Revenue NSW has introduced the Bulk Billing Support Initiative to support medical centres and contractor General Practitioners (GPs), offering key payroll tax relief and rebate eligibility. Launched on 4 September 2024, this initiative provides critical financial assistance for medical centres making payments to contractor GPs.
Key Takeaways for Medical Centres:
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Payroll Tax Relief & Rebate Eligibility
Medical centres may now access payroll tax relief when paying contractor GPs. This reduces their financial burden and ensures smoother operations. -
Eligibility Guide
Revenue NSW has outlined specific suburbs and localities within Metropolitan Sydney that qualify for the Bulk Billing Support Initiative. A flowchart is available to simplify the process of determining eligibility. -
Detailed Guidance
Revenue NSW has published the Commissioner’s Practice Note CPN 036 for those seeking more comprehensive information, which provides a step-by-step guide to the process.
How Our Financial Services Can Help
Understanding the nuances of tax obligations is crucial for medical centres looking to optimize their finances. Our team specializes in helping businesses like yours navigate payroll tax complexities, ensuring compliance while maximizing financial benefits. Whether it's eligibility assessment or tax planning, we're here to help you make the most of available initiatives.
Need advice? Contact us today at 02 8318 1545 or book our live calendar to discuss how we can help your medical centre benefit from the latest tax relief measures.
