Medical Accounting Specialist in Sydney - Prism Accounting

MEDICAL ACCOUNTING SPECIALIST

Accounting solutions and expert tax advice for health industry professionals

Medical

Dental

Allied Health

Medical & Dental Accountant, Small Business and Capital Gains Tax Specialist in Sydney 7

TAX TIPS AND NEWS FROM OUR BLOG

Don’t Forget to Apply for a Director ID from 1 November 2021

From 1 November 2021, Directors of Australian companies will need to apply for a Director Identification Number (Director ID). Applying for a Director ID is compulsory.

Medical practice owners concerned about payroll tax following Thomas and Naaz case

Thomas and Naaz Case: Payroll Tax Exposure Concern for Medical Practices

Medical Practices are in the spotlight again over Payroll Tax obligations following the decision in Thomas and Naaz case.

Don’t Forget To Declare These Things In Your Tax Return

Common types of income misreported or overlooked include Cryptocurrency Gains, Scholarships, Personal Service Income, Assessable Industry and Government Payments, Capital Gains.

discussing tax deduction for doctors with an accountant

Top 10 Most Forgotten Tax Deductions for Doctors

Doctors incur a substantial amount of tax deductible expenses, some of which often get overlooked. We have summarised the top 10 most commonly forgotten tax deductions for doctors.

Things To Do Before Your Tax Return Is Due

As the major tax deadline is approaching, there are a few important things that some taxpayers need to do before their tax return is due.

Professionals assessing the compliance risks of allocation of professional firm profits using PCG 2021/D2

New Draft PCG 2021/D2 Allocation of Professional Firm Profits: What Does It Mean For Your Medical Practice?

The ATO released Draft PCG 2021/D2 Allocation of Professional Firm Profits, which explains how the ATO intends to apply compliance resources when considering the profit allocation of professional firms.