At the National Press Club, ATO commissioner Chris Jordan spoke about a change in tactics at the ATO, with a greater focus on work related deduction claims by individuals, representing $22 billion worth of claims made each year. He said a substantial portion of those claims are ‘mistakes’ or ‘fraud,’ although he did not discuss […]
Tax Advice
Tax Advice: 2025 Tax Return | Increase Your Tax Refund | Tax Deductions | Medicare and Health Insurance | Tax Rebates
Want to become a sole trader? 3 steps to make sure you do it right!
Do you want to become a sole trader with long term success? We have a few tips to help you get started! If you have a great idea or an original product? Do you have a clear idea about who your customers will be and what they want? Are you prepared to deliver knock out service? If you answered […]
Being made redundant could re-ignite your career: Redundancy tips from a careers expert
Being made redundant is often a tough thing to overcome. Yet, an amazing two per cent of Australian workers experience it every year! We spoke to Australian career advice expert Russell Johnson, a career planning veteran with CEO-level experience in Australia and the US, to get a fresh perspective on being made redundant. Russell also […]
Holiday Rental Tax Deductions: The Basics
Do you own a holiday rental property? You could be eligible for valuable holiday rental tax deductions. Holiday rental properties are a common type of investment property in Australia. Although the operating costs of a holiday rental property can be higher than other rentals, rents are higher too. So, when well managed and maintained, the […]
How To Claim The Car Logbook Method (Free Car Logbook Template)
The car logbook method is a good way to track your car expenses and claim them on your tax return (to increase your tax refund). But, you need to keep a car logbook. If you use your car for work purposes, the ATO will let you make a claim on your tax return for some car-related […]
How to Save Tax in Australia: Three Easy Ways to Get a Bigger Tax Refund
When you do your tax return each year, do you get the full tax refund you’re entitled to? Are you looking for a bigger tax refund, but don’t know where to start and don’t want to get in trouble with the ATO? In Australia, millions of people miss legitimate tax deductions. That means people don’t […]
What can teachers claim on tax?
What tax deductions can teachers claim on tax? Like many professionals, teachers often pay for work-related expenses out of their own pockets. In most cases, these expenses turn into valuable tax deductions for teachers come tax time. For a teacher, tax deductions can significantly improve your tax refund – if you know what you’re doing. […]
Can My Friend Do My Tax Return For Me?
Do you have a friend who seems unfazed by doing their taxes? (Wouldn’t that be nice!) You might have wondered, “Can I just get my friend do my taxes for me?” Okay, the basic answer is a firm “no”. There are some important reasons you should not pass your taxes over to a friend. But don’t worry – […]
Tax Deductions for Nurses & Midwives
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 […]
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 […]
Income Protection Insurance is your safety net, with a tax-deductible perk!
It’s natural for us to want to protect everything we care about. So, why don’t more of us protect our income? Many of us insure our cars, our houses and our possessions, but how many of us protect our weekly income with income protection insurance? The answer is, no many! In fact, when we surveyed taxpayer data we discovered that […]
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 […]
