Welcome to the You Legal blog, our archive of important announcements + updates, interesting news, special promotions, and more.
Putting your practice into liquidation if you receive an unexpected tax bill is not a decision to be taken lightly. Running a medical practice in Australia can be a rewarding experience, both personally and financially, if you get the balance right. As with any business, there are financial risks and challenges that must be managed. One of those that has come into focus since the Thomas and Naaz decision,
Read MoreAs a medical practice owner or practice manager, you may be wondering whether the restraints in your employment agreements are enforceable or if they are simply just words on a page.
It’s a great thing to be wondering about…
The answer is, as I often say… it depends. Why? Well, I’m glad you asked.
Read MoreIn late 2021, a New South Wales Civil and Administrative Tribunal (NSWCAT) decision saw a GP practice lose their legal battle over a large payroll tax bill, confirming that practices can be liable for payroll tax with regards to payments made to doctors who are engaged as independent contractors. Ever since the original decision by NSWCAT, the medical practice community
Read MoreAre you a medical practice in Queensland who has not been paying payroll tax on your payments to contracted GPs? If so, you may be eligible to apply for the recently announced Queensland Payroll Tax Amnesty. Following the December 2022 QRO ruling, the Queensland Government announced a payroll tax amnesty would be applicable to medical centres making payments to General Practitioners (GPs).
Read MoreIt’s not uncommon to read about the difference between independent contractors and employees, however less so about which arrangement is the better choice (for an individual and for a practice). In this article, we explain why you (as a practice) may want to hire a doctor as an employee and why (as an individual doctor) you may want to become an employee as opposed to an independent contractor.
Read MoreIn late December 2022, the Queensland Revenue Office issued a public ruling regarding relevant contracts under the Payroll Tax Act 1971 (Qld) (‘the Act’), specifically regarding medical centers. This broad ruling has increased the likelihood that a practice’s arrangements will be taken to be a ‘relevant contract’ and subject to payroll tax
Read MoreThe Practice Incentives Program (PIP) is a government initiative aimed at supporting and improving the delivery of primary health care services in Australia. The program provides financial incentives to eligible health care providers, such as general practitioners, practice nurses, and Aboriginal and Torres Strait Islander health workers,
When it comes to selling a business, there are many factors to consider and negotiations to be had. One important document that can help streamline the process is a term sheet. Term sheets are an essential part of the process of buying or selling a business. They outline the terms and conditions of a proposed deal and serve as a starting point for negotiations.
Read MoreThe Optus and Medibank data breaches have got every business owner hyper aware of cybersecurity threats in all industries. Given the nature of the healthcare, cybersecurity poses unique fears and challenges for medical practice owners. The vast quantities of sensitive information in healthcare and potentially devastating effects that cyber-attacks can have on patient privacy makes the healthcare sector especially vulnerable
Read More
