Netting off income and expenses that can result in incorrect GST claims. Incorrect tax treatment of superannuation contributions paid or due to be paid, resulting in the wrong tax relief being applied. Allocating profits incorrectly, particularly regarding personal services income. This can affect the balances due to or from partners. Miscalculating superannuation contributions where there is a mix of self-employment and employment. Including income to which PAYG withholding has been applied in the accounts, resulting in the income being taxed twice. To find out more about how a specialist medical accountant could help those in the healthcare industry with accounting and taxes, contact the expert team at TAS-Australia.