Welcome to the You Legal blog, our archive of important announcements + updates, interesting news, special promotions, and more.
We have worked with a trusted accountant for medical practices, Matthew Holden from Brentnalls and together provide this update to give further background and clarification regarding the issues at hand for the case of Thomas and Naaz Pty Ltd v Chief Commissioner of State Revenue [2021] NSWCATAD 259 and what those issues mean for your Practice.
Read MoreWhen most traditional businesses are considering bringing someone new into their practice, a lot of the focus is channelled towards what will reap the most benefit, and minimise the most risk. One important element to consider is whether to engage a contractor or hire an employee.
Read MoreAs an accountant, financial planner or lawyer, you are often one of the first professionals a medical practice owner gets in touch with when they are looking to set up a practice. It is often the case that a practice owner finds themselves caught up in the busyness of setting up a practice and while they are focused on getting the facilities and staffing organised, they might be in a situation where they give little thought to signing a lease or sublease with a pathology company.
Read MoreDo you run a medical practice and are you considering bringing on board another partner? There can be some great benefits in expanding your practice such as lightening your personal workload, offering more services to your patients or growing your revenue. Bringing in a partner can also be a huge investment from both a financial and professional perspective.
Read MoreWe are often asked about what it is that we do and the ways we help medical practices to grow and run more efficiently. For this reason, we thought it would be a good idea to share the ways in which we have helped our clients set up, grow and expand their medical practices over the last 7 years.
Read MoreThe COVID-19 vaccination – it’s all anyone has been talking about recently, whether it be on online, on the radio, in the newspaper, or in daily conversations at your workplace, or even at your family dinner table. Rightly so! It’s a conversation that needs to be had, especially with so many people in Australia currently in lockdown.
Read MoreOn 4 August 2020, the long-awaited High Court’s decision in WorkPac v Rossato made it very clear that words of a contract are paramount when it comes to determining employment status and provided a lot of certainty for employers about what it actually means to employ a casual worker.
Read MorePractice’s employees and patients’ wellbeing are always the centre focus to maintain a healthy reputation. This is also met with increasing demand to minimise running costs while running your business like clockwork. These are just some of the factors that need to be considered when running a successful practice. One employment arrangement that can assist with these factors is an Individual Flexibility Arrangement (IFA).
Read MoreYou can’t always predict what will go wrong, but what you can know for certain is that being adequately protected against professional risks can take away a layer of stress, in what would be an already stressful time. From assets to reputation, there is undoubtedly a lot at stake, even for the simplest of mistakes. Being under-insured is just simply not worth the risk.
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