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Australian Tax Ava works as a doctor in a hospital in Sydney earning annual income $400,000. She obtains advice from Tina that she can set

Australian Tax

Ava works as a doctor in a hospital in Sydney earning annual income $400,000. She obtains advice from Tina that she can set up a company and pay tax at a flat rate of 30%. In the beginning of the current income tax year she took Tinas advice and set up DDW Pty Ltd that received taxable income $400,000 from her service at the Sydney hospital.

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First explain Part IVA and then apply Part IVA to analyse the tax implications for the above scenario.

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