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Medical practices came under the spotlight again over Payroll Tax obligations following the NCAT decision in Thomas and Naaz Pty Ltd v CCSR [2021] NSWCATAD 259, which was handed down on 3 September 2021. The Tribunal held that the payments made by...
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Can a medical practitioner pay less tax by operating through a company?Many medical practitioners coming to us for advice about tax structures for doctors mistakenly believe that if they operate through a company they will pay less tax by taking adva...
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Tax Structures for Doctors – Should You Incorporate Your Medical Practice?
Tax Structures for Doctors – Should You Incorporate Your Medical Practice?
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Each year, doctors and medical professionals incur a substantial amount of expenses for work or business purposes. Some of these expenses can be easily overlooked or forgotten in the end-of-the-year rush. We have summarised the top 10 most commonly ...
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Top 10 Most Forgotten Tax Deductions for Doctors
Top 10 Most Forgotten Tax Deductions for Doctors
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While the Covid-19 pandemic took the world by storm bringing rapid economic changes in 2020, the recovery process is likely to be slow. The good news is, medical business owners can take certain steps to improve their profitability, minimise risks an...
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5 Steps to Revitalise Your Practice After Pandemic
5 Steps to Revitalise Your Practice After Pandemic
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