Making Sense of your Taxes via Accountants for Doctors in Melbourne

Taxes are the lifeblood of the economy. However, if you’re a medical practitioner in Australia, you’ll still want to reduce the taxman’s burden on you in some way. Amanda Bryan of Medical Journal Australia writes:

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Healing the Healers: Finding the Right Income Protection for Doctors

“Doctor, heal thyself” is an advice that many medical professionals just seem to ignore, in their desire to provide the best possible care for their patients. Recognizing this syndrome, the Australian Medical Association has come up with a position paper that reinforces the need for doctors and medical students to look after their own health, […]

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Medical Accounting: Providing Adept Financial Management for Doctors

One of the common notions about medical practitioners is that they are among the highest earning professionals anywhere. True enough, after spending years of training and studying to perfect their skills, doctors often reap the rewards of their labour once they have established a successful practice. However, as in any other profession, financial problems can […]

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Coping with the Changes: Doctors Need Medical Accountants in Melbourne

Not all Australian taxpayers can afford private health care insurance. Many rely on Medicare to get medical services either for free or with rebates. Medicare is a health care system designed to subsidise whole or part of certain medical services to eligible Australian citizens.

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Skilled Accountants for Doctors in Melbourne Help Streamline Services

When asked what they want to be when they grow up, a lot of children would say they want to become a doctor so they can cure the sick. What these kids don’t realise just yet is that a doctor does a lot more than just stitching wounds and thrusting syringes. On top of his […]

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Some Important but Commonly-Overlooked Tax Deductions for Doctors

The specialised taxation rules governing the medical profession are extensive enough to oblige medical practitioners, doctors included, to be vigilant about settling their government dues to keep themselves out of legal trouble. Very often though, busy professionals are likely to overlook important components in their tax returns, which could lead them into serious legal consequences. […]

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Dissecting Tax Deduction Concerns with Medical Accounting Experts

Conventions, conferences, and post-grad university schooling are quite expensive for doctors despite being in the higher income brackets. The government, nonetheless, offers such aids to them through significant tax deductions, under self-education expenses. Controversy arose last year from an attempted government reform which would limit the deductions for self-education expenses. This maximum or “cap” would […]

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Medical Accountants Can Help Doctors Run a Financially Tight Ship

Most people think that doctors are just health professionals, but those who have private practices are also skilled entrepreneurs. Or at least they should. This article from CNN.com points out that many doctors are teetering on the edge of financial collapse due to poor money management:

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Accountants for Doctors in Melbourne Can Help Your Private Practice

If you’re a doctor thinking of venturing out into private practice, you’ve probably racked your brains trying to figure out where and how you can minimise or eliminate operational costs so that you can stretch your funds as far as you can. One business aspect you should never consider doing yourself is accounting. Unless you […]

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How Doctors Can Beat the Taxman

While the taxman is targeting investors hiding assets overseas, there are much less complicated ways to cut your tax bill. Here are 6 legal tax-minimising strategies that you can easily use – and they can make a significant difference to your overall wealth creation.  Not only are these legal ways to cut your tax bill, […]

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