Individuals & Couples
Failing to properly understand and meet state and federal taxes has been the downfall of many a healthcare professional, don't get caught off-guard by a tax liability or unintended tax consequence ever again. PracMD's experts are all registered tax agents with years of experience preparing and advising on state and federal taxes.
Our personal tax services include:
- Individual & couple income tax planning and advice
- Income tax return preparation and lodgement
- Investment property tax advice
- Share, dividend & trading income tax advice
- Tax advice on salary packaging
- Cryptocurrency & financial asset trading tax advice
- Capital gains tax (CGT) advice including main residence exemption
- ABN & contractor taxation and advice
- IAS & PAYGI preparation & advice
- Tax residency advice
- Stamp duty advice
Businesses & Trusts
Navigating the taxation system for medical and dental businesses is particularly challenging due to the special treatment needed for GST-Free medical services. Furthermore, the complex business structures needed given the range of staff (medical, nursing, administration) can be minefield for inexperienced tax agents. PracMD's knowledge and experience in the health care industry means that you will never be at a disadvantage again.
Our businesses & trusts tax services include:
- Business structuring advice including business registration
- Income tax planning, budgeting, and advice
- Income tax return preparation and lodgement
- Small business restructuring and concessions advice
- Capital gains taxation concessions and exemptions advice
- BAS preparation and lodgement
- Payroll, FBT, superannuation and PAYG withholding
- GST tax advice
- Stamp duty advice
- Payroll tax advice
- Luxury car tax
- ATO negotiations
Self Managed Superannuation Funds
Self managed superannuation funds are a common investment structure that allows for finer control of your superannuation, but this control comes with a wide range of responsibilities under the Superannuation Industry (Supervision) Act 1993 (Cth) as well as under income tax legislation. PracMD can help you meet these responsibilities by:
- Bookkeeping for SMSF transactions
- Preparing annual financial statements
- Preparing and lodging the annual income tax return
- Liaising with the SMSF auditor regarding your SMSF's accounts
- Liaising with your financial planner to effect their advice
