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 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 […]

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 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 […]

Health and Life Package Pricing

Our standard Packages Specialised Products & Services Personal Financial Needs & Specialist Services Our Standard Packages Financial Outsourcing (including bookkeeping) Packages 1Quarterly Reviews from $105.00per week per entity This package is for those who want to keep track of their own debtors & creditors but need a helping hand to manage their basic bookkeeping and […]

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 checklist for patients and providers on why you can trust your local GP.  Our Prime Minister has had a hilarious start with an Aussie bird when announcing Australia’s […]

Doctors Pay Calculator

Over 25 years in service Over 1,000+ users Only Chartered Accountant and nationally registered tax agent developed and approved Cloud service available Easily keep track of all your signed provider contracts ARE YOU BEING PAID CORRECTLY? Introducing Doctors Pay (Service Fee) Calculator Does your practice provide the following information so you can prepare your BAS […]

Tax, practice tips and checklists

Practice Tips                                                              In the media and articles                                      […]

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 ensure you have carefully considered the future of the practice. Then make sure you have a current agreement with your amazing staff in writing. You cannot afford to make an irreversible strategic […]

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 program, but they could provide valuable financial support to organisations that qualify.  Some businesses may have already noticed refund payments or tax credits appear in their tax account.  With the […]

More Audits and Unsustainable Compliance!

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 […]

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 […]