What Doctors Can and Can’t Claim at Tax Time
About this episode
The episode discusses what doctors can claim at tax time, focusing on legitimate deductions and record-keeping practices.
Tax time is just around the corner – and so it’s worth understanding ahead of time what you can legitimately claim. And, no, it’s not about maximising deductions at all costs. It’s about being able to clearly justify every expense and ensuring it directly relates to earning your income. The Bongiorno Group’s Director Nick Fennessy and Tax Manager Chantelle Turner unpack the deductions employees and self-employed practitioners commonly misunderstand. They explain the myriad of rules around car travel, conferences, self-education, home office expenses, uniforms, laptops, donations, super contributions and insurance, while highlighting the areas the ATO is increasingly scrutinising. They also examine the differences between employee and sole trader deductions, including instant asset write-offs, business expenses and service fees. They answer common real-world questions that regularly catch taxpayers out and explain why accurate record keeping has never been more important. The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group, the preferred tax and accounting partner for the…
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Bongiorno Group
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