July 11th, 2016
Becoming a doctor is no easy feat. With the many years of studying and the associated expenses, it should be of great consolation that medical professionals are some of the highest paid people in the world. Medical professionals are constantly in high demand, with many various specialties available to budding young healers.
Continue readingJune 28th, 2016
Gone are the days where all a doctor needed to do to be successful is set up shop. Today’s medical professionals need to be wary of the ways they can engage with new potential patients and how patients can find out about them. We’re going to take a look at the reasons why doctors need […]
Continue readingMay 27th, 2016
Being prepared is the key to success, and stagnation is an easy path to failure. Having a simple plan for the continual progress of your medical practice is a pretty common sense approach, but it’s tricky to ascertain exactly how often you should rethink, add to it, or get rid of things that aren’t working. […]
Continue readingApril 6th, 2016
As a medical professional in Australia you are generally considered a high-income earner, and as such the rate of tax applied is also high. This can be extremely frustrating, but even more so if you are a business owner as well. In this instance, you are not eligible for the 30% tax rate on ‘personal […]
Continue readingMarch 30th, 2016
Personal Services Income (PSI) affects anyone who generates revenue from supplying their skills and labour. It’s important you understand if you’re earning PSI, because it can significantly change your tax obligations. Personal Services Business (PSB) is essentially the same thing as PSI, except that there are no changes to your tab obligations other than declaring […]
Continue readingFebruary 15th, 2016
The risk of not being able to work due to illness or injury is very real for everyone, including medical professionals. While sick leave and workers’ compensation provide some level of coverage, income protection insurance gives you an additional level of cover that could ensure that you enjoy a similar lifestyle as you would without […]
Continue readingJanuary 11th, 2016
Whatever stage of life you’re at, it’s never too early or late to learn more about building wealth and managing your finances. The earlier you start on learning about wealth management, the sooner you can devise a clear strategy for achieving your financial goals. With the complexities of financial management, it is best to obtain […]
Continue readingDecember 11th, 2015
Marketing is so much more than just a radio or print advertisement. Marketing is any activity that moves your practice forward in all aspects, including financial, new patients, new services, recruitment of new providers, or entering new marketplaces. Activities that fit under the broad ‘marketing’ definition include planning, patient relations, products and services, and many […]
Continue readingSeptember 7th, 2015
Doctors generally carry a high level of debt, and it seems overspending and trying to keep up with their peers is the main reason. But how can you overcome your debt hurdles? Debt recycling could be the answer. What is debt recycling? The family home is often considered one of the largest debts you have, […]
Continue readingAugust 17th, 2015
As a medical professional, there are a number of savings that might be on offer to you from some of the major financial institutions in Australia. While this is not common knowledge, it is definitely something that is worth looking into as you could experience significant savings compared to standard loan and mortgage offerings that […]
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