For doctors and medical professionals, your ability to work is one of your most valuable financial assets. Years of training, specialist expertise and future earning potential mean that protecting your income and financial position can be an important part of your broader financial strategy. At Walshs, we work with medical professionals throughout their careers to
Australia’s doctors, dentists and allied health professionals spend their careers caring for others. But the latest PPS Mutual State of Health & Wellbeing in the Medical Profession Report shows that many medical professionals are facing increasing pressures of their own. The report, conducted by Lucidity Group on behalf of the insurer, surveyed 442 medical professionals across Australia
The Federal Government has released draft legislation relating to the proposed 30% minimum tax on discretionary trusts, first announced as part of the 2026–27 Federal Budget. Importantly, these changes are not yet law and remain subject to consultation and legislation. For small business owners operating through discretionary trusts, the proposed changes are significant and may
You wouldn’t let a patient diagnose themselves using Google, write their own script and walk out the door. Yet every day, people are doing something similar with their finances entering their salary, goals and personal details into ChatGPT or another AI tool and asking it to build them a financial plan. AI is everywhere. It
Division 296 is now law. The two Bills implementing it – the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026 and its companion Imposition Bill – passed Parliament on 10 March 2026 and received Royal Assent shortly after. The tax commences from 1 July 2026, with the first assessments expected to
Written by Michael Walsh, Associate Director and Founder As we move into the 2026-27 financial year, there are several important tax, superannuation and investment updates for clients to be aware of. Some measures are already scheduled, while others remain proposed and subject to legislation. Residential Property & Negative Gearing Following the Federal Budget, proposed changes
Written by Michael Walsh | Associate Director With 30 June fast approaching, now is the time to review your tax position and ensure you’re taking advantage of available opportunities before the end of the financial year. Use this checklist to stay on track and prepare for upcoming superannuation changes. ✅ Before 20 June 2026 Superannuation
The 2026 Federal Budget has introduced a range of measures that could impact your finances, career and long-term wealth strategy. In this exclusive Walshs webinar, our expert panel breaks down the key budget announcements and what they mean specifically for doctors at every stage of their career. You’ll gain insights into: The latest tax and
Written by Cheryl Jones | Senior Bookkeeper | Bookkeeping From 1 July 2026, a major change to superannuation obligations will come into effect for Australian employers. Known as “Payday Super,” this reform will require super contributions to be paid at the same time as employee wages, rather than quarterly. Understanding these changes now will help
Written by Timothy Reece | Associate Director | Accounting The Australian Taxation Office (ATO) has recently released Draft Taxation Ruling TR 2025/D1, providing updated guidance on how individual property owners should treat rental income and deductions. Crucially, the ruling introduces stricter views on “holiday homes”- properties that are used for both private enjoyment and short-term rental. If your