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.
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…
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…
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…
JobKeeper will be extended till 28 March 2021. New payment rates and eligibility criteria will apply to extended JobKeeper Payments.
As the end of 2020 financial year is approaching, we are sharing some simple yet effective tax strategies for Salary Earners to implement before 30…
JobKeeper Checklist designed to assist you through the process of checking your eligibility and applying for JobKeeper payments