by Davie Mach | Nov 30, 2022 | Accounting, Accounting, BAS, Tax Returns & Financial Statements, Contractor Handbook, Small Business Handbook, Tax Planning, Tax Planning
Medical professionals constantly juggle their day-to-day practice with the business side of things. But let’s face it, as a doctor, you’ve got your hands full with patient care, so management and financial planning tends to take a backseat. While a...
by Davie Mach | Aug 17, 2022 | Tax Planning
From reinvesting in the business to offering dividends, companies have several choices, including the Div 7A loan, for managing their profits. It can also use it to pay down debt, or, among other things, reinvest in new technology and equipment. But in most...
by Davie Mach | Apr 12, 2022 | Self Managed Superannuation Funds, Small Business Handbook, Tax Planning
As a business owner, you have a lot of responsibilities. Not only do you need to worry about tax obligations and payroll, but you also have to stay on top of financial reporting. Although it can be a lot to keep track of, it’s important to make sure that your business...
by Sean Yee | Jan 24, 2022 | Small Business Handbook, Tax Planning
Running a business is not always easy. One of the most important aspects for businesses, especially those who are just starting out, is to ensure they are compliant with company tax laws in the Australian tax system. There’s no point in working hard to build...
by Sean Yee | Jan 24, 2022 | Small Business Handbook, Tax Planning
It’s not uncommon for business owners to experience losses in their business operations. From a tax perspective, however, this isn’t always a bad thing. The good news is that there are several ways Australian business owners can minimise tax and still keep their...
by Davie Mach | Aug 26, 2021 | BAS, Tax Returns & Financial Statements, BAS, Tax Returns & Financial Statements, Contractor Handbook, Small Business Handbook, Tax Planning, Tax Planning
Doctors are among the highest-earning professionals in Australia. And the higher the income, the higher the marginal tax rate. But did you know that as a medical professional, you’re eligible for a pretty long list of deductions? Unfortunately, however, many doctors...
