Medical Blog
Remain up to date with the latest industry specific news, advice and updates
March 2019
Whether it’s Christmas parties, EOFY celebrations or any events in-between a little bit of planning now could save you from a rude shock come FBT and tax time.
February 2019
A lot of employers are not aware of the pitfalls when it comes to hiring ‘casual’ employees, thinking this would be less risky or more flexible for their practice than permanent employment.
February 2019
Single Touch Payroll or (STP) is a way of sending your employees' salaries and wages, allowances, pay as you go (PAYG) withholding and superannuation information to the ATO from your payroll software every time you pay your employees.
February 2019
Lately state revenue authorities have increased their focus on medical and allied health practices. Their focus has been on reviewing whether payments to professionals are “deemed wages” and therefore subject to payroll tax. Could your practice structure make you liable for the additional tax liability?
September 2018
All businesses and not-for-profit organisations with an annual turnover of more than $3 million, including private sector health service providers, with an annual turnover of $3 million or less, are required from 28 February 2018 to report any “eligible data breaches” to the Office of the Australian Information Commissioner (OAIC) and any affected, at-risk individuals.
August 2018
As most Practices are reliant on a small number of practitioners to generate income, it’s worth asking the question:
June 2018
It’s no secret that technology and innovation is on the rise on a global scale.
This movement has influenced its way through from big business and is heavily impacting the operation of medical practices.
February 2018
Is it time to review your current payroll system?
Single Touch Payroll (STP) is on its way, we ask you as a medical professional - have you started to prepare your practice for success?
July 2016
I've got too much debt. How do I reduce it?
Sound familiar? It certainly does to us. In fact, this is one of the most common conversations we have with our Medical clients.
June 2016
Having the correct financial structure in place is arguably the single most important element in the accumulation and preservation of your wealth.
This isn't hyperbole; it's a plain and simple fact.