January 16th, 2014
Welcome to 2014! The start of a new year is often seen as a chance to start afresh. For 2014, why not start a resolution to stop rushing things and completing them a few days before the deadline and start planning ahead. Having a proper financial plan helps you to ensure that your financial future […]
Continue readingDecember 10th, 2013
Running a medical practice is essentially the same as running any other financial businesses. Questions is, is your medical business “on track”? … However, not all medical practice groups can provide a clear-cut answer to this question. Why? Because they have not established the business objectives for their medical practice. Here’s a strategic business tip: […]
Continue readingNovember 26th, 2013
It is a common thought that we need to avoid debt, or pay off any debt we have as fast as possible. That is good, solid, but conservative advice. Why conservative? Because you may be able to grow your financial assets faster by using what we call “good” debt. Let’s explain this: Good Debts vs […]
Continue readingOctober 23rd, 2013
Debt can be a wonderful slave but an unforgiving master. Australia, in common with many western countries, has an extraordinarily high level of consumer debt. The number of new credit card accounts opened in the 12 months prior to December 2012 increased by 210,000. But the scariest figure is the accruing interest on credit cards […]
Continue readingMay 19th, 2013
The end of the tax year is edging closer. If you haven’t planned how you will maximize your income and save some tax, take note! The most effective strategies are often the simplest and can be applied before 30 June this year whilst others should be considered for next year. Here are both categories to […]
Continue readingApril 15th, 2013
Every now and then, doctors tend to forget the original intention of acquiring an investment property or simply not have time to be involved to maximise the investment. You may have already acquired an investment property or is contemplating buying; the associated benefits should not to be overlooked. Investment properties help the investor to maintain […]
Continue readingMarch 14th, 2013
Each year in early May, the Treasurer delivers the Federal Budget and many people across Australia listen intently. The Budget tells us how the government intends to spend its revenue in the coming year – whether it can afford to give us tax cuts and whether it expects to spend more (deficit) or less (surplus) […]
Continue readingMarch 4th, 2013
Financial planners are often the first port of call for doctors that are seeking advice on investing a lump sum of money. However, that is just the tip of the iceberg. A professional medical financial adviser has the knowledge and skills to help you achieve your goals and objectives by tailoring strategies to specifically address […]
Continue readingOctober 5th, 2012
As with most things in life, having a system or a process will usually lead to greater efficiency. The same is true when it comes to looking at the yearly cycle of tax and finance. There are 2 keys tax cycles that doctors should be aware of – the financial year of 1 July to […]
Continue readingSeptember 23rd, 2012
The personal insurance market for medical professionals is a very competitive and dynamic place. Products are regularly upgraded with improvements to core definitions as well as the addition of other bells and whistles. Of utmost concern to surgeons in regard to insurances is the confirmation that the policy they chose to implement will acknowledge the […]
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