If you are buying an investment property, should you have it in your own name or in a family trust? Each of these ownership structure…
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We have summarised key changes that need to be taken into consideration for tax planning for doctors, dentists and other health professionals in 2021.
Service Agreements for medical and dental practitioners came under a spotlight following court decision in Moffet v Dental Corporation. A contractor dentist was found to…
Getting the right equipment is essential for your medical or dental practice. Equipment finance options include buying, leasing and hire-purchase.
If you are buying or selling your medical practice, the price may be allocated across capital and revenue assets. Capital vs revenue distinction is important…
Can a doctor pay less tax by setting up a medical company? Many practitioners considering tax structures for doctors believe they will pay less tax…
When choosing a business structure, the first thing prospective business owners usually think about is “How can I pay less tax?”. As a result, they…
Instant Asset Write Off threshold of $150,000 was extended till 31 December 2020. While these measures may seem generous, the incentive may not be beneficial…
The Main Residence Exemption is a CGT concession allowing owner-occupiers to disregard capital gain on disposal of their home. However, homeowners often don’t realise that…
JobKeeper will be extended till 28 March 2021. New payment rates and eligibility criteria will apply to extended JobKeeper Payments.