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
Bundle of joy, bundle of benefits: Why adding your newborn to your health insurance is a must
Tuesday, 10 December 2024
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,
- Published in Articles, Walshs Blog
Holiday hosting made easy: Tips to keep holiday rental income stress-free!
Friday, 06 December 2024
As the holiday season approaches, many homeowners may consider renting out their homes or a part of them to earn extra income, particularly in areas with high tourist traffic. Platforms like Airbnb or Stayz make it easy to list your property or part of your property and connect with travellers. However, before you enter the
- Published in Walshs Blog
Navigating the financial twists and turns of a medical career
Tuesday, 26 November 2024
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
- Published in Walshs Blog
Festive finances: Making FBT work for your business events
Monday, 25 November 2024
When running a business, creating a positive and engaging environment for your employees is key to success. Whether you’re throwing a Christmas party, organising a recreation day, or hosting a seminar, these events can boost morale and strengthen your team. However, it’s essential to understand how Fringe Benefits Tax (FBT) applies to these activities. Understanding
- Published in Uncategorized
