Building wealth, one dollar at a time: The power of ‘dollar cost averaging’
Friday, 28 April 2023
Dollar cost averaging (DCA) is a popular investment strategy amongst financial planners and investors alike that involves buying a fixed dollar amount of a particular investment at regular intervals over a period of time. The goal of this approach is to reduce the impact of short-term market fluctuations on your investment portfolio. DCA is a
- Published in Walshs Blog
How can you ensure success in your business journey?
Thursday, 13 April 2023
Ensuring business success requires careful planning, strategic thinking, and effective execution. Here are some key tips that can help you increase your chances of success: Top tips: Develop a clear business plan: A comprehensive business plan outlines your goals, target market, marketing strategy, financial projections, and other key aspects of your business. Understand your market:
- Published in Walshs Blog
Doctors investing in real estate – what you should consider
Friday, 24 March 2023
As a doctor, you have invested a lot of time and money in your education and training, and you want to make sure that your hard-earned income is well-managed. Real estate investing is one avenue that many doctors are increasingly turning to in order to grow their wealth and create passive income. But why should
- Published in Walshs Blog
Unlocking your home’s hidden equity
Tuesday, 21 March 2023
From home renos to humble new abodes, unlocking equity opens the door to a wealth of opportunities. If you’re a homeowner, continue reading to learn more about equity – and how you can access it to supercharge your financial status. The lowdown on equity According to Walshs mortgage broker Karen Holmes, equity is the difference
- Published in Walshs Blog
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
