The latest articles from Ecovis Offices Around the Globe
Starting your own practice is a big commitment and the process can leave you feeling overwhelmed and confused, but it doesn’t need to be such a daunting project. We have gathered a team of experts to help you uncover your practice ownership goals and help you set the necessary direction to achieve them.
We will provide you with a course of action to ensure the set-up and running of a successful business, which will include:
DATE: Friday, 21 July 2017
LOCATION: BOQ Specialist, Level 22 Chifley Tower, 2 Chifley Square, Sydney NSW 2000
TIME: 8:30am – 5:30pm
COST: $150 (includes parking at Chifley Tower, tools, resources, refreshments and catering)
CONTACT: Tahnee Renshaw, BOQ Specialist
TEL: 02 9293 6833 E: email@example.com
RSVP: By Wednesday, 12 July 2017 at boqspecialist.com.au/roadmap
Please join us to hear from industry experts who will give you the information you need to confidently start the journey to practice ownership.
Heath Stewart, director of ECOVIS Clark Jacobs;
Luke Truscott, finance specialist at BOQ Specialist;
Caroline Ucherek, owner of CJU Medical Marketing;
Mike Watson, owner of dda (Design Doctors Australia);
Russell Lee, owner of Health Business Network;
Dean Crozier, Chief Operating Officer for Health Project Services;
Robin King, Special Counsel – Commercial, of Macpherson Kelley Lawyers;
Sue Barnes, Special Counsel – Workplace Relations, of Macpherson Kelley Lawyers:
Rob Khamas, CEO of REND Tech Associates; and
Mark Sacks, principal adviser of Experien Insurance Services
Strictly limited to 45 seats. Book today.
In this issue:
The end of the financial year is coming!
Single Touch Payroll starts 1 July 2017
Illegal phoenix activity – protect yourself and your business
2017-18 Federal Budget small business measures
Recently, there have been some questions from practice owners following the important decision by the New South Wales Civil and Administrative Appeals Tribunal, in the case of Winday International Pty Ltd v Chief Commissioner of State Revenue  NSWCATAD 270, to impose payroll tax on Winday’s service agreements with its practitioners. Winday is in the business of providing radiology facilities to radiologists. The Tribunal’s decision referred to a number of elements not usually present in service or facility arrangements in the broader healthcare space. However, the decision highlights the need for practice owners to carefully consider the contractual arrangements between themselves and their associate practitioners, and also that the revenue authorities are prepared to look beyond legal documentation to the substance of a particular arrangement.
In this issue:
Housing affordability measures
Tax integrity measures
Other tax changes
The run up to 30 June always triggers a variety of queries from our clients, often linked back to optimising taxation deductions in a legal way prior to the end of the financial year. This being the May issue of the News Bulletin, it is worth re-visiting some of the key opportunities to increase deductions prior to the end of the financial year.
The 2016 Budget provided for a broadening of the eligibility for small business capital deductions and immediate write offs. This enabled businesses with a turnover of less than $10 million to now claim an immediate write off for all capital expenditure on items with a value up to $20,000 (excluding GST). Prior to the 2016 budget this eligibility was restricted to businesses with turnovers of less than $2 million. This has been an important concession as many group practices (multiple dentists working together) have turnovers greater than this. This $20,000 write off ceases at 30 June 2017.
PRESS RELEASE, Munich, May 4th, 2017 – not only in South Korea, where particulate matter and smog pollute the air they breathe. Ever since “dieselgate”, electric cars have been hailed as the new saviour of our environment. Ecovis, a consultancy firm focussing particularly on the interests of SMEs, turned to its international partner offices for answers to the question of what financial incentives to purchase e-cars or plug-in hybrids exist in their respective countries.
In this issue:
Superannuation reform changes – what you need to know
New tools to check your superannuation fund entitlements
Working holiday makers
Deductions – current matters
…and much more
If you are thinking about setting up your own dental, medical or veterinary practice, our upcoming workshop will take you through every step of the process.
We have gathered a team of experts who will provide you with a course of action to ensure the set-up and running of a successful business, including:
• Research and planning
• Property purchase/leasing
• Design and fitout due diligence
• Financing options
• Branding and marketing
• Legal considerations – commercial and human resources
• Accounting best practices
• IT infrastructure
• Day-to-day operations
• Growing your business
Note: This event is exclusively for dental, medical and veterinary specialists.
Fri. 12 May 2017
9:00am – 5:30pm
Sheraton on the Park, Beaumont Room Level 1
161 Elizabeth Street, SYDNEY, New South Wales 2000
Click HERE to register