Are you ready to make your dream of owning a home a reality? Well, buckle up because we’re about to dive into the nitty-gritty of ensuring a smooth home loan approval process. And guess what? For self-employed applicants, it all starts with keeping your taxes up to date! Here at Walshs, we specialise in home
Mental health challenges can be debilitating, affecting every aspect of life, including the ability to work and maintain financial stability. For medical professionals, whose roles are often high-pressure and demanding, these challenges can be particularly acute. This is where the importance of mental health insurance claims comes into play, providing a crucial safety net during
The medical field in Australia offers a wide variety of specialties, each with its own unique path, responsibilities, and rewards. For doctors, the journey from intern to consultant is long, but it can lead to a fulfilling and lucrative career. Understanding the earning potential at different stages is crucial for those deciding on a specialty
As a medical professional, you understand the importance of being prepared for unexpected events. Whether you’re a seasoned practitioner or just starting your career, having the right insurance coverage is crucial for safeguarding your practice and personal assets. In this blog post, we’ll guide you through the claims process, offering insights and tips to help
The 2024-25 Federal Budget, unveiled on Tuesday, May 14, 2024, brings notable changes impacting individuals, businesses, and superannuation. Among the highlights are the eagerly anticipated Stage 3 Tax Cuts, reducing tax rates and raising income thresholds for higher tax brackets starting July 1, 2024. For businesses, the Instant Asset Write-Off is extended, providing small businesses
Accountants play an important role in assisting business owners with navigating complex processes. One such aspect demanding careful attention pertains to claiming deductions for depreciating assets. Let’s delve into the strategic timing for claiming deductions, the various types of depreciating assets, and the significance of maintaining precise records to optimise tax benefits. Strategic timing
The days of deciding on a tax strategy at the start of the financial year and then forgetting about it are gone, tax planning is an important part of managing your finances and requires careful consideration and strategic decision-making. As a tax payer you must be flexible, aware and ready to pivot at the right
Navigating the path to homeownership can be particularly challenging for junior doctors, whose income is often spread thin across training fees, relocation costs, and exam fees, leaving little room for saving cash for your first home or an investment property. But with property still being one of the biggest growth asset classes in Australia Walshs
Economic Outlook The economic outlook was once again presented by the Chief Economist for KPMG Australia – Dr Brendan Rynne. In 2023, he was one of the 20% of Australian economists that believed there would be no recession in the technical terms (two consecutive quarters of negative growth in real GDP), but he advised that
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
