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.
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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…
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…
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…