June 20th, 2014
Australians hold an immense amount of respect for doctors. In fact, a survey conducted by Reader’s Digest revealed that being a doctor is perceived to be the sixth most trusted job in the country. This is hardly surprising though— after all, how many people can say that they save lives on a daily basis?
Continue readingMay 29th, 2014
Have you sought financial advice yet? Finances were probably the last thing on your mind as you buried your nose in your medical textbooks. If your answer to the question was no, you’re not alone. According to a report from Money Management, too many people regret not seeking financial advice earlier:
Continue readingMay 27th, 2014
A May 10, 2014 Sydney Morning Herald article tackles one of the biggest financial issues looming over the country today and in the coming years:
Continue readingMarch 10th, 2014
The specialised taxation rules governing the medical profession are extensive enough to oblige medical practitioners, doctors included, to be vigilant about settling their government dues to keep themselves out of legal trouble. Very often though, busy professionals are likely to overlook important components in their tax returns, which could lead them into serious legal consequences. […]
Continue readingMarch 7th, 2014
Conventions, conferences, and post-grad university schooling are quite expensive for doctors despite being in the higher income brackets. The government, nonetheless, offers such aids to them through significant tax deductions, under self-education expenses. Controversy arose last year from an attempted government reform which would limit the deductions for self-education expenses. This maximum or “cap” would […]
Continue readingMarch 3rd, 2014
If you’re a doctor thinking of venturing out into private practice, you’ve probably racked your brains trying to figure out where and how you can minimise or eliminate operational costs so that you can stretch your funds as far as you can. One business aspect you should never consider doing yourself is accounting. Unless you […]
Continue readingFebruary 11th, 2014
Ask any Australian what they think about giving anything a fair go, and they’re likely to tell you that anyone or anything, as long as it isn’t hurtful or unjust, deserves that right. It is based on this same concept that the Australian Taxation Office is reminding everyone to give the tax system its fair […]
Continue readingFebruary 10th, 2014
Medical doctors working outside of hospitals have sighed in relief, as an Australian Financial Review article published September 23, 2014 details encouraging information for doctors and other self-employed professionals. It writes:
Continue readingJanuary 16th, 2014
A report published by The Australian discusses the radical new plan being proposed by Prime Minister Tony Abbott to bill patients $5 every time they visit their GP:
Continue readingJanuary 15th, 2014
Occupational hazards may vary from industry to industry, but doctors work with greater risk factors. Not only does their work require them to attend to patients with communicable diseases, they are regularly exposed to the airborne diseases of other patients in the hospital, as well. An article posted on the American Academy of Orthopaedic Surgeons […]
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