From williambuck.com: Since 2023, Australian states have released varying rulings on payroll tax for medical practices, stemming from the Payroll Tax Harmonisation Agreement when identical guidelines were established.… read more
From www.klgates.com: Health practices in Australia are increasingly focusing on payroll tax compliance due to varying state legislation and potential amnesties.
Notable developments include a 12-month pause on payroll tax audits for general practices in New South Wales and recent exemptions for payments to contracted GPs in Queensland.… read more
From www.taxinstitute.com.au: Julie Abdalla, Head of Tax & Legal at The Tax Institute, presented evidence at the NSW Legislative Council inquiry concerning the contractor and employment agent provisions of the Payroll Tax Act 2007, highlighting complexities and uncertainties introduced by evolving work arrangements.… read more
From pointonpartners.com.au: Grouping provisions under the Payroll Tax Act 2007 aim to aggregate multiple entities for payroll tax liability, commonly affecting businesses that employ shared employees, regardless of their independence.… read more
From avant.org.au: Recent changes in Victoria’s Payroll Tax Act now exempt general practice medical businesses from payroll tax liability for bulk billed or fully funded items, easing the financial burden on these practices.… read more
From bdo.com.au: Navigating annual payroll tax compliance entails understanding the increasing data matching between regulators, the importance of accurate reporting, and the risks of non-compliance.… read more
From www.accountantsdaily.com.au: The Royal Australian College of General Practitioners advocates for the introduction of a payroll tax exemption for GPs in Queensland, noting its importance for enhancing access to healthcare amidst rising living costs.… read more
From www.redlandcitybulletin.com.au: The Queensland government has abolished a proposed payroll tax on general practitioners, which was positioned to make doctor visits more expensive and hinder bulk billing, fulfilling a key election promise.… read more
From www.bartier.com.au: New South Wales medical centres can now access a payroll tax exemption and rebate for wages paid to GPs engaged as independent contractors, following the introduction of amendments to the Payroll Tax Act 2007.… read more
From youlegal.com.au: Many medical practices are now facing payroll tax obligations when previously they were uncommon, leading to challenges in financial viability.
Three key payroll tax exemptions may apply to medical practices: a 90-day exemption, a public service exemption, and an exemption for multi-person contracts.… read more