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…
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…
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…
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…