Electric Cars and FBT Exemption
Tuesday, 14 March 2023
New legislation allows exemptions from paying Fringe benefits tax (FBT) on private use of electric vehicles which meet certain conditions. This article will help you make an informed decision on your next vehicle purchase, exploring the pros and cons and providing any necessary information. What is accepted…and the conditions: The first barrier to the exemption,
- Published in Walshs Blog
Single Touch Payroll Phase 2 – what you need to know
Tuesday, 07 March 2023
If you are an employer, then you will no doubt be aware of Single Touch Payroll (STP) and your obligations to be compliant to the STP2 changes that all employers must complete before 31st March 2023. The Government announced in the 2019-20 Budget, that Single Touch Payroll (STP) would be expanded to include additional information.
- Published in Walshs Blog
Do you study or work at home? Note these changes to rates and record keeping
Friday, 24 February 2023
The Australian Taxation Office (ATO) has recently revised the fixed rate method for claiming working from home deductions. Previously, the fixed rate was 52 cents per hour and covered only running expenses for home office use. However, the new rate has been increased to 67 cents per hour and now includes additional expenses such as
- Published in Walshs Blog
Unpacking economic conditions affecting Queensland real estate trends
Friday, 24 February 2023
An economic outlook was presented by the Chief Economist for KPMG Australia – Dr Brendan Rynne at The Urban Developer’s ‘Queensland Property & Economic Outlook’ event recently. He is in the 20% of Australian economists that believes there will be no recession in the technical terms (two consecutive quarters of negative growth in real GDP),
- Published in Walshs Blog
Home Deposit 0-20% – What options do you have?
Monday, 20 February 2023
HAVE YOUR AVO AND EAT IT TOO! Saving for a house deposit is the ultimate fun sponge, with many Australians sacrificing years of smashed avo to scrimp and save that hefty 20% deposit. But as a doctor, did you know Walshs has exclusive arrangements with banks to offer speciality deals for medical professionals, including 5%
- Published in Walshs Blog
Accountants for healthcare professionals
Wednesday, 08 February 2023
As leading accountants for healthcare professionals our decades of experience mean we deeply understand the high demands on your time and finances. Our goal is to ensure that you have the financial support and guidance you need to succeed, and we provide specialised accounting and financial adviser services tailored to meet the unique needs of
- Published in Walshs Blog
I am newly self-employed, should I make super contributions?
Tuesday, 31 January 2023
As a newly self-employed doctor, there are a significant number of considerations that need to be worked through, for example; registering for GST, managing practice obligations, managing tax liabilities and finding new patients. Often, growing wealth at this time can be difficult or become a low priority. When moving into private practice, you become self-employed
- Published in Walshs Blog
Turbocharge your borrowing power
Wednesday, 25 January 2023
Before you go knocking on the bank’s door for a million-dollar mortgage, it’s a wise idea to spend a few months boosting your borrowing power. That’s the word from Walshs Mortgage Broker Grace Lee, who says it’s possible to magnify your borrowing power – or the amount a lender will hand over – based on
- Published in Walshs Blog
QLD payroll tax ruling for medical centres
Wednesday, 18 January 2023
The Ruling On the 22nd of December, the QLD Office of State Revenue (QRO) issued a Public Ruling (Payroll Tax Ruling PTAQ000.6.1), which specifically deals with the application of payroll tax to medical centres. A link to this ruling can be found here. The intent of the ruling was to provide further guidance on the
- Published in Walshs Blog
Retirement planning: How a financial adviser can help
Monday, 16 January 2023
Retirement planning is essential to ensuring you have the necessary resources to enjoy your life after you finish working. However, we understand that, sometimes, knowing how best to plan for your retirement can be confusing and overwhelming. Working with a financial adviser, like our financial planning team based in Brisbane, can help take some of
- Published in Walshs Blog
Are you overdue for an insurance review?
Thursday, 12 January 2023
Insurance might not always be front of mind, but it’s important to review your policies regularly to make sure you’ve got the right cover. Whatever your mix of cover — life, total and permanent disability, income protection and trauma — insurance can be an important part of protecting yourself and your family, now and into
- Published in Walshs Blog
What you need to know about refinancing
Tuesday, 10 January 2023
Are you a stickler for a certain supermarket, or do you like to shop around for the best buys? Whether you’re an Aldi aficionado or a Coles crusader, sometimes it pays to scour the specials – and the same principle applies to your home loan. With interest rates and policies fluctuating between banks, it might
- Published in Walshs Blog
