Family Trusts Under ATO Attack: Income splitting your kids!
The two main points to come out of ATO’s (Australian Taxation Office) new income splitting ruling on family trusts are, firstly, pay out your adult
Every cloud has a silver lining: How the 2022 Govt budget may impact your practice
How the 2022 Federal Budget will impact your practice This year’s Federal Budget is focused on stimulating the economy out of a COVID-19 recession, with
Payroll Tax Duck Hunting Season warns AMA
This article appeared in The Medical Republic on 28th February 2022. On the 25th of February 2022, the NSW AMA held a concerning online webinar
Banking on a practice tax time bomb?
Australian Tax Office Risk: Contractor doctors or healthcare providers who allow their patient fees to be banked in their practices ABN linked bank account may
Federal Court Tax Ruling Shock: Your spouse may no longer be able to protect your family home
Federal Court Tax Ruling Shock: Your spouse may no longer be able to protect your family home This article was first published by the Medical Republic on
New Medical Practice Payroll Tax Ruling: How you pay your contractor doctors may affect your bottom line
New Medical Practice Payroll Tax Ruling: How you pay your contractor doctors may affect your bottom line Did you know that payroll tax applies to
Is ‘consent’ the o-ring of Medicare audit?
Is ‘consent’ the o-ring of Medicare audit? This article was first published by the Medical Republic on 27th of August 2021. There’s a tiny technical
Stay safe, stop bulk billing! A simple cure for Medicare Audit Anxiety?
Stay safe, stop bulk billing! A simple cure for Medicare Audit Anxiety? This article was first published by Health and Life on 28th August 2021. As accountants
1st July 2021 new 2.5% Award and 10% Super pay rise or freeze?!
1st July 2021 new 2.5% Award and 10% Super pay rise or freeze?! This article was first published by the Medical Republic on 13th July 2021.
Overtime is not a badge of honour: it is a warning sign!- Part One
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
Want a higher “Red Book friendly” pathology rent?: How you go about it matters!
Want a higher “Red Book friendly” pathology rent?: How you go about it matters! This article was first published by the Medical Republic on 20th April
A patient’s view: only five minutes to decide if I get COVID vaccinated?
The government is coercing patients and GPs into an unhealthy relationship by forcing GPs to reduce the time of a consult and gagging medical professionals
Don’t use the “C” Contractor Word! – Part Two
This is Part Two of the article “Don’t use the “C” (Contractors) Word”. I cover practical examples and key court cases that best illustrate check
Don’t use the “C” Contractor Word! – Part One
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
How much is my practice worth?
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
ATO raises the bar on income splitting and related entities
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
Cashing in on COVID19
This article is referenced in the Medical Republic’s article Making the COVID vaccination pay 23/2/2021 Make it safe: a sustainable and socially responsible solution. A five point
New GP vaccination items don’t add up and Patients should be free to choose even if the vaccine is not free
New GP Vaccination items don’t add up. For more information click here. Patients should be free to choose even if the vaccine is not free click
The Medical Republic webinar: Practice success is all about the attitude
The COVID-19 pandemic has placed practice business models under a magnifying glass, and many have been found wanting. Fewer consults, increases in nurse and reception
AMA (WA) webinar: Money, medicine and protecting yourself
We are proud to be invited by the AMA (WA) to present to young doctors and Practice Owners. The Australian Medical Association (WA) is pleased
The Medical Republic webinar: Turning the tide of the F2F patient exodus
Patients are “voting with their feet” by avoiding waiting rooms during COVID-19, but GPs don’t have to wait passively for patient confidence to gradually return,
The Medical Republic webinar: Practices Pass Up JobKeeper by Mistake; Bullied on Rental Income
As many as 70% of GP practices may have so far passed up government support of anywhere between $30,000 and over $100,000 because practice owners
Practice Collapse: ABC 7:30 Report featuring David Dahm
Coronavirus pandemic leaves hundreds of medical practices on the verge of collapse David Dahm was invited to speak on the ABC 7:30 Report about falling
Experiencing a patient exodus? Here’s how to coax them back
Patients are “voting with their feet” by avoiding waiting rooms during COVID-19, says business advisor David Dahm. But GPs don’t have to wait for patient
Path labs are demanding 50% rent cuts
Major pathology companies are attempting to halve their rental payments to GP practices across the country, a move that threatens to financially cripple already struggling
Six vital steps to take if your practice is in COVID-19 distress
Practice management expert and accountant David Dahm has released a comprehensive and practical 101 survival guide for practice owners HERE Since the start of the
2020 Doctors Pay Calculator now on the cloud protects practices from Employee v Contractor problems!
We are proud to announce, after many decades, the desktop Doctors Pay (Service Fee) Calculator has moved to the cloud. Unfortunately, the and the desktop
Could your business do with a cash flow boost?
The two cash flow boosts provided by the federal government to help businesses deal with the COVID-19 emergency have largely been overshadowed by the JobKeeper
1st July 2020 1.75% Award pay rise or freeze?
Think carefully Did you know that on the 1st July 2020 your staff may be legally entitled up to a 1.75 % pay rise? Just
Important coronavirus updates: JobKeeper scheme and unpaid pandemic leave
There have recently been some changes to workplace laws to support employees and employers during the coronavirus pandemic. JobKeeper scheme The Fair Work Act has
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About me: David Dahm BA (Acc.), CA., FCPA, CTA, FFin, CPM, FAAPM, FAIM, FGLF.
Chartered Accountant, Chartered Tax Adviser, Registered Tax Agent, Former AGPAL Surveyor 10 years of service
David Dahm is CEO and founder of the national medical and healthcare chartered accounting firm Health and Life and global Founder and CEO of the not for profit project the International Healthcare Standards and Ethics Board (www.ihseb.org)
After a serious work related car accident in 1989, and nine operations later I continue to be a patient and provider advocate. I enter my third decade as a national Chartered Accountant for Medical and Healthcare practices in Australia. I am a former 10-year Australian General Practice Accreditation surveyor. I come from a medico family. I have served on the AAPM national Board and was the inaugural national Chair of the Certified Practice Manager CPM post nominal. I continue to provide accounting tax and practice management advice to many practices all over Australia.
You know who you are and I thank you for this real honour and privilege to serve you and your community through you. Note, I am not a lawyer please seek appropriate legal and accounting advice. This information is for general information and discussion only.
