Many individual’s setup trust arrangements to run their business affairs or hold investments. The benefits created can be significant in terms of asset protection, succession planning and favourable tax outcomes. However, there have been significant changes to the Trust Taxation Laws over the past few years resulting in many existing deeds requiring an amendment to […]
Why you need to review your trust deeds Read More »
Are you considering setting up a charity? We love to see medical professionals explore the possibility of engaging in an enterprise for the ultimate goal of helping others in a charitable way. What many people don’t realise however, is that to be considered a charity at law, involves more than just an objective to be
What you need to know about setting up a charity Read More »
Child care subsidy changes – From 1 July 2018, the Child Care Rebate (currently limited to $7,613 a year for each child) and Child Care Benefit are to be abolished and will be replaced with a single payment, the Child Care Subsidy. The Child Care Subsidy will be paid directly to service provider. Some basic
Child Care Subsidy Changes Read More »
The move into your own private practice can be daunting. Not just because of the onus to source your own work, employ staff or pay a myriad of bills on time, but keeping track of income and expenses can also be difficult. If you’re thinking about setting up your private practice soon and believe using
Aiding record keeping with private practice management software Read More »
Australia is a popular destination with expat medical practitioners chasing the sun, sea and a lifestyle change. Getting their head around the Australian tax system can be a daunting task for new migrants, especially those who are only here for a short period. Here are some of the things to be aware of when you’re
Temporary residents in Australia: tax issues you need to know Read More »
