February 2nd, 2012
Medical professionals who derive any portion of income via the public system have the opportunity to save tax by salary packaging various items that would otherwise not be deductible for personal tax purposes. For many this would include mortgage payments, utility bills, entertainment expenses etc. This works well for both the employer and employee as […]
Continue readingFebruary 2nd, 2012
Being a medical professional you will always pay your fair share of income tax for the wider community. Ever ask yourself ‘when will the tax office do something for me?’ Well the following is a series of concessions for Small Business that may be available for your medical practice. To be eligible for these concessions […]
Continue readingFebruary 2nd, 2012
It would not be a surprise to anyone that the accounting in your medical practice at the bottom of priorities. The paperwork, the management of cash, your debtor and creditor list create a compliance program that does distract you from what you are trained to do, practicing medicine. However the power of accurate, timely accounting […]
Continue readingFebruary 2nd, 2012
In preparation for the end of the financial year 30th June 2011 there are some things you can do for your medical practice that will help with the compliance work required. By implementing an effective tax strategy, you can minimise you income tax obligations. The following is a list of items relevant to your medical […]
Continue readingFebruary 2nd, 2012
Doctors are repeatedly told of the benefits of superannuation. That they should maximise their super contributions and build wealth via this attractive tax environment. MEDIQ agree with these sentiments, and where-ever possible our clients are encouraged to follow the steps below.
Continue readingDecember 22nd, 2011
Its July already and the compliance is underway. Here is are some simple pointers on what you can do to make your tax season more bearable, you might even find an extra tax deduction or two. June 2010 Business Activity Statement (BAS) The lodgement of the June 2011 BAS requires not only the collection of […]
Continue readingDecember 22nd, 2011
Most people generally dislike insurance, whether it is the thought of paying for something you hope to never use, or the classic ‘it will never happen to me’ mindset, we all have an instinctive reaction to the concept. Add to this the reality that we have all probably had a scenario where we assumed our insurance covered us for a given event only to find that the small print has delivered the insurer a ‘get out of jail free card’.
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