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…
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…
The Treasurer delivered the 2022-2023 Federal Budget on Tuesday 29 March 2022. We have listed the key measures likely to affect doctors and medical businesses.
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…
Common types of income misreported or overlooked include Cryptocurrency Gains, Scholarships, Personal Service Income, Assessable Industry and Government Payments, Capital Gains.
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.
We have summarised key changes that need to be taken into consideration for tax planning for doctors, dentists and other health professionals in 2021.