Financial tips and updates for dental professionals
Welcome to the March, and first edition of Dental Wealth for 2019.
In this edition we bring to attention the ever growing focus from State Revenue Authorities toward dental, medical and allied health practices. Are you ensuring your practice structure isn’t making you liable for additional payroll tax?
We also outline the possible pitfalls of employing casual staff, and how to determine whether the benefits outweigh the cons. We also explain how to ensure you don’t get stung with excess tax when it comes to bonuses and work party expenses.
Should you be using Single Touch Payroll? Do you know how to report your STP obligations? Do you know the pros/cons of using STP? We touch on these points that will help clarify this new system.