Tue May 30 2023
Labor’s Federal Budget 2023 didn’t bring many surprises for medical professionals, but there are a few noteworthy changes worth mentioning.
Thu May 25 2023
With end of financial year fast approaching, now is the time to get your business and tax affairs in order if you haven’t already. This year we have seen a number of changes to tax and superannuation that businesses and individuals need to be aware of.
Tue May 16 2023
Tue May 09 2023
Labor’s 2023 Federal Budget produced no surprises. Indeed, apart from some overdue improvements to Medicare funding, some would say that it produced nothing much at all.
Tue May 02 2023
With the Federal Budget just a week away, we consulted our crystal ball to collate some predictions for tax and business related changes we believe could be included in the budget. With last October’s mini-budget under his belt, and with two years until the next federal election, this budget affords Mr Chalmers a good opportunity to make more significant tax changes.
Thu Apr 20 2023
The last 12 months have seen a number of formal publications issued by the Australian Taxation Office (ATO) in relation to trusts. In December 2022, the ATO finalised its long-awaited guidance on trust distributions and what it considers to be a ‘reimbursement agreement’.
Thu Apr 06 2023
To assist you with treading through the dark and murky waters of FBT, we provide guidelines for employers (Part 1) and for employees (Part 2), to help you gain a better understanding of your potential FBT obligations and consequences of providing or receiving fringe benefits.
Mon Apr 03 2023
With the surge of remote work in recent years, working from home deductions have become increasingly relevant. Many taxpayers have become used to the shortcut method whereby 80 cents per hour was used to claim working from home deductions.
Hot on the heels of the release of a consultation paper proposing a legislated objective for superannuation, the Government has called for a ‘modest adjustment’ to super tax breaks by proposing an additional tax on the earnings of those members with balances above $3 million.
Do you ever get to 30 June and wonder, “How can a new financial year be about to start? Where did the last twelve months go?” Do you wish you had spent some time getting your business accounts and record keeping in better shape to help make your life easier for the new financial year?
Tue Mar 21 2023
A recent court case has confirmed that payroll tax was correctly imposed on a medical centre. All medical businesses and GPs are now urged to consider the impact of payroll tax on their practice.
Fri Mar 10 2023
The Pilot Partners medical team can assist with various areas of your medical practice management.
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