Navigating salary packaging changes for Queensland medical staff
Thursday, 30 November 2023
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
- Published in Uncategorized
Here is why working with Walshs is a great decision
Tuesday, 28 November 2023
We are delighted to share the news that the Walshs team has experienced great success throughout the year, securing #60 in the Australian Financial Review Top 100 Accounting Firms and as finalists within several categories at the Australian Accounting Awards 2023 and the IFA Excellence Awards 2023. These awards recognise outstanding contributions within the financial
- Published in Walshs Blog
Cost of living boost!
Monday, 27 November 2023
The Queensland government has recently implemented a significant boost to its First Home Owner Grant, branding it as a “cost of living boost” for aspiring homeowners. This initiative sees a substantial increase in the grant from $15,000 to $30,000, a move anticipated to benefit approximately 12,000 first-time home buyers before the offer expires in June
- Published in Walshs Blog
Build to Rent – What’s the Big Deal?
Thursday, 09 November 2023
By now you would have heard about the asset class Build to Rent (BTR), which is a relative newcomer to the Queensland market. What does it entail, what are the benefits, and, of course what are some of the current tax considerations relevant for developers. What is it and what are the benefits? In Australia,
- Published in Walshs Blog
Why the home loan with the cheapest rate might not be the best loan for you
Tuesday, 24 October 2023
When it comes to securing a home loan, many prospective homeowners are understandably drawn to the idea of finding the cheapest interest rate possible. After all, who wouldn’t want to pay less in interest over the life of their loan? However, it’s essential to recognise that the cheapest home loan rate might not always be
- Published in Walshs Blog
The pros and cons of long and short term investment property rental arrangements
Tuesday, 26 September 2023
Investing in property as an asset class is an excellent method to create meaningful long-term wealth through leveraged returns and passive income. There are generally two types of investment property rental options, short-term or long-term rental agreements. Each have their own pros and cons which we’ve outlined below. Long-term rental investments Long-term rental investments involve leasing
- Published in Walshs Blog
Preparing for a move into private practice
Friday, 15 September 2023
If you’re considering a move into private practice, the process can certainly be a daunting prospect. There are many decisions to make, including the navigation of any financial pitfalls and long term planning to ensure financial success. Whether it’s starting with the right business structure, finding funding to establish your rooms, or protecting your growing
- Published in Walshs Blog
Starting a Private Practice: How our team can guide your journey to success
Wednesday, 30 August 2023
Starting a private practice can be both exhilarating and daunting. As a medical professional, the decision to establish your own practice is a significant step in your career. However, the administrative and financial aspects of setting up and managing a private practice can be overwhelming. This is where our Medical Practice team, experts in accounting
- Published in Walshs Blog
Small Business Immediate Asset Write-Off Changes for the 2023-2024 Financial Year
Tuesday, 29 August 2023
Key changes for FY2023-24 The instant asset write-off incentive is a tax-saving initiative introduced by the Australian Government, which allows eligible businesses to deduct the full cost of certain assets in the year they are purchased, rather than claiming the cost over a number of years. The Government has announced that it will reduce the
- Published in Walshs Blog
Crunching the numbers on home loan repayments – a tip from the top!
Tuesday, 15 August 2023
Despite this month’s rate respite, borrowers are feeling the pain. Walshs Finance’s Donna Sutherland outlines one simple way to get ahead. August 2023 is the first month that borrowers will feel the full impact of 12 cash rate rises since May last year because lenders can take a few months to pass on the full
- Published in Walshs Blog
Three steps to follow to help maximise tax benefits when buying property
Friday, 28 July 2023
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
- Published in Uncategorized, Walshs Blog
Thinking of buying your rooms? What you need to know about purchasing medical rooms via SMSF
Friday, 14 July 2023
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
- Published in Uncategorized, Walshs Blog
