The ATO has announced it will collect data on lifestyle assets from insurance providers for the 2023-24 to 2025-26 financial years’. This data collection will focus on insurance policies for assets that meet or exceed the specified minimum value thresholds. Asset class and minimum value thresholds: Caravans and Motorhomes: $65,000 Motor Vehicles (including cars, trucks,
Walshs are thrilled to announce the winner of the 2024 $10,000 Walshs Medical Bursary is Dr Nicholas Croker. Nicholas Croker recently completed orthopaedic training in Queensland. Whilst on training he became involved in establishing the Queensland Orthopaedic Registrar Research Collaborative (QORRC). The underlying motivation behind this venture was to create a platform for widespread engagement
Economic Outlook The economic outlook was once again presented by the Chief Economist for KPMG Australia – Dr Brendan Rynne. In 2023, he was one of the 20% of Australian economists that believed there would be no recession in the technical terms (two consecutive quarters of negative growth in real GDP), but he advised that
Becoming a homeowner is a significant milestone that often begins with a myriad of questions, uncertainties, and excitement. For first home buyers, understanding the intricacies of the property market and navigating the mortgage landscape can be a daunting task. That’s where a mortgage broker becomes an invaluable ally, guiding prospective buyers through the complex process
Salary Packaging is a remuneration arrangement that allows employees to receive a Fringe Tax Benefit by reducing their taxable income. There are significant financial advantages provided to employees who fall into the category of eligible participants, a group which includes many medical professionals. BUT navigating this process can be complex and certainly when moving between
Structuring your home loan to get the best possible tax outcomes as a doctor is vital, considering the huge amounts you send to the tax man every year. At Walshs, we are specialists in not only securing market-leading home loans for doctors but in supporting your future wealth health. As such, we’ve created this handy
Self-Managed Superannuation Funds (SMSFs) have become a popular investment vehicle in Australia, offering individuals greater control over their retirement savings. One intriguing avenue for SMSF investment is purchasing medical rooms. Not only does this provide a stable income stream, but it also allows healthcare professionals to secure their own practice premises. In this blog, we
If you’re a student doctor, chances are your first home buy won’t be your last. As one of Australia’s leading medical mortgage specialists, we know your first house isn’t likely to be your “forever home” – in reality it’ll probably be the first in a string of real estate cash cows. And wealth health, my
As 30 June 2021 fast approaches it is important to ensure the tax planning and compliance issues relating to your self-managed superannuation fund are in order. Set out below are a few matters to consider and take action on where necessary. Contributions The maximum contribution levels for 2020-21 for concessional and non-concessional contributions are: Concessional
The announcement of the Federal Budget delivered on Tuesday night may have left you considering what the main outcomes and implications are to you and your business. The team at Walshs have put together a summary of the key considerations and take-aways from Tuesday’s Federal Budget announcement for you below. As always, we are here
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