March 4th, 2013
Financial planners are often the first port of call for doctors that are seeking advice on investing a lump sum of money. However, that is just the tip of the iceberg. A professional medical financial adviser has the knowledge and skills to help you achieve your goals and objectives by tailoring strategies to specifically address […]
Continue readingOctober 26th, 2012
MBBS, FRACS (Plastic & Reconstructive Surgery)“Since engaging MEDIQ, there has not only been a significant and dramatic change in terms of the approach, but also in terms of the attitude. In comparison to my previous accounting service, I did not feel that I was able to be as involved and as part of the process...
Continue readingOctober 22nd, 2012
There is a lot of hype in the market for finance at the moment. Why? Because fixed rates are at a 20 year low. See the graph below in regard to 3 year fixed rates and the path they have taken over the last 2 decades. This of course has led to a great deal […]
Continue readingOctober 5th, 2012
As with most things in life, having a system or a process will usually lead to greater efficiency. The same is true when it comes to looking at the yearly cycle of tax and finance. There are 2 keys tax cycles that doctors should be aware of – the financial year of 1 July to […]
Continue readingSeptember 23rd, 2012
The personal insurance market for medical professionals is a very competitive and dynamic place. Products are regularly upgraded with improvements to core definitions as well as the addition of other bells and whistles. Of utmost concern to surgeons in regard to insurances is the confirmation that the policy they chose to implement will acknowledge the […]
Continue readingSeptember 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 readingJuly 20th, 2012
In an environment of reducing interest rates there comes a point when a decision needs to be made about the ‘fixed income’ element of a portfolio. Over the last several years term deposits have provided a simple and reasonably attractive return for investors, and have become a Fixed Interest element to a portfolio. However the […]
Continue readingJuly 9th, 2012
It never ceases to amaze us at MEDIQ of the number of medical professionals who do not have a complete Estate plan. If you’re a parent, in addition to having your wills and life insurance to provide for your children, you need to seriously consider who you would like to provide guardianship. What is a guardian […]
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