As a medical contractor, your responsibilities include paying installment tax, filing your BAS paperwork, covering your own insurances, invoicing and all of the tedious tasks involved in following up your payments, getting everything ready for your accountant and making sure everything is in order if you have an ATO audit. Don’t underestimate the unbillable hours it takes to make sure all of this is done correctly too.
Medical Contractor Management Company makes it easy –
Medical Contractor completes work
Engages Management Company to collect fees from Private Practice, Hospital or Locum Agency
Private Practice, Hospital or Locum Agency make payment to Management Company
Medical Contractor becomes an Employee and is eligible for Salary Packaging
Employer disperses payments
-
- Super Fund
- Payment to Employee
- Salary packaging
- PAYG Tax
- Work Cover
- No more Tax Installment payments
- No more invoicing
- No more chasing funds
- No more BAS
- Instead you will receive your super paid for you
- You will have your payg tax paid for you
- You will be covered by work cover
Do you work as a sole trader medical contractor some or all of the time?
As medical contractors you’re very time poor, but adopting a medical contractor management solution will helps you put more of your income back in your own pocket so you can invest more time in yourself – and that is such a powerful opportunity.
One of the many key benefits of operating via medical contractor management solution is extra salary packaging options for those who already have it through their PAYG hospital employment, and the ability to capitalise on it if you don’t.
You can all enjoy extra salary packaging benefits for more money in your pocket.
Does an extra $15K sound nice? Imagine the holiday, or the dent in your mortgage or investing in your well being that this type of extra money will bring – and you’re not having to do the extra hours to earn it.
