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BUSINESS PREMISES WITH FIT OUT AVAILABLE

BUSINESS PREMISES WITH FIT OUT AVAILABLE

REDEFINE AESTHETICS - 355-357 Bridge Road, Richmond, Victoria. The clinic consists of: 12 rooms + Reception area 2x Bathrooms 1x Kitchen 1x Laundry 1 x Meeting room 6 x Procedure rooms 1 x Iv Lounge/ Meeting room ASSET LIST Please contact us for an asset list. DETAILS...

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Are You Providing Fringe Benefits?

Are You Providing Fringe Benefits?

Are your employees entitled to perks like a car space, gym membership, or even a company car as part of their employment contracts? These offerings fall under the category of fringe benefits—alternative forms of payment to employees, distinct from salary or wages....

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PROPOSED NEW STAGE 3 TAX CUTS

PROPOSED NEW STAGE 3 TAX CUTS

Addressing the pressing need for cost-of-living relief among Australians remains the Government's foremost priority, with tax cuts being a pivotal measure to alleviate financial pressure. The proposed tax cuts scheduled for 2024-25 are poised to make a substantial...

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What’s Claimable On A Work Trip?

What’s Claimable On A Work Trip?

In the dynamic world of employment, there are often perks that come our way, like the opportunity to embark on work-related journeys. Whether it's a welder heading to a marina for essential boat repairs or any other duty-driven travel, you've potentially shouldered...

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The Difference Between LAFHA & A Travel Allowance

The Difference Between LAFHA & A Travel Allowance

Embarking on work-related travels can impose various demands on employees, encompassing financial, physical, and emotional aspects. In response to these challenges, compensation methods have evolved, giving rise to both travel allowances and the living away from home...

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BUSINESS PREMISES WITH FIT OUT AVAILABLE

BUSINESS PREMISES WITH FIT OUT AVAILABLE

REDEFINE AESTHETICS - 355-357 Bridge Road, Richmond, Victoria. The clinic consists of: 12 rooms + Reception area 2x Bathrooms 1x Kitchen 1x Laundry 1 x Meeting room 6 x Procedure rooms 1 x Iv Lounge/ Meeting room ASSET LIST Please contact us for an asset list. DETAILS...

read more
Are You Providing Fringe Benefits?

Are You Providing Fringe Benefits?

Are your employees entitled to perks like a car space, gym membership, or even a company car as part of their employment contracts? These offerings fall under the category of fringe benefits—alternative forms of payment to employees, distinct from salary or wages....

read more
PROPOSED NEW STAGE 3 TAX CUTS

PROPOSED NEW STAGE 3 TAX CUTS

Addressing the pressing need for cost-of-living relief among Australians remains the Government's foremost priority, with tax cuts being a pivotal measure to alleviate financial pressure. The proposed tax cuts scheduled for 2024-25 are poised to make a substantial...

read more
What’s Claimable On A Work Trip?

What’s Claimable On A Work Trip?

In the dynamic world of employment, there are often perks that come our way, like the opportunity to embark on work-related journeys. Whether it's a welder heading to a marina for essential boat repairs or any other duty-driven travel, you've potentially shouldered...

read more
The Difference Between LAFHA & A Travel Allowance

The Difference Between LAFHA & A Travel Allowance

Embarking on work-related travels can impose various demands on employees, encompassing financial, physical, and emotional aspects. In response to these challenges, compensation methods have evolved, giving rise to both travel allowances and the living away from home...

read more
Guide to Preparing a Medical Practice Business Plan

Guide to Preparing a Medical Practice Business Plan

This Guide to Preparing a Medical Practice Business Plan has been developed to assist both doctors and practice managers understand the potential of their practices. It contains numerous practical tips and advice and identifies the main issues connected to planning and successfully running the practice. It has been identified as an area where practice managers and doctors alike have a keen interest, and a lot of important information is contained in the guide.

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Buying an Established Medical Practice

Buying an Established Medical Practice

Buying a practice should be the best investment for a GP. A mark of a good practice is a demonstrable ability to produce an above average return for its owners. Prospective buyers will be prepared to pay a premium over the value of the practice’s tangible assets to receive that above average rate of return.

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Tax Planning for GP’s

Tax Planning for GP’s

Tax planning should be an on-going process whereby commercial issues and developments are constantly monitored and the implications of income and other tax practices considered.
Tax planning is a legitimate activity and occurs constantly throughout a GP’s career. For example, we encourage GPs to pay large super contributions every year, at all stages of their career. The primary purpose is to ensure a financially secure retirement, but like most strategies there are secondary purposes too. In this case the protection of assets (super is protected in bankruptcy) and reducing tax are common secondary purposes.

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What Is a Discretionary Trust? [Video]

What Is a Discretionary Trust? [Video]

Using a discretionary trust enables income to be distributed to companies and trusts associated with family members. A discretionary trust enables income with different tax characteristics to be streamed to family members individually. The structure can also be applied to non-family beneficiaries.

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