Australian tax records guide
Small business tax records checklist Australia
Keep income records, expense evidence, bank and card statements, GST records, asset purchases, loan or finance documents, payroll-adjacent records if relevant, and accountant review notes for the required retention period.
By Tax Tidy Published Last reviewed
Where Tax Tidy fits
Tax Tidy helps with the organisation and handoff step: review transaction records, attach receipt evidence where needed, prepare GST/BAS summaries, and export accountant review material. It does not provide tax, legal, or financial advice and does not lodge BAS or tax returns for you.
Practical checklist
Use this as a starting point, then confirm final requirements with your registered tax agent or official ATO guidance.
Income and sales
Keep sales reports, deposits, invoices where used, refunds, platform income, and other revenue evidence.
Expenses and purchases
Keep supplier invoices, receipts, subscriptions, fees, insurance, rent, utilities, software, and other business expense evidence.
GST records
If registered, keep tax invoices, GST collected and paid summaries, BAS workpapers, and notes for transactions requiring review.
Official guidance to cross-check
Compare your records against relevant ATO and business.gov.au guidance, especially for record-keeping periods, GST registration, BAS lodgement, and deduction evidence rules.