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Archive for category: Allied Health
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Online Accommodation Rentals To Be Targeted By ATO
Australia has seen a huge surge in property owners renting their house or rooms out via the likes of the hugely popular Airbnb app. As a result, the ATO are now going to gain access to data match these online platforms.
... read moreBusiness - What's Changing on 1 July 2018?
Here are the key changes coming up for business on 1 July 2018 including: single touch payroll, $20k instant asset write-off, GST on low value goods, GST on property developments and residential subdivisions and R&D changes.
... read moreIndividuals - What's Changing on 1 July 2018?
These are the main changes ahead for individuals from July 1 2018 including: personal tax bracket changes, introduction of the low and middle income tax offset, GST on property developments and residential subdivisions.
... read moreWithholding GST as at 1 July 2018
As of 1 July 2018 there is another change to how new residential property sales are treated. Purchasers will now need to withhold GST from the purchase price on behalf of the vendor, and remit it to the ATO.
... read moreTax Deductions In Danger
A recent Parliamentary Inquiry into Tax Deductions created some fairly sensational headlines about what and how deductions are being claimed – $22 billion worth to be exact.
... read moreSubdividing Your Backyard
There are many different strategies with different outcomes, depending on whether you’re planning to sell the part with the house, or the vacant land, or build and move in, build and rent out or build and sell straight away. All these are options to consider and each has its own tax issues!
... read moreStructuring for Partners with Disproportionate Ownership
Disproportionate ownership of business’s is not uncommon, and the correct structuring for your business is critical in ensuring maximum tax benefits, flexibility for distributions, income tax and capital gains, not to mention long term asset protection for all the Partners involved.
... read more5 reasons you should get a business valuation BEFORE buying
Buying into an allied health practice is a huge investment for your future with considerable personal risk for yourself. Given the size of the investment and risk a business valuation is highly recommended for many reasons, including these I have listed below:
... read more