By | January 22nd, 2019
Starting your own medical practice is an exciting but nerve-wracking time. You want to do things your way and therefore your business structure carries a lot of weight. Used properly, the benefits of a good business structure are substantial. Your structure will govern business operations, streamline operations to ensure effective and efficient practice, and it […]
Continue readingBy | August 7th, 2018
Financial advisers can help doctors make a lifetime of great financial decisions – but they offer more than just advice. From investing to retirement planning, a medical financial adviser has the knowledge and skills to help you achieve your financial goals by developing tailor-made strategies that address your specific needs. Financial planning involves being smart […]
Continue readingBy | August 2nd, 2018
Do you run a medical facility or clinic and employ medical staff? If so, a payroll system can help you keep a record of your employees’ salaries and wages, as well as their employment and bank account details. Your payroll system should be transparent and easy to carry out. If not, your employees may have […]
Continue readingBy | June 18th, 2018
Running your own medical practice can be an incredibly rewarding project. Not only can you take more control over your work, but you can find your niche and help people in a way that others can’t. But when it comes to running your own practice, you are no longer just a doctor. Now you’re a […]
Continue readingBy | May 22nd, 2018
Exchange-Traded Funds (ETFs) offer real benefits to Self-Managed Super Funds (SMSFs) and investment in ETFs by SMSFs are on the rise. To put a number on it, almost 15% of the total number of SMSFs in Australia now have ETF holdings, which has doubled from 46,000 to 83,000 in one year. So, we know the […]
Continue readingBy | March 19th, 2018
Many of us have to travel for work, and often see it as a great opportunity to tack on a little holiday while we’re there. Whether you’re going away for a quick interstate conference, a trip to visit clients, or extended overseas travel, it’s important to know which expenses you can claim for tax purposes. […]
Continue readingBy | March 5th, 2018
For medical professionals, managing debt is essential. At different stages of your career, income and expenses can fluctuate quite a bit, so it’s important to consider how a doctor’s career can differ from the average. Whether you’re just starting out and have educational debts, or are starting or expanding your own practice, and want to […]
Continue readingBy | February 15th, 2018
Legislation, tax obligations and other compliance issues can be tricky, and just because you’re good at your job, doesn’t mean you immediately understand everything there is to running a business. If you’re a medical professional who wants to take control of their financial future, these 5 steps can put you on the path to success. […]
Continue readingBy | December 18th, 2017
Property investing offers an alternative to the volatility of the stock market, and for high-income earners like medical doctors, it’s an attractive investment option. Along with the tax advantages of negative gearing, property holds the potential for high capital growth. If you’re thinking about investing in property, read on to find out more about the […]
Continue readingBy | November 6th, 2017
Medical professionals spend years in study, but as a doctor, your medical education probably didn’t directly prepare you for running a business. Growing a medical practice can be a challenge in a competitive environment, but it’s achievable if you have the right strategy. As we’ll see, getting the right team together and becoming customer-centric can […]
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