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 are claimable on your next tax return. Below, we’ve covered a range of tax tips and tax deductions all nurses should read to help boost […]
Tax Advice
Tax Advice: 2026 Tax Return | Increase Your Tax Refund | Tax Deductions | Medicare and Health Insurance | Tax Rebates
Exploring the FIRE Movement: A journey to financial freedom in Australia
The FIRE (Financial Independence, Retire Early) movement is growing but it takes a good deal of commitment and sacrifice.
Find Lost Super – How to track down your superannuation and boost your retirement savings
Are you looking for your lost super? Do you have multiple super funds? Not sure? It’s easy to take control of your superannuation today. Finding and consolidating your lost super could significantly boost your retirement savings.
Working Australians Tax Offset (WATO): What Does It Mean for You?
The federal government announced in the 2026–27 Budget a new tax offset called the Working Australians Tax Offset, or WATO. It will be a permanent annual tax offset of up to $250 for Australians who earn an income from their job.
The $1000 Instant Tax Deduction: What It Really Means for Your Tax Refund
Sometimes called the ‘$1000 automatic tax deduction’, this new $1000 Instant Tax Deduction is coming in 2027. Here’s the short version: First mentioned in the lead-up to the April 2025 federal election, the Government announced a “$1000 instant tax deduction” and also confirmed it in their 2026 Federal Budget in May. NEW 2026 Budget Update: […]
Tax Guide For Couples: How does having a spouse affect your tax return?
This tax guide for couples helps you determine whether you need to include your partner’s information on your next tax return. Read on to learn what you should tell the Australian Taxation Office (ATO) this year… Who the ATO defines as a spouse for tax purposes is a common cause of confusion. Once you’re familiar […]
3 Achievable Financial Goals to Set Each Year
If your mind is full of goals but they all seem so overwhelming that you keep putting them off, this article is for you. We look at how you can achieve more by aiming for less.
What is negative gearing? How it works and whether it’s right for you
Negative gearing happens when an investment property costs more to own and run than it earns in rent. As the investor, you cover the gap between what the property costs and what it earns. The shortfall isn’t always easy to cover, but the tax benefits make negative gearing an attractive strategy for many Australian investors. […]
HELP Repayment Rates: How To Repay HELP Debt Quickly
Need help with HECS-HELP debts? Here are some tips on repaying your HELP debt… If you are one of many people who finished university with a HELP (Higher Education Loan Program) debt, you might not be sure exactly what the steps are to repay help debt. It’s important that you know how to repay HELP debt, […]
Redundancy Payment and Your Taxes
What is a Redundancy Payment? A redundancy payment, also known as Employment Termination Payment (ETP), is a lump sum amount paid to an employee after redundancy. There are a few different types of redundancy payments, and each one can have a different effect on your tax return at tax time. For tax purposes an Employment […]
Salary Sacrifice and Tax: The Basics
Salary sacrifice arrangements, also known as salary packaging, can be a smart way to get ahead, but it can also get confusing. Essentially, salary sacrificing means you use a portion of your pre-tax income in exchange for certain benefits or items. And, as you use your pre-tax income, you pay less tax overall. Many employers […]
Private Health Rebate: How does it impact my Private Health Insurance?
The private health rebate is a percentage of the total premium amount which can be applied as a reduction to your health insurance premiums or it can be applied as a refundable tax offset come tax time. What impacts my private health rebate? Your rebate is calculated based on your living status, age and income […]
Why Is My Tax Refund So Low?
And How Do I Avoid It Happening Again?
Approximately eight out of every ten Australians who lodge a tax return receive a tax refund. But for some of us, the refund that we get isn’t quite as big as we expect.
$1,700 in Unpaid Super Every Year – Here’s What You Can Do About It
Would it bother you if your weekly or fortnightly pay was consistently 12% short? Once you noticed, would you do something about it? If you’re like most Australians, the answer would be a resounding “Yes!”. Here’s the scary part: this is exactly what’s happening to as many as one in three Australians. So, what’s the […]
How to defer a HELP debt during financial hardship
If you have a HELP debt and are experiencing financial hardship, you may be eligible to ask the ATO to defer your HELP debt for a temporary period. If the ATO accepts your request, it means that they will put a temporary hold on your repayments. What is a HELP debt? Commonly referred to as […]
