Dissecting Tax Deduction Concerns with Medical Accounting Experts

“Conversely, there are expenses that may be work-related but cannot be claimed, such as daily accommodation and meals, work-to-home travels, and debt repayment through HECS-HELP or other loan schemes. Some expenses, especially tools or assets like desks and computers may be subject to value depreciation or reduction, which can be computed by expert medical accountants for tax deductions, as well.

Calculating tax deductions from your business expenses can be rather complex. Declared income, offsets against personal health insurance, superannuation, and other issues, also play into doctors’ comprehensive audits. How these factor into annual financial planning for doctors can be analyzed and simplified by consulting with chartered accountants and financial planning advisers, such as MEDIQ. With medical accounting as its specialty, MEDIQ offers doctors a range of financial services, including accounting and tax planning solutions, to help protect their clients’ business and make life le


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s