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 readingSeptember 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 readingAugust 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 readingJune 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 readingMay 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 readingFebruary 2nd, 2012
With the festive season behind us, 2011 has arrived and we now have less than 6 months of the financial year to plan for tax. For medical specialists it is important at this time of the year to review superannuation contributions and ensure that they are heading for the right mark as at June 30. […]
Continue readingFebruary 2nd, 2012
Medical professionals who derive any portion of income via the public system have the opportunity to save tax by salary packaging various items that would otherwise not be deductible for personal tax purposes. For many this would include mortgage payments, utility bills, entertainment expenses etc. This works well for both the employer and employee as […]
Continue readingFebruary 2nd, 2012
More than most professions, every doctor has undergone extensive education to achieve their vocational qualification. The importance of quality education is clear and this usually translates to a desire to educate the next generation in high quality schools and tertiary establishments. It seems that every year around this time there is a scattering of articles […]
Continue readingFebruary 2nd, 2012
Doctors are repeatedly told of the benefits of superannuation. That they should maximise their super contributions and build wealth via this attractive tax environment. MEDIQ agree with these sentiments, and where-ever possible our clients are encouraged to follow the steps below.
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