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Running a paediatric practice in Australia involves more than just caring for young patients; it also entails significant financial and tax responsibilities. For paediatricians in private practice or working as contractors, having a strategic tax structure can make a significant difference to your long-term financial outcomes. One of the most powerful tools at your disposal? A well-structured family trust. Let's explore how paediatricians can leverage family trusts and other

Choosing the right business structure is one of the most important financial decisions a doctor can make. It’s not just about tax, it determines your liability, asset protection, succession planning, and long-term wealth outcomes.

It’s one of the biggest misconceptions among influencers: “If I didn’t get paid in cash, I don’t need to declare it.” Wrong. Whether you’re receiving skincare bundles, clothing, tech gadgets, or event tickets, if it’s in exchange for content, it’s considered taxable income . The ATO is clear: barter and non-cash payments are assessable income , and yes, they want their share. What Counts as a Taxable Sponsored Gift? You must declare the market value  of any goods or services

Being a doctor in Australia means long hours, ongoing education, and the responsibility of patient care. But one thing often overlooked is tax planning. With high incomes and complex work arrangements, many doctors miss out on deductions that could save thousands every year.

Doctors across Australia face an ever-changing landscape when it comes to billing. Whether you bulk bill, privately bill, or use a mixed billing model, the way you record and report income can make the difference between smooth sailing and an ATO audit.