For medical professionals in private practice, April to June is a critical time of year. This is tax planning season — when key financial decisions…
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Did you get an unexpected tax bill from the ATO for Division 293 Tax, just when you thought you had everything sorted with your income…
Key considerations for starting a medical practice from scratch include: 1. Choosing the Optimal Business Structure; 2. Choosing the Practice Premises; 3. Lease or Buy;…
As the end of the financial year approaches, medical practice owners can optimise their tax positions by implementing these essential EOFY tax planning strategies.
Structuring medical practices can be done in a variety of way. Depending on your specific needs, structures can range from a simple sole trader entity…
Thomas and Naaz appeal was dismissed. The decision confirms that medical practices may be liable for payroll tax for payment to doctors practising under service…
From 1 July 2022, several key tax and super changes that are likely to impact your medical practice will come into effect.
Hiring employees for your Medical Practice can be a challenge. This checklist contains essential steps to guide you through the process of hiring workers.
The ATO audit hotspots for individuals are cryptocurrency, rental property expenses and work-related expenses. Avoid common tax return mistakes doctors make in their tax returns.
One of the most common questions we get asked by doctors and dentists working in private practice is “Can I employ my spouse and claim…