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Tax tips & guides for 2020 / NetBank for business tax

Preparing your business tax return? 

Good records help you get what you're entitled to

  • Accurate and well-prepared records are especially important at tax-time
  • You can get copies of some of the documents and records you need from NetBank
  • Use these records to submit your tax return, or give them to your registered tax adviser or business accountant
  • To access these records, you'll need to log on to NetBank

Interest and tax summary

The Interest & tax summary on Netbank provides a summary of interest earned and charged, and any withheld tax on your accounts for current or previous financial years. 

  1. Go to Interest & tax summary
  2. Select your account

Go to Interest & tax summary

Bank statement

Your bank statement is your official bank record of credits and debits to your business accounts, loans and other facilities. 

  1. Go to Statements
  2. Choose your account from the drop down list
  3. Download and print your statement

Go to Statements

Out of cycle bank statement

If your most recent statement doesn’t cover the dates you need, you can order an out of cycle statement. 

Statements ordered will include all transactions since your last statement issued, until the end of the day you order your statement (if processed). Your new statement will appear on NetBank within 2 business days, or will be sent to your address in 4 to 5 business days.  Switching to e-statements could mean you receive your statement quicker. 

  1. Go to Order statements
  2. Select your account
  3. Order statement

Go to Order statements

Transaction listing    

Your transaction listing is a list of processed transactions on your account for a chosen date range, available for printing immediately. You can choose dates or time periods such as the previous 90 days or last financial year.

  1. Go to Transactions
  2. Select your account in the drop down list
  3. Select Print at the bottom of the screen

Go to Transactions

Transaction summary

Your transaction summary is an official letter available immediately, confirming your transactions and account details for a period you choose (includes up to 100 transactions).

  1. Go to Statements
  2. Select your account
  3. Enter required dates and select Download your summary

 

Go to Statements

Getting help

Tax can be complicated, so consider talking to your accountant or a professional tax adviser.

Want more tax-time tips for business owners?

Start here

Things you should know

Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information. Commonwealth Bank is also not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.