With recent changes to how locum roles are structured, including a shift toward casual employment arrangements, it’s more important than ever to understand when and why you might need an ABN – that is, an Australian Business Number.
The Bongiorno Group’s Matt Homewood and Ricky Caldow discuss the implications for tax, superannuation, GST, and business activity statements, as well as the pros and cons of working as a contractor versus an employee. Whether you’re planning a career in private practice or simply weighing up your locum options, it’s important to understand your options to make informed decisions about your professional and financial future.
The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group, the preferred tax and accounting partner for the Australian Medical Association Victoria.
For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product Disclosure Statement before deciding to acquire the product.
See omnystudio.com/listener for privacy information.
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