As a nurse, midwife or health professional, it’s common to purchase work-related items and pay for them yourself. And these out-of-pocket expenses are often valid tax deductions for nurses, and claimable on your next tax return. Below, we’ve covered a range of tax tips and tax deductions all nurses should read to boost your refund. […]
2024 Tax Return
Tax Advice: 2024 Tax Return | Increase Your Tax Refund | Tax Deductions | Medicare and Health Insurance | Tax Rebates
Truck driver tax deductions – What you can and can’t claim
Put your taxes into a higher gear: Claim ALL the truck driver tax deductions you’re entitled to! Spending so much time away from home becomes expensive for truck drivers. Thankfully many of those expenses can be claimed as truck driver tax deductions on your annual tax return. As you would expect, maintenance and repairs of your vehicle as well as running costs […]
Rental Property Tax Deductions – made easy!
Rental property tax deductions can be confusing so we thought we would expel a few myths and clarify a few essentials when it comes to claiming your property expenses. Often, a rental property is expensive to maintain, especially if you have gaps between tenants. However, provided you purchased a solid property in a good or progressive suburb, it generally […]
Tax Deductions for Tradies – Give your refund a boost! (with Infographic)
I’m a tradie. What tax deductions can I claim? People who work in a trade such as builders, plumbers and electricians to name a few, often pay for work-related expenses out of their own pockets. And when you’re working long hours or busy meeting deadlines, it doesn’t leave you much time or energy to think […]
Top 3 Missed Tax Deductions
A great way to increase your annual tax refund is to claim tax deductions. People often ask us what tax deductions people often miss out on, so here is a quick list that might help boost your tax refund this year. Avoid these 3 commonly missed tax deductions… 1. Claim Union and Registration Fees Do […]
How To Get Your Tax Refund Faster
When you’re expecting a tax refund, waiting is never easy. Instead of just wishing for it to arrive sooner, read on! There’s no way to know exactly how long the ATO will take to process your tax return. Behind the scenes, the ATO examines tax returns more closely than ever, analysing and comparing your return […]
Private Health and Your Taxes: “Should I get Private Health Cover?”
There is a lot of debate in the media about the pros and cons of private health insurance. People are often asking, “Should I get private health cover?” Opinions about private health cover are changing. Saving money when it comes to tax time is an important part of the decision. According to Australian consumer watchdog, Choice, cheaper […]
ATO crackdown on ride sharing drivers
Concerned that too many drivers are avoiding tax, the ATO is cracking down on ride sharing drivers contracted to companies such as Uber, Ola and Didi Last year the ATO warned Uber drivers that avoiding tax wasn’t an option, this year it’s getting evening tougher. Banks are required to provide details of ALL customer payments […]
Work related car expenses: what can I claim on my tax return?
If you use your car for work related journeys, other than to and from work, it’s likely that you can claim your car expenses on your tax return. Work related car deductions are a very common type of deduction, are easy to claim correctly, and will boost your refund. What car expenses can I claim? […]
Tax Deductions for University Students – What can I claim
Uni students can sometimes claim great tax deductions during their degrees and qualifications if they meet certain criteria. In this post we’ll discuss tax deductions for uni students – and outline some expenses you are not allowed to claim. It’s worth noting straight away that in order to claim any kind of tax deduction, you […]
Overseas HELP Debt – What is it?
The ATO implemented formal changes to how they recover “overseas HELP debt”. So, if you have lived overseas for more than 6 months and have a HELP debt, you may need to make HELP repayments How does the ATO recover HELP debts? Prior to 2017, Australians with a HELP or TSL debt did not have […]
Pilot and Cabin Crew Tax Deductions
We explore tax deductions for cabin crew and pilots. What if there wasn’t a welcoming cabin crew with huge smiles when we board an airplane? Where would we all be without that extra pillow, hot meal, or glass of wine to ease the tedium of being squeezed into an area the size of a cat bed for hours […]
Retail Worker Tax Deductions: What can you claim? (With Case Studies)
Putting the spotlight on tax deductions for retail staff Retail employees like sales assistants, store managers, suppliers and buyers often ask us what tax deductions for retail they should claim on their annual tax return. If you work in a retail shop, there are a lot of tax deductions you might be able to claim. Many […]
Tax Deductions for Aged Care Workers
Do you work in the aged care industry? Do you want to know what aged care worker tax deductions you can claim? From time to time you probably pay for work-related purchases “out of pocket”. Anytime you pay for work-related item, you need to keep careful track so you can re-claim some of that money […]
Airbnb Tax Information: Tax tips for Airbnb hosts
How does Airbnb affect your tax return? Here’s your guide to everything you need to know about Airbnb tax On a non-business level, Airbnb offers a great opportunity to earn some extra cash by renting out that spare room, or a holiday home that would be quiet for much of the year. However, Airbnb hosts […]
