Medical Allied Health

In news announced recently, the current Queensland Labor Government has announced it will match the Liberals commitment to scrap the proposed legislation that was due to commence 1 July 2025, after the current amnesty ends.

For my Insights advisory article dedicated to the Healthcare sector, I wanted to speak specifically about the challenges many medical and allied health practices currently face.

Starting your own practice can be a rewarding but complex endeavour that involves careful planning and execution. It allows you to have greater control over your career and patients, however, it can become overwhelming when trying to understand all the legal and financial considerations. Below we set out some key steps when starting your own medical practice.

For my Insights advisory article dedicated to the Healthcare sector, I wanted to speak specifically to the challenges many medical and allied health practices currently face.

The medical industry has a large number of high-income earners and this attracts the attention of the ATO, especially where income splitting is concerned. The characteristic of income in this industry is largely for the personal services of practitioners/specialists whose income generally fall into higher individual marginal tax brackets.

For medical practitioners, interpreting the appropriate tax obligations attached to seeing patients can often be confusing. This can be especially true surrounding the application of Goods and Services Tax, where certain patient scenarios can require the need to charge GST.

Following on-going review and commentary since 2021 regarding the liability of medical practices to pay Payroll Tax in New South Wales, the Queensland Revenue Office (QRO) has now released a new Public Ruling determining interpretation for QLD clinics.