For those of you unfamiliar with vet practice financials, you may be forgiven for thinking that if you’ve seen one, you’ve seen them all. That they all follow a similar structure or template, and that the practice’s income and expenses will always be labelled somewhat consistently from practice to practice. […]
ATO announces $2k cap on self-education expenses
An Australian Government announcement that tax-deductions for work related self-education expenses will be limited to $2000 per person per year penalises well intentioned vets, according to the Australian Veterinary Association. The cap, which comes into effect on 1 July 2014, is designed to yield savings to help fund the Government’s […]