2020-21 Budget update – How it affects medical practices and practitioners

By Belinda Hudson on 12/10/20 - Mins to read: 3 minutes

On 6 October 2020 the Federal Budget was handed down and there were no real surprises either good or bad, although there were some items of interest for Medical Practices and Practitioners, as detailed by Belinda Hudson below. COVID-19 Telehealth As previously announced, the temporary MBS telehealth codes continue through...
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Small companies may become large as a result of additional assets recognised under the new lease standard

By William Buck on 12/10/20 - Mins to read: 3 minutes

All Australian business leases will be subject to new accounting rules from January 1 2019, which could have significant impact on an entities overall financial position. Cate Pozzi, Senior Manager Network Risk, at William Buck Chartered Accountants and Advisors, says under the new rules a small proprietary company meeting the...
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Mid-tier encourages ‘fence sitters’ to innovate

By William Buck on 12/10/20 - Mins to read: 3 minutes

Commentary from Dr. Rita Choueiri, Principal of Research and Development Services and Jack Qi, Tax Director. R&D tax experts say tech companies shouldn’t be deterred by the ATO's clamp-down on software companies’ eligibility for the Research and Development Incentive. Dr. Rita Choueiri, Principal of Research and Development Incentives at William Buck, says...
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Festive fraudsters risk to businesses

By Grant Martinella on 12/10/20 - Mins to read: 3 minutes

While the Christmas holiday break is traditionally considered a time to unwind and reflect on the past year, it can also be one of the highest risk periods for business fraud. It is often when key senior management or CEOs take holidays leaving their businesses exposed to risk and opening...
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