The ATO targets high-value assets: What you need to know about the new data-matching program
Friday, 06 September 2024
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,
- Published in Walshs Blog
How Outsourcing Medical Accounting Services Can Be a Game Changer for Your Medical Practice
Wednesday, 21 August 2024
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
- Published in Articles, Walshs Blog
Safeguarding patient data: Essential cyber security strategies for medical professionals
Tuesday, 06 August 2024
In an era where data breaches are becoming increasingly common, the healthcare sector remains one of the most vulnerable industries to cyber-attacks. The sensitive nature of patient data makes it a lucrative target for cybercriminals. It is crucial for medical professionals to understand and implement robust cyber security strategies to protect this sensitive information. This
- Published in Walshs Blog
Stamp Duty Changes: A Guide for First Home Buyers
Tuesday, 16 July 2024
Embarking on the journey to purchase your first home is both exciting and daunting. One of the significant costs to consider is stamp duty, a state-based tax imposed on the purchase of residential property. Fortunately, many state governments in Australia have introduced incentives to help first home buyers reduce or even waive this tax, making
- Published in Walshs Blog
Should I make a claim and what to do: A guide for medical professionals
Thursday, 27 June 2024
As a medical professional, you understand the importance of being prepared for unexpected events. Whether you’re a seasoned practitioner or just starting your career, having the right insurance coverage is crucial for safeguarding your practice and personal assets. In this blog post, we’ll guide you through the claims process, offering insights and tips to help
- Published in Walshs Blog
The winner of the 2024 $10,000 Walshs Medical Bursary is Dr Nicholas Croker!
Tuesday, 25 June 2024
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
- Published in Walshs Blog
Medical Accounting – your FAQs answered
Tuesday, 18 June 2024
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
- Published in Articles, Business, Walshs Blog
Key Budget takeaways for individuals, business and superannuation
Tuesday, 21 May 2024
The 2024-25 Federal Budget, unveiled on Tuesday, May 14, 2024, brings notable changes impacting individuals, businesses, and superannuation. Among the highlights are the eagerly anticipated Stage 3 Tax Cuts, reducing tax rates and raising income thresholds for higher tax brackets starting July 1, 2024. For businesses, the Instant Asset Write-Off is extended, providing small businesses
- Published in Walshs Blog
A quick guide to depreciating assets
Monday, 20 May 2024
Accountants play an important role in assisting business owners with navigating complex processes. One such aspect demanding careful attention pertains to claiming deductions for depreciating assets. Let’s delve into the strategic timing for claiming deductions, the various types of depreciating assets, and the significance of maintaining precise records to optimise tax benefits. Strategic timing
- Published in Walshs Blog
Home Loans for Doctors – your FAQs answered
Saturday, 04 May 2024
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
- Published in Articles, Business, Walshs Blog
A tax planning meeting is important and here’s why…
Wednesday, 24 April 2024
The days of deciding on a tax strategy at the start of the financial year and then forgetting about it are gone, tax planning is an important part of managing your finances and requires careful consideration and strategic decision-making. As a tax payer you must be flexible, aware and ready to pivot at the right
- Published in Walshs Blog
Are you a junior doctor thinking about buying your first home?
Friday, 05 April 2024
Navigating the path to homeownership can be particularly challenging for junior doctors, whose income is often spread thin across training fees, relocation costs, and exam fees, leaving little room for saving cash for your first home or an investment property. But with property still being one of the biggest growth asset classes in Australia Walshs
- Published in Walshs Blog
