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With an election in May; we've compared the proposed taxation and superannuation policies from both Liberal and Labor parties, and what the looming federal election outcome may mean for the future.
Tax is one of the largest expenses you have, so it makes sense to be smart about tax and not pay any more than you need to. Here are our tips to help you get on top of tax before it gets on top of you!
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?
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.