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227 tax time Q&A with an accountant

Dev Raga Personal Finance

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Can Private Health Care Workers Rout the Income Through a Company?

Private health care workers are particularly doctors and also allied health professionals, who who are on private bildings. Do they have to be a sole trader, or can they rout the income through a company for tax efficiency and reduction purposes? Let me giveyou an example. Can devraga me create a company called devraga proprietary limited, and ask the clinic to pay the portion of billings which belongs to me, to this company? And that way i only pay company tax rates. Because if i'm a soul trader with an a b n, i would need to pay top marginal tax,. Is that possible? And i'm actually physically having to go to this practice and physically consult

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