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…
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…
If you’re in business of providing personal services, you may be a subject to Personal Service Income (PSI) rules that affect how your income is…