If you’re a Doctor, specialist or other medical professional, it pays to learn what you can claim at tax time To claim a deduction for work related...
Doctor, specialist or other medical professional
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WHY YOU SHOULD NOT ASSESS RISK YOURSELF
The importance of diversifying your portfolio is constantly reiterated, but how do you determine how to diversify? Portfolios should have low-risk...
Introduction to Discretionary Trust
A discretionary trust is also known as a family trust. This is significant because the beneficiaries are all, or predominantly, members of the same family. The name ‘discretionary trust’ is derived from the role performed by the trustee.
RISKS AND BENEFITS OF CREATING A JOINT ACCOUNT
Joint accounts can make it easier to manage shared expenses, but sharing access to your money can be risky.BENEFITS A shared account will make it...
Buying or selling a medical practice – how do you calculate the value?
Buying a medical practice is often the best investment a doctor makes, providing the potential to generate higher income than what would otherwise be generated as a non-owner.
Business Costs Assistance Program
The Victorian Government has announced a package to support eligible small businesses, including sole traders, in highly impacted sectors impacted...
CHRISTMAS – EMPLOYEE GIFTS AND PARTIES
As the silly season is upon us once again it is probably appropriate to provide some reminders as to the tax consequences of making gifts to and holding Christmas parties for your employees.
JOBKEEPER 2.1
The Government’s JobKeeper Payment will help keep more Australians in jobs and support businesses affected by the significant economic impact of the...
Vic Business Support Fund Expanded
The Victorian Government has announced that Stage 3 ‘Stay at Home’ restrictions will be in reinstated across metropolitan Melbourne and Mitchell...
Jobkeeper Business Participants
Following its release of step-by-step instructions for business owners looking to apply for JobKeeper Payment, the Tax Office has now published...