Category: Info Articles

When and Why You Should Review Your Personal and Practice Insurance

As a medical doctor, you can reduce your risk exposure by taking out appropriate personal and practice insurance. Personal insurance like income protection, life and disability, and trauma products can protect you against unexpected events. Public liability and medical indemnity insurance shields you and/or your practice against professional risks. Knowing when to review your insurance […]

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Sound Medical Accounting Can Help Keep a Doctor’s Practice Afloat

As a doctor, starting your own practice is an accomplishment that ranks alongside earning your medical degree. Finally, you can enjoy free reign of your schedule and have unlimited earning potential.

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Tax Fraud and Crimes that Medical Accountants Could Help you Avoid

As a medical doctor in Melbourne, it’s normal to find yourself stressed with trying to balance the performance of your profession and the management of your business─ especially since your practice is both. In this crisis, you should look into hiring reputable medical accountants from Melbourne firms like MEDIQ Financial; otherwise you might find yourself […]

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Accountants for Doctors: Helping New Practitioners Spend and Save

When it comes to professions, being a doctor has got to be one of the best– even in Victoria’s most populous city, you can easily stand out amongst those being well-paid for what they do. However, being high up on the career ladder also means that you are prone to spending more than you should. […]

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Proper Financial Planning for Doctors Help Bridge the Gap in Wages

You’ve studied for several years and after seemingly endless bouts of hard work and sleepless nights, you’ve finally become a full-fledged medical doctor. Life is supposed to get a little easier now that you’re earning six-digit wages every year, right?

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Making Sense of your Taxes via Accountants for Doctors in Melbourne

Taxes are the lifeblood of the economy. However, if you’re a medical practitioner in Australia, you’ll still want to reduce the taxman’s burden on you in some way. Amanda Bryan of Medical Journal Australia writes:

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Healing the Healers: Finding the Right Income Protection for Doctors

“Doctor, heal thyself” is an advice that many medical professionals just seem to ignore, in their desire to provide the best possible care for their patients. Recognizing this syndrome, the Australian Medical Association has come up with a position paper that reinforces the need for doctors and medical students to look after their own health, […]

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Medical Accounting: Providing Adept Financial Management for Doctors

One of the common notions about medical practitioners is that they are among the highest earning professionals anywhere. True enough, after spending years of training and studying to perfect their skills, doctors often reap the rewards of their labour once they have established a successful practice. However, as in any other profession, financial problems can […]

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Coping with the Changes: Doctors Need Medical Accountants in Melbourne

Not all Australian taxpayers can afford private health care insurance. Many rely on Medicare to get medical services either for free or with rebates. Medicare is a health care system designed to subsidise whole or part of certain medical services to eligible Australian citizens.

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Skilled Accountants for Doctors in Melbourne Help Streamline Services

When asked what they want to be when they grow up, a lot of children would say they want to become a doctor so they can cure the sick. What these kids don’t realise just yet is that a doctor does a lot more than just stitching wounds and thrusting syringes. On top of his […]

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