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The following payroll tax cases in Victoria and New South Wales are sparking considerable interest in medical and other health practices and the impact and serious payroll tax ramifications the decisions could have on clinics: The Optical Superstore Pty Ltd as Trustee for OS Management S Trust & Ors v Commissioner of State Revenue [2020] HCASL 16 Thomas and Naaz Pty Ltd v Chief Commission of State Revenue [2021] NSWCATAD… Read More »Is your medical practice compliant?

Several legislative changes proposed in the May 2021 Federal Budget have finally been passed and will come into effect from 1 July 2022. Staying up to date will ensure you maximise the benefits Superannuation can provide as part of your overall wealth management strategy. There are benefits for first home buyers intending to use their superannuation as a savings vehicle for their house deposit, and greater opportunities to contribute for… Read More »Spotlight on Upcoming Superannuation Changes

What is a Director Identification Number (Director ID)? The Director Identification Number is a 15 digit unique identifier that will help prevent the use of false or fraudulent director identities with the new registry services of the Australian Business Registry Services (ABRS). This will make it easier to trace Director’s relationships with companies, identify and eliminate their involvement in illegal activities such as illegal phoenix activity. All Directors will be required… Read More »Director Identification Requirements (Director ID)

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