Health

It is hard to believe that we are in June already, and with only four weeks until 30 June, we have collated some important tax planning opportunities in the lead-up to the end of the financial year. Uncapped immediate write-off of assets Per the budget announcements, this scheme has been...
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This article was first published on the LinkedIn Business Page of The Professional Medical Practice on the 14th May 2021. On 11th May 2021, Treasurer Josh Frydenberg announced the Federal Budget for 2021-22 and we have summarised the key points related to medicos. This budget includes a raft of measures...
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The long-awaited update from the ATO on the allocation of profits for professionals has now been released and is already causing some confusion in the medical industry.  Keep reading for  some of the key facts and how they might apply. Key facts This is not a change of income tax...
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A number of our larger medical client groups have recently been approached by “large corporates” and/or Private Equity (PE) firms scoping interest in the potential sale of their practices. This is consistent with a broader trend we are seeing in the market with a strong focus on consolidations and mergers...
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In response to the coronavirus pandemic, the Australian Government made temporary telehealth items available through Medicare to help reduce the risk of transmission and provide a safer way for patients to receive medical assistance. This applies to patients of GPs, specialists, dentists, maxillofacial surgeons and mental health professionals, among others....
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As advisors to a significant number of medical professionals, we often see these professionals make less than optimal financial decisions throughout their working career and at retirement. Given the level of commitment and discipline medical professionals need for their careers, finances can often “take the back seat” and decisions can...
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