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Practices may now be liable for their provider’s billings. From 1st July 2019, medical and healthcare practice owners must be careful when incentivising their doctors or allied health professionals using the percentage of their gross fees method, or any other similar method. A possible risk is if a provider ‘dobs in’ a practice to escape […]
This article was first published by the Medical Republic on the 6th of April 2021. When a practice manager, doctor, or doctor owner says “our doctors are contractors” without realising it you may be opening a whole can of worms for your practice. Even your website that states “Our Doctors” could trigger an audit! […]
Overtime is not a badge of honour: It is a warning sign! This is Part One of the article Overtime is not a badge of honour: it is a warning sign! This article was first published by the Medical Republic on 15th June 2021. Overtime and staff burnout is your greatest challenge and opportunity. Three […]
This article has been published in the Medical Republic 9/3/2021 – Find article here I have been asked this question more times than I have had hot dinners. This has increased in recent times given GP practice acquisition race is on again and eye watering prices are being paid! ! If you own a General Practice […]
This article has been published in the Medical Republic on 9/3/2021 – Find article here Doctors and practices that use medical practice companies and trusts to bill their patients predominantly for labour services to reduce their tax are likely to be impacted by a new ATO ruling that starts later this year. Commencing 1st […]
We predict more Government audits for 2019 and beyond! We expect an increase in ATO audits over the next 12 months after seeing a spike in taxpayers details being linked (data matched) to the Tax Office’s databases. Furthermore there will be new 1st July 2019 harsh laws that stop legitimate payroll tax deductions if you […]
With the rise of the gig economy, correctly working out whether you are hiring an employee or simply engaging an independent contractor has never been more important. As a recent court ruling shows, getting it wrong can be costly, New payroll tax ruling for medical contractors A medical practice in the Homefront Nursing Pty Ltd […]
Start off on the right foot with an experienced, future proof accountant/advisor who cares for your practice/business and will help you work.. on the fun stuff too! This article will help you find the right accountant for you. Asking the right questions is more important than asking for the right answers. [vimeo 248424223 w=640 h=360] […]
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Since 2001, our exclusive and unique Doctors Pay Calculator provides a competitive edge for successful recruitment and retention of providers. You can order legally prepared up to date Health Insurance Act friendly Service Agreement templates. Keep Track of your service agreements and service fee viability and practice value. Easily calculate service fees, tax invoice, BAS and income Tax Extract Summaries from your providers, integrate with Xero and your database. Developed by experienced national Chartered Accountants and Registered Tax Agent Board No. 39902001
