Personal services income advice
Let’s be honest, tax is boring. Unfortunately, it is also complex, and a maze to work through.
An area of tax law that is most relevant to health practitioners are the personal services income provisions of the Income Tax Assessment Act 1997 (Cth).
Whether it is the ability for practitioners to claim certain tax deductions to enabling practitioners to operate through trust or company structures, the personal services income rules are often misunderstood.
We can assist in providing you with advice relating to the application of the personal services income rules to your circumstances. In doing so, we focus in ensuring you understand the fundamentals on how the rules operate as well as explaining the misconceptions.