As a doctor, you have invested a lot of time and money in your education and training, and you want to make sure that your hard-earned income is well-managed. Real estate investing is one avenue that many doctors are increasingly turning to in order to grow their wealth and create passive income. But why should
As leading accountants for healthcare professionals our decades of experience mean we deeply understand the high demands on your time and finances. Our goal is to ensure that you have the financial support and guidance you need to succeed, and we provide specialised accounting and financial adviser services tailored to meet the unique needs of
Retirement planning is essential to ensuring you have the necessary resources to enjoy your life after you finish working. However, we understand that, sometimes, knowing how best to plan for your retirement can be confusing and overwhelming. Working with a financial adviser, like our financial planning team based in Brisbane, can help take some of
When it comes to financial planning, it’s important to find the right partner who will help you achieve your goals. Walshs’ team of financial planners in Brisbane work with individuals across Australia. We have grown our knowledge and processes across more than 30 years of working with individuals just like you. Our team follows several
As a dentist, you’re in a unique position when it comes to securing a home loan. Banks and other lenders view dentists as low-risk borrowers, which means you can often qualify for more favourable loan terms than other professionals. Whether you’re looking to purchase your first home or upgrade to a larger one, or even
When it comes to medical accounting, medical practices have unique concerns and needs. Here, we detail five ways to help keep your practice’s accounts healthy. First, hire a bookkeeper to help keep your medical accounting on track. Second, regularly review your internal accounts procedures. Third, invest in good medical accounting software. Fourth, use accounting data
Wealth management for doctors can be a challenge. You have so much on your plate, that your own financial management may well be the last thing on your mind. It can be easy to let things like your personal finances fall by the wayside when you’re busy looking after patients, but it’s important to remember
Doctors claiming car expenses, meals and incidentals related to working locum shifts need to take care to avoid penalties, following a recent decision by the Administrative Appeal Tribunal (AAT). In the case, a Melbourne-based doctor who regularly undertook locum medical assignments at various hospitals in Victoria and New South Wales, while also working as a
Two recent court decisions have highlighted potential payroll tax risks for medical practices that operate under a shared services model. In New South Wales and Victoria, doctors and optometrists practising as independent sole traders have been deemed employees, allowing the relevant state bodies to issue backdated payroll tax assessments for up to five years and
So, you have completed your training, you are now a consultant and have done a fellowship… what next? If you’re like most medical professionals, chances are you’ve thought about taking the next step in your career by transitioning into private practice. But how do you know when the time is right, and what are the
