MEDICAL ACCOUNTING SPECIALIST
Accounting solutions and expert tax advice for health industry professionals
TAX TIPS AND NEWS FROM OUR BLOG
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 Practices are in the spotlight again over Payroll Tax obligations following the decision in Thomas and Naaz case.
Common types of income misreported or overlooked include Cryptocurrency Gains, Scholarships, Personal Service Income, Assessable Industry and Government Payments, Capital Gains.
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.
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.
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.