Starting your own practice means you go beyond being a doctor to becoming a small business owner. From the moment you make the decision to become a practice owner you have many important decisions that need to be made that can vary from the choice of entity to planning cash flow.
The Treasury Laws Amendment (Income Tax Consolidation Integrity) Bill 2018 containing the long awaited amendments received Royal Assent on 28 March 2018. The bill contained a number of changes impacting the tax cost setting amount of a subsidiary member’s assets joining a tax consolidated group.
Creating a positive work environment is essential to ensuring your employees are happy and engaged in their work. A key step in creating such an environment lies in your firm’s culture. A firm’s culture is made up of its values and beliefs, underlying assumptions, attitudes and behaviours.
The Privacy Amendment Act 2017 for, Notifiable Data Breaches, have been put in place as of 22 February 2018, which will see organisations with a turnover of $3 million or more will fall within the scope of the new Privacy Act measures requiring mandatory notification of cyber security breaches.