Australia
Why data-driven decision making is critical for business success

By Chris Leahy on 11/01/23 - Mins to read: 3 minutes

In today’s fast-paced business environment, success hinges on your ability to make informed decisions quickly, and efficiently. Businesses that rely on ‘gut instinct’ or outdated information risk making costly mistakes, while those that leverage accurate and timely data can adapt, grow and gain a competitive edge. But what does it...
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How do I invest the proceeds after selling my practice?

By Andrew Barlow on 11/01/23 - Mins to read: 3 minutes

When owning a medical practice, it is important to always have an exit strategy in mind, even if you have no short-term plans to exit. This can include considerations such as the timing of your exit, potential successors and the estimated value of your practice. However, one crucial yet often...
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Income splitting the facts vs the fiction

By Julie O'Reilly on 11/01/23 - Mins to read: 3 minutes

As a medical professional, the income you earn is deemed as Personal Services Income or 'PSI'. PSI is defined as income derived by an individual as the result of their personal work or exertion. The individual may carry out these services as a sole trader or sometimes through a trust,...
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Landmark ruling on Division 7A and unpaid trust distributions

By Ian Snook on 11/01/23 - Mins to read: 3 minutes

On 19 February 2025, the Full Federal Court delivered a significant judgment confirming the Administrative Appeals Tribunal’s decision that a distribution from a trust to a company which remains unpaid (referred to as an ‘Unpaid Present Entitlement’ or ‘UPE’) does not constitute a ‘loan’ under Division 7A of the Income...
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