Every year at Walshs Practice, we see the same “small but surprisingly complex” questions pop up in meetings with our medico clients. These questions might seem minor, but the answers can make a real difference to your refund and tax position. Below are ten of the most common (but uncommon!) tax questions we are asked
Significant changes have been announced to the Government’s proposed Division 296 tax on superannuation earnings, which will particularly affect individuals with super balances above $3 million. For many Australians who have built significant retirement savings—particularly through self-managed superannuation funds (SMSFs)—understanding these changes is essential. On 13 October 2024, Treasurer Jim Chalmers announced key adjustments aimed
How to reduce $14,500 in tax payments As a registrar, you’re likely earning around $150,000 annually – a significant milestone in your career. But with that income comes a hefty tax bill. If you’re not proactive, you could be handing over more than $40,000 to the ATO each year. This article explores how you can legally
From 1 October 2025, Australia’s First Home Guarantee Scheme will undergo its most significant overhaul yet and for the normal Australian first home buyer, this presents both a massive opportunity to get into the property market. While the changes appear promising on paper, they’re expected to unleash a wave of new demand, especially from high-income earners.
If you’ve been thinking about buying your first home, there’s some big news making headlines. From 1 October, the Federal Government is rolling out major updates to the First Home Buyer Guarantee Scheme. The important thing to note is that medical professionals can already access these kinds of benefits through Walshs, with additional benefits!
A home loan for doctors can look very different from a standard mortgage. Buying a home is a milestone that many people aspire to, but for doctors the path can be unique. Between long training years, irregular income during rotations, and the high costs of setting up or buying into a practice, saving a full
Establishing your own medical practice is one of the most exciting and rewarding moves you can make in your career. Whether you’re looking to buy into an existing practice, start fresh, or take over a clinic, this decision brings clinical freedom, greater financial opportunity – and complexity. At Walshs, we’ve guided hundreds of doctors through
Walshs has strengthened ties with the Australian Orthopaedic Association (AOA) Queensland Branch as a Regional Alliance Partner. This collaboration reflects our shared commitment to supporting Queensland’s orthopaedic surgeons, trainees, and medical researchers by providing access to specialist financial advice, education, and resources tailored to the needs of medical professionals. For over 30 years, Walshs has
Gone are the days of setting a tax strategy at the start of the financial year and forgetting about it. In today’s ever-changing economic and legislative landscape, tax planning has become an essential part of managing your personal and business finances. To stay ahead, you need to be flexible, informed, and prepared to pivot your
Accounting for doctors in 2025 has evolved far beyond tax-time basics. As cloud-based systems, automation, predictive analytics and secure integrations become the norm, doctors now have access to accounting that is faster, smarter, and more tailored to their career. But with these advancements also comes a shift in expectations — today’s medical professionals need more
