Income Protection for GPs – Are you Protected?
Posted in Insurance, IQ+,20th February 2012How to protect yourself if you are diagnosed with blood borne diseases such as Hepatitis B, Hepatitis C or HIV.
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Financial Advice for Doctors
Posted in Accounting & Taxation, Financial Strategy, IQ+,02nd February 2012With the festive season behind us, 2011 has arrived and we now have less than 6 months of the financial year to plan for tax. For medical specialists it is important at this time of the year to review superannuation
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Doctors and the efficient use of tax deductions
Posted in Accounting & Taxation, IQ+,02nd February 2012No one likes paying tax, possibly the most obvious statement anyone can make about business in Australia, but this does not mean we cannot work within the law to ensure the amount of tax is at its absolute minimum. Medical
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Finance for GPs
Posted in IQ+, Loans & Financing,02nd February 2012Being a GP is an opportunity to access one of the most stable incomes in the medical world and perhaps even the whole professional world. There is a range of incomes within general practice, with procedural GP’s (e.g. those who
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Risk Profiling for Medical Professionals
Posted in Investments & SMSF, IQ+, Loans & Financing,02nd February 2012With limited exception, a meeting with a financial planner will always involve a discussion around the risk profile of the client. This usually takes the form of several structured question to determine the client’s perception of how they view investment
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Direct Property vs Shares
Posted in Investments & SMSF, IQ+,02nd February 2012This debate is as old as the hills and will no-doubt continue forever, which is the better investment – Property or Shares. Australians are well known for their love affair with property, the dream of the quarter acre plot has
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Payroll Tax… the surprise tax
Posted in Accounting & Taxation, IQ+,02nd February 2012One of the biggest surprises a medical business faces in the Australian taxation compliance regime is payroll tax. The old perception that payroll tax is a tax for business with lots of employees has unfortunately created a dangerous misnomer. Payroll
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Your medical practice and the right business structure
Posted in Accounting & Taxation, Financial Strategy, IQ+,02nd February 2012Well, that is all well and good but we can do better. There are ways within the rules and laws to maximise your return from you medical practice and give you the highest reward for your hard work. Running a
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Year end salary packaging opportunities
Posted in Accounting & Taxation, Financial Strategy, IQ+,02nd February 2012Medical professionals who derive any portion of income via the public system have the opportunity to save tax by salary packaging various items that would otherwise not be deductible for personal tax purposes. For many this would include mortgage payments,
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Planning for education costs
Posted in Financial Strategy, IQ+,02nd February 2012More than most professions, every doctor has undergone extensive education to achieve their vocational qualification. The importance of quality education is clear and this usually translates to a desire to educate the next generation in high quality schools and tertiary
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