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.
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…
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…