Medical specialists and private practice doctors who charge a gap for their services are being blamed by some for the downturn in Australians seeking basic medical care. But as a medical professional with a business to run, you’ve got increasing expenses to cover.
The Medicare payment freeze was introduced as part of a savings scheme by the government in 2013. This plan has had many vocal opponents since it’s inception. How does it affect doctors like you? And what can you do about it?
Adelaide Accountant Kym Nitschke untangles the facts about the difference between the Medicare levy and the Medicare surcharge.
Ever wondered about why the Medicare levy is a part of your annual taxes? How can you lower the amount you must pay? Is it possible that you are exempt from paying this levy? Adelaide accountant Kym Nitschke breaks down the process and explains how you may qualify for a reduction.