QLD’s new Stamp Duty rules: Rent a room, save more – but watch the tax!
Thursday, 27 February 2025
New Rules Give First Home Buyers in Queensland More Flexibility Previously, first home buyers in Queensland who received the First Home Buyer Stamp Duty Concession or the First Home Owner Grant were restricted from renting out any part of their property for the first 12 months without risking repayment of some or all of the
- Published in Articles, Walshs Blog
How Home Loans for Dentists Can Help You Build Wealth Through Property
Wednesday, 26 February 2025
Building wealth through property is a smart move for dental professionals, and specialty home loans for dentists offer an ideal opportunity to get started early. By securing a property at the beginning of your career, you can build equity that not only provides a place to call home but also lays a robust foundation for
- Published in Business, Walshs Blog
Who Gets Your Super When You’re Gone? Understanding Superannuation Death Benefits
Tuesday, 25 February 2025
Superannuation death benefits provide financial support to your family once you pass away. These benefits include the balance of your super account, including any life insurance held within your superannuation fund. Unlike other assets, superannuation death benefits may not form part of your estate unless directed by a binding death benefit nomination. Who Can Receive Superannuation Death
- Published in Articles, Walshs Blog
Stay ahead of tax lodgment deadlines: Avoid ATO penalties
Friday, 21 February 2025
As we move through 2025, the Australian Taxation Office (ATO) is tightening its approach to late tax lodgments. With stricter enforcement and an increased focus on compliance, it’s more important than ever to meet your tax obligations on time. At Walshs, we understand that tax deadlines can sometimes slip through the cracks, especially for busy
- Published in Articles, Walshs Blog
Avoid a costly 15% tax hit: Why you need an ATO Clearance Certificate when selling property
Tuesday, 11 February 2025
What is a Clearance certificate? A clearance certificate is issued by the Australia Tax Office (ATO) to confirm that a seller is an Australian resident for tax purposes. When selling Australian real estate, it’s essential you provide this certificate to the buyer before settlement. Without this certificate, the purchaser is required by law to withhold
- Published in Articles, Business, Walshs Blog
How Effective Accounting for Doctors Can Reduce Burnout
Thursday, 06 February 2025
Burnout is a real challenge for doctors. Long hours, patient demands, and admin overload can take a toll. But there’s one area that often gets overlooked—financial management. Effective accounting for doctors can relieve stress, save time, and even help prevent burnout. With the right support, you can focus on your patients while your finances are
- Published in Articles, Walshs Blog
Rental property tax under the microscope – Don’t get caught out!
Tuesday, 04 February 2025
As an investment property owner, keeping up with your tax obligations can feel overwhelming — especially with recent changes to the ATO’s property management data-matching protocol. The ATO is now receiving more detailed information about your rental property, including rental income and expenses. With data coming from software providers, banks, rental bond authorities, and even
- Published in Articles, Walshs Blog
Should You Pay Off Your HELP Debt Early?
Tuesday, 21 January 2025
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
- Published in Articles, Walshs Blog
Maximise Your Super: A Guide to Smart Investment Choices
Tuesday, 14 January 2025
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
- Published in Articles, Walshs Blog
What happens if my tax file number (TFN) is compromised?
Tuesday, 17 December 2024
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
- Published in Articles, Walshs Blog
Understanding Offset Accounts in Home Loans for Doctors
Monday, 16 December 2024
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
- Published in Articles, Business, Walshs Blog
Breaking tradition: How to have conversations about ‘Out-of-Pocket’ fees with colleagues
Thursday, 12 December 2024
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
- Published in Articles, Walshs Blog
