Superannuation is one of the largest investments you will ever make, so it’s crucial to understand your options and choose wisely. This guide will provide you further information regarding selecting your investments. Understanding Superannuation Investment Options Most superannuation funds offer a variety of investment options, typically ranging from conservative to growth-oriented. Each option comes with
As the holiday season approaches, many homeowners may consider renting out their homes or a part of them to earn extra income, particularly in areas with high tourist traffic. Platforms like Airbnb or Stayz make it easy to list your property or part of your property and connect with travellers. However, before you enter the
How do you keep your finances on track when a medical career demands so much of your focus and time? The journey of a medical professional is unique, marked by long hours, intensive (and expensive!) study and unexpected relocations and other fun twists. Financial management is a critical part of sustaining this journey, yet it’s
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
The ATO has announced it will collect data on lifestyle assets from insurance providers for the 2023-24 to 2025-26 financial years’. This data collection will focus on insurance policies for assets that meet or exceed the specified minimum value thresholds. Asset class and minimum value thresholds: Caravans and Motorhomes: $65,000 Motor Vehicles (including cars, trucks,
Embarking on the journey to purchase your first home is both exciting and daunting. One of the significant costs to consider is stamp duty, a state-based tax imposed on the purchase of residential property. Fortunately, many state governments in Australia have introduced incentives to help first home buyers reduce or even waive this tax, making
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
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
