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.
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.
When planning your staff Christmas functions and gifts, don’t forget to consider the tax consequences to save you money!
Purchasing a dental practice is a big investment into your financial future.
Finance structuring may not be top of mind when it comes to maximising your practice efficiency however beneficial finance options can provide efficiencies not only for your practice but also your personal finances.
Ensuring you have the right financial structure in place is crucial for any dental practice.
With around 87% of Australians being active internet users, you can’t afford to ignore digital marketing. The aim of digital (or online) marketing should be the same as your overall marketing plan – to reach new customers and engage your existing customers, however it can be challenging to know where to start.