The number of residential aged care providers making a profit has decreased by 12 percentage points to just over half, the seventh Aged Care Financing Authority report shows.
The ATO has published information on the application of the Goods and Services Tax to the provision of home care services.
Healthcare workers are claiming a major win following the Coalition Government’s decision to ditch Labor’s controversial cap on tax-deductible self-education expenses and changes to the Fringe Benefits Tax.
Aged care providers have written to the federal government to oppose recent changes to the fringe benefits tax arrangements for car leasing, claiming the new rules are ill considered and will reduce the attractiveness of the sector to skilled staff.
Pressure is mounting on the Rudd government to scrap the controversial $2000 cap on tax deductions for self-education expenses, as professional groups including nurses, doctors, dentists and pharmacists join forces to fight the tax cap.
A draft ruling from the ATO outlines tax increases for retirement village developers.
The Government has promised to do no “harm” to charities following the release of the Henry Review.