is not tax advice, it does not lodge your BAS, and you still lodge your own returns. Founder plan $19/mo if you sign up before 30 November 2026, $29/mo after; Company plan $59/mo for eight people, $15/mo per person after that. 30-day free trial, everything unlocked, no card needed. No lock-in, cancel anytime. Prices in AUD.

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What does my accountant actually need at tax time?

Total income for the year, every business expense with a receipt, your logbook or a reasonable basis for vehicle claims, any asset purchases, and a clear answer on employees or subcontractors. The clearer these arrive, the less time gets billed sorting them out.

Why does a messy shoebox cost more even if the total is right?

Because someone still has to sort, categorise and reconcile every piece of paper before the return can be prepared, and that time is billed the same as any other work. A folder already split by category skips that step.

How often should I talk to my accountant, not just at tax time?

At minimum whenever something changes — an employee, a vehicle, GST registration, a big swing in income. A mid-year check-in lets them flag things before it's too late to act on.

Should I use a bookkeeper and an accountant?

For most trade businesses beyond the very early stage, yes — a bookkeeper keeps records straight through the year, and clean records make the accountant's job faster and cheaper.

Bookkeeping: DIY or get a bookkeeper? Your first BAS Tax to put aside Tax & setup guide

General information for Australian businesses, not tax or accounting advice. Record-keeping and reporting obligations depend on your circumstances — check ato.gov.au and your own registered tax agent before acting. This page describes the position as read in August 2026.