February 2nd, 2012
As accountants/financial advisers catering only to medical professionals and their families, we see an ever increasing complexity in regard to managing personal finances. The aspirations of better tax management and enhanced asset protection constantly inspire new strategies that are available to consider and potentially apply to our clients. For many the goal of wealth creation […]
Continue readingFebruary 2nd, 2012
Just as the global capital markets continue to thaw out following the GFC, so too is the competition returning to the mainstream mortgage and investment debt markets. Following 3 months of contracting mortgage figures, May showed a solid recovery with mortgage sales increasing by 18.8% according to the AFG Mortgage Index. Property markets around the […]
Continue readingFebruary 2nd, 2012
A concept gathering strong momentum in the US at the moment is the idea of Lifecycle Investing or target date investing. So what is this and is it anything particularly radical? The concept of Lifecycle investing is that the appointed manager is investing your funds with a specific target date in mind, your retirement. The […]
Continue readingFebruary 2nd, 2012
In preparation for the end of the financial year 30th June 2011 there are some things you can do for your medical practice that will help with the compliance work required. By implementing an effective tax strategy, you can minimise you income tax obligations. The following is a list of items relevant to your medical […]
Continue readingFebruary 2nd, 2012
The world of superannuation is a constantly evolving legislative environment, and at the more complex end of the spectrum are the rules around self managed superannuation. The Smart Money section of the weekend Australian Financial Review had some interesting statistics on those who have chosen to establish themselves in a self managed fund. Not surprisingly […]
Continue readingFebruary 2nd, 2012
The current flood emergencies unfolding around Australia, as with the Victorian bushfires in recent history, bring into sharp focus the vulnerability of our communities to the effects of nature and the unknown. The news coverage also seems to highlight the all-too-common situation of those who have lost everything with no form of protection for even […]
Continue readingFebruary 2nd, 2012
Until quite late in your career, when you have amassed a significant asset base and you are approaching retirement, your ability to earn an income will remain your biggest asset. It never ceases to amaze us that whilst most doctors would think it absurd to drive an uninsured car or have their family living in […]
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.
Continue readingDecember 22nd, 2011
Its July already and the compliance is underway. Here is are some simple pointers on what you can do to make your tax season more bearable, you might even find an extra tax deduction or two. June 2010 Business Activity Statement (BAS) The lodgement of the June 2011 BAS requires not only the collection of […]
Continue readingDecember 22nd, 2011
Most people generally dislike insurance, whether it is the thought of paying for something you hope to never use, or the classic ‘it will never happen to me’ mindset, we all have an instinctive reaction to the concept. Add to this the reality that we have all probably had a scenario where we assumed our insurance covered us for a given event only to find that the small print has delivered the insurer a ‘get out of jail free card’.
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