When it comes to investments, many medical practitioners choose to invest in property. However, the world of investing in Australian property is an ever-changing landscape. Increasing regulation, paperwork and tax requirements...
The amendments to the instant asset write-off have been fully legislated less than a week since some of the changes were announced in the 2019-20 Federal Budget. The write-off has now been extended to slightly larger...
As expected with only a handful of weeks before the required election, the Morrison government’s 2019-20 Federal budget has not proposed any significant changes to Australia’s tax system. There are some small, short–term...
As of 1 July 2019, the Single Touch Payroll (STP) legislation is required for employers with 19 or fewer employees. This is an extension of the current legislation in place for businesses with 20 or more employees which have...
From July 1 2019, taxpayers will not be able to claim deductions from payments unless the associated withholding obligations have been satisfied. This provides a greater incentive for employers to comply with their withholding...
Important changes affecting the building and construction industry are looming and many companies will need to report by 31 March 2019. The Queensland Building and Construction Commission (QBCC) has changed the Minimum...
The ATO’s apparent change of opinion regarding the ability for companies to forgive debts “for reasons of natural love and affection” will change the way that property settlements occur. The withdrawal of their...
Employees in the public hospital system are fortunate to be able to salary package expenses by forgoing part of their pre-tax salary in return for their employer paying the expense on their behalf. Our medical team can help...