2018 Historic Doctors/Providers Payroll Tax warning!

Beware of the payroll taxman… As reported in a recent interview in the Medical Republic paying doctors or providers incentives may attract payroll tax that many are unaware of. A checklist based on this recent case is below so you can test how safe you are from an audit. We have recently received a number […]

2016 A New Tax Blitz on Practice Trusts/Companies and Payroll Tax!

As both State and Federal Governments continue to struggle for money, the medical profession is increasingly becoming a low hanging fruit opportunity. Poor understanding, documentation or a less than wise frugal approach is landing some doctors and practices into hot water. To be fair, setting up and running a practice can be a complex affair. […]

Tax, practice tips and checklists

Practice Tips                                                              In the media and articles                                      […]

New Tax sting: Is your practice running like a brothel?

A Brothel has to pay GST, withholding tax in cash economy case. A high-end brothel will have to pay more than $6 million after an unsuccessful bid to avoid tax and GST obligations relating to its sex workers. Purely from an accounting and taxation viewpoint we examine the key issues. Those who would like to […]

New Tax Office Warning – your practice could be facing a double risk?!

Breaking news : Watch out doctors ATO takes aim! I raised this news story with the Medical Observer last week and it made the headlines see: http://www.medicalobserver.com.au/news/frypan-to-fire-tax-traps-for-gps and http://www.medicalobserver.com.au/news/watch-out-docs-ato-takes-aim. Unfortunately, if your doctors or practitioners are affected by the recent Federal Tax Office announcement then your practice may be simultaneously exposed to a significant payroll tax […]

APPENDIX 2.2 ACCOUNTING AND TAXATION (ANNUAL)

APPENDIX 2.2 ACCOUNTING AND TAXATION (ANNUAL) 2.2.1 BAS returns As the BAS returns are prepared quarterly and lodged during the financial year, it is not possible for this firm to review the correctness of the underlying financial information as part of the preparation of the quarterly BAS return. This is because we are engaged to […]