Key Lodgement Dates for your Business
Tuesday, 25 October 2022
Balancing the books is a crucial part of running a successful business and an important part of this is ensuring you meet ATO deadlines for compliance lodgements. The Australian Taxation Office (ATO) provides ‘Key Dates’ for all of the compliance lodgements. However, these deadlines can easily be overlooked by busy business owners which can create
- Published in Walshs Blog
Wealth Management for Doctors – our top 5 tips
Friday, 21 October 2022
Wealth management for doctors can be a challenge. You have so much on your plate, that your own financial management may well be the last thing on your mind. It can be easy to let things like your personal finances fall by the wayside when you’re busy looking after patients, but it’s important to remember
- Published in Walshs Blog
Changes to Queensland Land Tax Shelved!
Thursday, 13 October 2022
Further to our article published a few weeks ago, ‘Queensland Land Tax Changes – Are you Affected?’, there has been some recent developments in this area. During the recent Prime Ministers National Cabinet Meeting in Canberra, it is reported that the Premier learned that the other states were not going to provide assistance as
- Published in Walshs Blog
Being Prepared to Move into Private Practice
Friday, 30 September 2022
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
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Establishing rooms? Do it well, and you’ll be primed for success!
Tuesday, 27 September 2022
Are you considering establishing your own private practice? There are a number of general and professional factors to cover to ensure you get it right. Julian Muldoon, Director and Founding Partner of 1Group Property Advisory provides us with some key considerations to think about when it comes to this big decision. There’s an incredibly important
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Queensland Land Tax Changes – Are you Affected?
Wednesday, 14 September 2022
From 30 June 2023, the way Queensland Land Tax is calculated will change. What is changing, what is not changing, and who will this affect? For answers to these questions and more – read on. What is land tax? Land tax is a state tax and currently calculated on the freehold land you owned
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Undertaking Property Development Projects
Monday, 05 September 2022
It is becoming increasingly popular for clients to buy property, subdivide and/or rebuild and then on-sell the property. The tax implications that result from these transactions can vary depending on the type of project undertaken, so careful consideration needs to be given to the factors that indicate the intention of the transaction/s. There are three
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Due Diligence – Buying into a Medical Practice
Monday, 01 August 2022
Buying into a Medical Practice partly or wholly can be a very daunting task which is generally capital intensive, but when performed correctly it can create a great investment vehicle which will continue to provide community health for future generations. The purpose of completing a due diligence is to confirm the facts provided by the
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Superannuation Update Winter 2022
Tuesday, 26 July 2022
July 2022 saw a number of changes to the superannuation rules and many will have a positive outcome for members of superannuation funds. The changes were announced and legislated by the Morrison government so it’s important to note that the new government will be delivering its first Budget in October 2022. The superannuation tax concessions could be
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Starting Out in Medical Practice Ownership
Tuesday, 28 June 2022
If you are considering taking the plunge into the world of medical practice ownership, knowing where to start can be the biggest challenge. Whether you are looking to buy in, take over or start a medical practice from scratch, Walshs specialises in the medical accounting and financial planning space and can help you make sense
- Published in Walshs Blog
Taxation of Electricity for Electric Vehicles
Tuesday, 21 June 2022
With fuel prices on the rise, along with a global environmental awareness, the electric vehicle market in Australia has seen an exponential growth. For small business owners where business vehicles are a common asset with sizable deductions, it is important to know the differences between what can be claimed for a motor vehicle (MV) and
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Salary Packaging
Tuesday, 07 June 2022
Salary Packaging provides you with a method of using pre-tax funds to pay for certain items with an eligible employer. If you work for a public benevolent organisation, you may be eligible for this benefit (e.g. Public Health, Research Institutes, etc.) What are the benefits Instead of your income being taxed, coming to you, and
- Published in Walshs Blog
