Choosing a superannuation fund... how to compare and make sure it's right for you

September 2020

Choosing a superannuation fund is a big decision. Making the right choice can have a significant impact on your financial future. Super will likely be the biggest investment you have in your lifetime after a house. So, it makes perfect financial sense to spend the time to get it right!

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Instant Asset Write-Off Extension

September 2020

During June 2020 the $150,000 Instant Asset Write Off end date was extended from 30 June 2020 until 31 December 2020. 

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Service Agreements are again in the spotlight

September 2020

A recent decision in the Full Federal Court has again put service agreements to the test with a decision that is likely to widely impact the dental profession. The Full Federal Court has unanimously held that a dentist, Dr Moffet (the dentist) who operated under a service agreement was an “employee” under the Superannuation Guarantee (Administration) Act 1992, and not an independent contractor.

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Extension of the JobKeeper Program

September 2020

During July and August 2020, the Federal Government announced that the JobKeeper Payment, which was originally due to run until 27 September 2020, will continue to be available to eligible businesses (including the self-employed) until 28 March 2021.

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The recent payroll tax activity continues. Is your practice at risk?

April 2020

As you are probably aware, the recent payroll tax cases in NSW and Victoria have demonstrated the Office of State Revenue’s renewed vigour to try to undo well accepted medical and dental practice structures, none more so than in the Optical Superstore case where recently the Victorian Court of Appeal found payments made to Optometrists by the Optical Super Store were subject to payroll tax.

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Employee or contractor? Payroll Tax is not the only issue!

April 2020

The classification of an associate dentist as a common law employee or an independent contractor is not only relevant when determining a practice’s potential payroll tax obligations.

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Our top tips for setting KPI's for employees

April 2020

Setting key performance indicators (KPIs) is essential for any dental practice’s congruency and efficiency.

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FBT Christmas gifts and Christmas party exemptions

October 2019

When planning your staff Christmas functions and gifts, don’t forget to consider the tax consequences to save you money!

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Negative gearing still an attractive strategy

October 2019

Following Labor’s failure to win the election and implement changes to negative gearing, the Coalitions stance on negative gearing looks set to remain as a tax-effective strategy ... at least for the moment anyway! 

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Alternate investments to property

October 2019

Looking for alternatives to property as an investment as part of your overall tax effective structuring?  

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