By | September 16th, 2012
For the Medical professional there are a few key items that must be addressed when looking at the legal structure for their medical business and their personal wealth creation. These can be summarised as firstly, “How do I minimise my tax?” and secondly, “How do I best protect the wealth I have now and in […]
Continue readingBy | September 5th, 2012
Further research has emerged to support the MEDIQ investment philosophy that asset allocation – rather than stock or manager selection – is the primary driver of investment performance. Further to this the research suggests that actively trying to time the market also falls short of a long term hold strategy. The old adage ‘Time in […]
Continue readingBy | August 10th, 2012
To separate fact from fiction, here are 10 common myths the Tax Office says can often get doctors /practice owners into hot water. 1. Having an Australian business number (ABN) Myth: If a doctor has an ABN they are a contractor. Fact: Just because a doctor has an ABN does not mean they will be a contractor for every job. […]
Continue readingBy | July 20th, 2012
In an environment of reducing interest rates there comes a point when a decision needs to be made about the ‘fixed income’ element of a portfolio. Over the last several years term deposits have provided a simple and reasonably attractive return for investors, and have become a Fixed Interest element to a portfolio. However the […]
Continue readingBy | July 9th, 2012
It never ceases to amaze us at MEDIQ of the number of medical professionals who do not have a complete Estate plan. If you’re a parent, in addition to having your wills and life insurance to provide for your children, you need to seriously consider who you would like to provide guardianship. What is a guardian […]
Continue readingBy | June 29th, 2012
The most important day of the financial calendar is all but past us and a new financial year is nearly upon us. For many doctors this time comes and goes with no contact from their advice team; no pro-active phone calls to see what extra benefits – big and small – can be squeezed out […]
Continue readingBy | June 24th, 2012
Just about all medical professionals have the ability to earn good money working away from home on short or long term locum placements, as such the proposed changes to LAFHA legislation could affect you and your colleagues. What are the changes announced by the Australian Government? Two changes were announced in the Government’s mid-year budget […]
Continue readingBy | June 6th, 2012
At MEDIQ Financial we recommend all clients maintain good quality health insurance. Currently the government assists with the cost of private health cover by giving a 30% rebate on the premiums. An important change will take effect from 1 July 2012, when for the first time the private health insurance rebate will be income tested. […]
Continue readingBy | May 29th, 2012
Due to the prolonged period of investment market volatility that we are currently experiencing, an article with a heading like this might seem like old news. However with renewed uncertainty coming out of Europe, the possible knock-on effect into China’s manufacturing and our resources boom, heightened levels of fear in the market pushed all major […]
Continue readingBy | May 15th, 2012
The 2012 Federal Budget only contained few surprises as many of the measures had already been legislated or pre-announced. The main winners were lTaxsaower income earners, families and the elderly. Summary The key new announcements include: tax may increase on certain employment termination payments the reduction in the company tax rate isn’t going ahead the […]
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