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How a comprehensive review could solve payroll tax headache


Paul Copeland


13/12/2022 3:38:51 PM

SPONSORED: GPs can reduce their risk of being liable for payroll tax by seeking real, practical advice from an experienced advisor.

GPs receiving tax advice.
Payroll tax complexities and the fear of being audited are creating stress for already under pressure GPs.

Over the past few months, we’ve shared a series of articles on payroll tax complexities, highlighting key considerations for practice owners, GPs and contractors.
 
We also took part in a national webinar to inform GPs on the risks and issues they currently face with payroll tax.
 
The webinar covers foundational information about payroll tax, analysis of relevant cases and key lessons, as well as how practices are selected for audit. Through a series of case studies, we were able to explore some of general practice’s most pressing questions.
 
I recommend that every GP watch the webinar as it answers many important questions practitioners may have on this issue.
 
Recent high-profile payroll tax cases, particularly that of Thomas and Naaz, have caused considerable angst within general practice and our main message is to ‘be alert, but not alarmed’.
 
However, this does not mean that you should not take action to address risks within your practice. Now is the time to be proactive to ensure that your practice is as compliant as possible with regards to your processes and payroll tax.
 
William Buck offers a comprehensive review of your practice that addresses where you may have risks for payroll tax.
 
Upon completion of the review, we provide a detailed report of our findings and recommendations for improvements. The idea behind this is to give you a road map on what issues to address and importantly to provide peace of mind and confidence.
 
William Buck is recognised as a leading national accounting and advisory firm to the health industry. We work with more than 1600 healthcare clients in all areas of practice and through over 30 years of working in the sector, we’ve established a deep understanding of its challenges, opportunities and nuances.
 
What we’ve identified post-pandemic is that there continues to be considerable pressure on GPs, with one of the leading challenges forecast for the next three years being GP and practice burnout.
 
Payroll tax complexities and the fear of an audit and/or liability for unpaid payroll tax obligations are adding to this stress and causing more work for doctors and practices that are already stretched.
 
We can work with you to give you peace of mind.
 
Contact us now to arrange a whole of practice review that will ensure you’re complying with payroll tax legislation and limit your exposure in the event of an audit.
 
Don’t bury your head in the sand. Act now.
 
Contact William Buck at iamwithracgp@williambuck.com, or through this QR code:
qr-code-24.pngYou can reduce your risk of being liable for payroll tax under relevant state government legislation by seeking real, practical advice from an experienced advisor that specialises in the medical industry.
 
The information in this article is general in nature and does not take into account your personal situation. Members with concerns are encouraged to seek their own professional, independent advice.
 
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