TENANT DOCTOR PAYROLL TAX and EMPLOYER SUPER GUARANTEE TAX FREE

The Doctors Pay Calculator and the digitally encrypted e-Service Agreement have been submitted to the Australian Taxation Office (ATO), all State Revenue (Payroll Tax) Offices, the Department of Health and Ageing, and even the Prime Minister and Opposition Leader for an Official ruling. CEO and Founder David Dahm is CPA Australia’s appointed payroll tax representative for medical and healthcare practices, with local Deputy Commissions in charge of payroll tax compliance in the healthcare sector.  

To our knowledge, no other software, law or accounting firm has taken this unprecedented step in Australia. 

Why does evidence-based contracts this matter?

Getting it wrong at the beginning can end up costing you a lot more. 

In 33 years we are yet to see a practice get it right, which is why medical and healthcare practices have a nationwide tax problem. 

Our focus is on doing what’s right, not just what’s popular. 

We have taken this step because we believe this  impacts patient care.  

We have observed many practices unnecessarily increase patient out of pocket fees to cover the additional payroll tax (which is not legal or ethical  due to poor or limited legal and accounting advice) making this a public interest issue.  

Because we have a thorough full-time understanding of the rules. 

In today’s environment, according to the ATO you can no longer rely on your legal and accounting advisers, business models, structures, or software that haven’t been jointly reviewed by both your lawyer and your accountant. 

Additionally, it’s essential that your accountant has specific experience in the national medical and healthcare sector 

– ideally, someone who has successfully navigated a tax audit, 

just as we have with over 30 years of tax and accounting experience with a more certain, easier and cost effective solution. 

A Real Software and Tax Compliance Risk 

ATO and SRO data matching is now legally alive and well.  

Your accountant is legally obliged to check your bank reconciliations and journal entries which must be consenting third party evidenced backed which must be reported to the tax agent board if not compliant including your tax agent. 

Mandatory Tax Agent Reporting : Non-Tax-Compliant Software

Any non-tax-compliant software you use must be self-reported by your tax agent or another tax agent who is aware of the issue to the Tax Agent Board. Using non-compliant software may expose your practice and its practitioners to the risks of a tax audit. 

Changing over software programs because of an audit is disruptive to your practice.

For more information click HERE