5 Tips to Keep Your Medical Practice’s Accounting Books Healthy

Most medical practices in Australia operate as small businesses, and that means they are exposed to the same financial challenges as other small businesses through the country. As with any small business, getting the accountancy process right is essential for ensuring the business is able to run in a sustainable manner. Accountancy can cause headaches […]

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10 Tips to Help You Study Accounting

Studying is one of those things that come easily to some people, and to others it feels like walking up Mount Everest. And studying accounting is no different. We’ve put together these 10 tips to help you with your studies for accounting. 1. Set your intentions Studying requires deliberate intention and attention. To succeed when […]

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Why Use a Specialist Medical Accountant?

There are a great many reasons why all medical personnel should use a specialist medical accountant when it comes to dealing with your finances. These range from changes in Medicare policies that may affect you differently to those in other professions to ensuring you are receiving the correct deductions for your industry. We’ve put together […]

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Doctors aren’t Superheroes: Why Income Protection for Doctors Matters

Australians hold an immense amount of respect for doctors. In fact, a survey conducted by Reader’s Digest revealed that being a doctor is perceived to be the sixth most trusted job in the country. This is hardly surprising though— after all, how many people can say that they save lives on a daily basis?

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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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Reliable Income Protection for Doctors and Other Simple Financial Tips

Have you sought financial advice yet? Finances were probably the last thing on your mind as you buried your nose in your medical textbooks. If your answer to the question was no, you’re not alone. According to a report from Money Management, too many people regret not seeking financial advice earlier:

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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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Medical Accountants in Melbourne Help Prep Doctors for Retirement

A May 10, 2014 Sydney Morning Herald article tackles one of the biggest financial issues looming over the country today and in the coming years:

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