How do you keep your finances on track when a medical career demands so much of your focus and time? The journey of a medical professional is unique, marked by long hours, intensive (and expensive!) study and unexpected relocations and other fun twists. Financial management is a critical part of sustaining this journey, yet it’s
Are you ready to make your dream of owning a home a reality? Well, buckle up because we’re about to dive into the nitty-gritty of ensuring a smooth home loan approval process. And guess what? For self-employed applicants, it all starts with keeping your taxes up to date! Here at Walshs, we specialise in home
Mental health challenges can be debilitating, affecting every aspect of life, including the ability to work and maintain financial stability. For medical professionals, whose roles are often high-pressure and demanding, these challenges can be particularly acute. This is where the importance of mental health insurance claims comes into play, providing a crucial safety net during
If you’re a doctor running a private practice, you know that your income isn’t always as predictable as a traditional salary. While your profession is viewed as financially secure, the way your income is structured can influence your mortgage options. Luckily, there are mortgages for doctors specifically designed to address the unique financial setup of
The medical field in Australia offers a wide variety of specialties, each with its own unique path, responsibilities, and rewards. For doctors, the journey from intern to consultant is long, but it can lead to a fulfilling and lucrative career. Understanding the earning potential at different stages is crucial for those deciding on a specialty
In today’s world, where data breaches are increasingly common, businesses of all sizes are at risk of cyber-attacks. Business data is particularly valuable, making it a prime target for cybercriminals. Therefore, it’s essential for businesses to understand and implement effective cyber security strategies to protect this sensitive information. This guide will walk you through key
Are you thinking about switching to solar energy but unsure how it works, how many panels you need, or what the costs might be? Look no further! Walshs is excited to bring you our latest ‘Beyond Finance Q&A’ video, where our Managing Director, Simon Farmer, sits down with Patrick from Enphase Energy and Matt from
Accounting for doctors involves unique financial challenges that, if not managed correctly, can result in costly mistakes. Whether it’s tax inefficiencies or missing out on key deductions, avoiding these pitfalls can make a real difference to your financial success. Below are some of the most common mistakes that we have seen doctors make, along with
The Australian Taxation Office (ATO) recently updated its property valuation criteria, bringing significant changes to how property valuations are conducted and reported for Self Managed Superannuation Fund (SMSF)s. These changes are crucial for SMSF Members and Trustees to understand. Overview of the changes The ATO’s updated property valuation criteria aim to provide clearer guidelines and
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,
