Tax

Truck drivers often spend a good deal of time away from home so have expenses that quickly mount up. Luckily many of these expenses can be claimed as tax deductions on your annual tax return. Truck driver tax deductions include expenses for training, meals, accommodation, clothing as well as maintenance and repairs of the vehicle. […]

Tradies work long and hard to meet tight deadlines, which often leaves little time or energy to think about taxes. As a result, many tradespeople either pay too much tax or miss changes in legislation and don’t pay enough tax. Does this sound familiar? Tax tips for tradies Tax can be tricky for tradies, and claiming […]

Every year thousands of people miss out on tax deductions that they are eligible to claim. Are you one of them? Quite often these missed tax deductions are simply forgotten but in many cases people just aren’t aware that an expense can be claimed. We asked our accountants what the most commonly missed tax deductions are and […]

What are individual tax deductions? Individual tax deductions are work-related or eligible personal expenses that reduce your taxable income, helping you pay less tax and increase your tax refund. If you’re an employee earning a salary or wages, the ATO classifies you as an individual, and that means you’re eligible to claim individual tax deductions […]

The first thing you need to know about teacher tax deductions is: there are a lot of them! Tax deductions for teachers are numerous, so if you know what you’re entitled to claim you could see a nice increase in your tax refund when you do your next tax return. Let’s be honest though, the […]

Did you know that you might be able to claim charity donations as a tax deduction on your tax return. If the charity you have donated to is registered as a Deductible Gift Recipient you can usually claim charity donations on your tax return. Read on to see what you can and can’t claim: What is […]

Do you know what the most common tax deductions for nurses and other health professional are? Nurses and health professionals do an important job that keeps the rest of us fit and well, but if you’re in the medical profession and you’re not looking after your finances as well as you look after your patients, you […]