One of the most frequently asked questions our financial advisers hear is: “Should I repay my HELP debt (Higher Education Loan Program) early?” This question has gained more relevance recently, particularly due to the significant 7.10% increase in HELP debt indexation during the 2022/2023 financial year. Fortunately, the Federal Government has proposed changes that aim
Superannuation is one of the largest investments you will ever make, so it’s crucial to understand your options and choose wisely. This guide will provide you further information regarding selecting your investments. Understanding Superannuation Investment Options Most superannuation funds offer a variety of investment options, typically ranging from conservative to growth-oriented. Each option comes with
Discovering that your Tax File Number (TFN) has been compromised can be a stressful and confusing experience. At Walshs, we are here to help you navigate the situation and protect your financial and personal information. How do I know if my TFN has been compromised and what should I do? You may begin receiving unsolicited
When it comes to financing your new home or investment property, finding the right specialist home loan for doctors is essential to meet the unique demands of your profession. Offset accounts in doctor home loans can make a world of difference, especially during training years when financial flexibility is vital. By balancing interest savings and
As a leading medical financial planning firm, of course we advocate for appropriate billing structures, but of course we know and respect the unwritten rule of not charging colleagues. However, this unwritten rule is quite traditional and we are seeing it being challenged in a modern practice. It’s not for everyone, especially in the face
Welcoming a newborn into your family is an exciting time, filled with joy, anticipation, and, of course, some necessary paperwork. One of the most important steps new parents can take is adding their newborn to their private health insurance policy. Not only does this ensure that your baby is covered for any unexpected medical expenses,
In the fast-paced world of healthcare, managing a medical practice efficiently is no small feat. Between patient care, administrative tasks, and regulatory compliance, the financial side of your practice often requires expert attention. This is where outsourcing medical accounting services can make a significant difference, transforming how you run your practice. The Complexities of Medical
Whether you’re running a medical practice or working as a healthcare professional, the unique financial challenges you face can be significantly eased with the help of a specialised medical accounting firm. In this blog, we address some frequently asked questions about medical accounting, and how specialised support can help you better manage your finances and
As a doctor or other medical professional looking to purchase a home, you may qualify for specialised home loans designed specifically for doctors. These unique financial products cater to the distinct needs and circumstances of healthcare professionals like yourself. We specialise in assisting doctors to secure these loans, which can offer a range of enticing
Working with an experienced team of specialist medical accountants can make all the difference when trying to deal with the complicated financial landscape of your medical practice. Utilising the skills of a team of specialist medical accountants to manage financial tasks such as tax returns, regulatory compliance and cash flow monitoring, enables you to concentrate
