Lighthouse Financial Review Checklist

Admin

Clients Names*

Prepared By

Reviewer

Date Review Received

Date Review Started

Date Review Completed

Was there a delay and if yes, why?

Yes
No

Reason for delay

Number of properties

Other considerations

Client Information

Source Documents
Client Provided Figures
Mixture of Source Documents and Client Provided Figures

Reviewed Items

Property One Address

Property One Interest Deductibility Treatment

Property Two Address

Property Two Interest Deductibility Treatment

Property Three Address

Property Three Interest Deductibility Treatment

Property Four Address

Property Four Interest Deductibility Treatment

Property Five Address

Property Five Interest Deductibility Treatment

Property Six Address

Property Six Interest Deductibility Treatment

Property Seven Address

Property Seven Interest Deductibility Treatment

Property Eight Address

Property Eight Interest Deductibility Treatment

Property Nine Address

Property Nine Interest Deductibility Treatment

Property Ten Address

Property Ten Interest Deductibility Treatment

Rental Income

Property Manager matches
Property Manager variance corrected
Bank statement workings match
Client Provided figure used

Was the property rented for the full year?

Yes
No

If no, were expenses apportioned appropriately*

Yes
No

Corrections made

Expenses included

Tick box next to following expense categories.

Are there any other expenses?

Are there any large variances to last year?

Were there any refinances or loan drawdowns?

Yes
No

Was there a cashback received?

Yes
No

Was there any legal fees incurred?

Yes
No

Were there any assets purchased and are these added into the schedule?

Yes
No

Did you make any adjustments to the workings?

Did the preparer make any adjustments to client-provided information?

Have you checked the following

Inland Revenue income matches?

Yes
No

Are there donations?

Yes
No

If yes, is the person registered for donation tax credits with Inland Revenue?

Yes
No

Income Protection insurance?

Yes, Indemnity
Yes, not deductible
No

Does IETC Apply?

Yes
No

Is there anything further that needs clarification from the client?

Did the prepared cover letter, match the figures in the return?

Yes
No

Is there provisional tax to consider and is this included in the cover letter?

Yes
No

Is there a student loan to consider and is this included in the cover letter?

Yes
No