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mediqfinancial - The Top 5 Forgotten Tax Deductions for Doctors (2)

The Top 5 Forgotten Tax Deductions for Doctors

Posted in Accounting & Taxation, Financial Strategy,15th May 2017

  Tax time will soon be starting again, so it’s the perfect time to review individual tax-deduction strategies – especially deductions often overlooked by doctors. We surveyed our senior medical accountants and asked them “what are the top 5 forgotten

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mediqfinancial - Is Debt Recycling a Smart Financial Strategy for Doctors

Is Debt Recycling a Smart Financial Strategy for Doctors?

Posted in Industry News, IQ+,17th April 2017

Professionals, like doctors, typically maintain high standards of living and carry high levels of debt. As a doctor, overspending and debt-servicing expenses can be a common challenge, so how do you turn around your debt situation? If you haven’t considered

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Is a Self-Managed Super Fund Right for Doctors?

Posted in Investments & SMSF, IQ+,27th February 2017

The idea of managing your own super through a self-managed super fund (SMSF), appears to be a popular one in Australia, with over one million Aussies opting to secure their retirement nest egg in a SMSF, with total assets of

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The Pros And Cons Of Salary Packaging (From An Employer’s Perspective)

Posted in Accounting & Taxation, IQ+,06th February 2017

We all know that salary packaging is popular with employees, as it allows them to reduce the amount of tax that they pay. It allows the employee to pay for expenses, such as a car, laptop, or additional superannuation expenses

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Tax Deductions Every Doctor Should be Claiming

Posted in Accounting & Taxation, IQ+,20th December 2016

Medical professionals often incur a significant amount of work-related expenses, so it’s vital to ensure that you do keep records of all of these so that you can claim on them. To make sure that you do take advantage of

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The Best Ways to Choose, Manage and Retain Employees For Your Medical Practice

Posted in Financial Strategy, IQ+,11th November 2016

Whether you’re opening a new medical practice or replacing a staff member, it’s important that you dedicate a lot of time and resources to hiring and managing your employees. Hiring incompetent staff can cause a lot of problems. For example,

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How to Create A Budget For Your Medical Supplies

Posted in Financial Strategy, Industry News, IQ+,28th October 2016

When it comes to running a medical practice, you want it to thrive and grow. And the best way to do that is by creating a 12 month budget. When you have a budget for your medical practice and you

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5 Things Every Doctor Needs To Know About Their Superannuation

Posted in Financial Strategy, IQ+,27th September 2016

Maximising your superannuation and investing in your own future is a hallmark of any savvy Australian. For doctors, who spend a few additional years in training compared to most other university trained professionals, starting your plan early is doubly important.

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8 Common Financial Mistakes Doctors Make And How To Remedy Them

Posted in Accounting & Taxation, IQ+,29th August 2016

Many doctors are so busy managing the patient side of their practice, they end up neglecting the financial elements of their business. Others are distrustful of financial advisors, while some are just complacent about their finances. Regardless of the reason,

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Digital Marketing For Doctors

Posted in Industry News, IQ+,28th July 2016

Doctors and specialists running their own medical practices are operating in a dramatically changing environment. Regardless of your area of specialisation, you have probably noticed that many patients are becoming empowered consumers, as they have access to an extensive selection

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