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How do I check my draft income tax return?

How do I read my income tax return?

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Written by Danica van Zyl

Before we submit your income tax return (IB), you will receive a secure link by email to a draft version.

We ask you to review it roughly.

  • Questions? Feel free to email or call us.

  • If everything is correct, confirm by email and we will submit it (optionally together with your fiscal partner’s return).

What is the draft report?

It is the financial summary of your business combined with your personal data needed for the return.

Who does what?

The Bookie handles the numbers; you do the check.

We handle all calculations. You only need to do a general review.

All calculations are based on:

  • Data you provided throughout the year via The Bookie Webapp

  • Additional information via the checklist

Errors are unlikely, but check for:

  • Unknown amounts or bank accounts

  • Changes in personal situation (partner, child, house)

  • A payable/refundable amount that differs greatly from expectations

If anything stands out, contact your Bookie.

How is the return structured?

The report consists of:

  • Personal details

  • Income tax and contributions

  • Taxable income

  • Attachments

  • Profit statement

1. Personal details

Check your name and address. Also verify partner/children details.

2. Income tax and contributions

Check other income sources:

  • Employment income

  • Other work or investments

  • Pension or benefits

3. Taxable income

Check key situations:

  • Bought or sold a home

  • Savings/investments included

  • Received an inheritance

4. Attachments

Supporting documents explaining the figures.

5. Profit statement

Business-related data such as:

  • Taxable profit

  • Investments

  • Final profit & loss statement

  • Business details

Check:

  • Your sole proprietorship/partnership details

  • Important situations like:

    • Buying/selling a company car

    • Business mileage with a private car

    • Debts on the balance sheet

    • Insurance premiums

Also review any questions or assumptions at the bottom of the email.

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