Tax & Accounting
Tax structuring for doctors – How should you hold your investments?
This is something that is often overlooked by many investors. In the hope of accumulating some wealth, an investor may rush off and buy a
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Lifestyle
5 benefits of having a part-time job while studying medicine
Have you ever thought about getting a part-time job while studying medicine but you’re not quite sure if you should? Or maybe you need some
Lending
Beware of ATO debts when applying for loans
It is that time of the year to forward plan your tax commitments. Having an outstanding tax liability impacts the cash flow of many medical
Legal Services
Payroll Tax and Medical Practice Legal Structures | A court case learning (The Optical Superstore Case)
A common feature of many medical legal structures is the use of a “service entity” to provide medical practitioners who operate their practices within the
Personal Insurance
‘Agreed value’ income protection policies – will you be impacted by the imminent changes?
Note that ‘agreed value’ policies are no longer available as per the regulatory changes outlined below. If you missed the opportunity to review your policy
Legal Services
Doctors and Divorce – Understand the legal journey and divorce process ahead
When a doctor or medical professional separates or divorces, the divorce process ahead can often be a tough, long and emotional journey. Divorce It is
Personal Insurance
Doctors and Divorce – Think current AND future financial position
Statistically speaking, over 50 percent of marriages in Australia end in divorce. The largest proportion of couples separating or divorcing are those who have been
Lending
Doctors and Divorce – A medical accountant’s guide to separation and divorce taxation
Going through a divorce or relationship dissolution can be a challenging time irrespective of whether both parties are amicable. Aside from legal implications (read Doctors
Legal Services
Managing financial impact of divorce in the medical profession
The demands of people working in the medical profession are unforgiving. Long hours and rigorous demands of the job can lead to poor work-life balance,
Social Responsibility
DPM’s charity auction raises $13,692 to the Bendigo Bank Bushfire Disaster Appeal
From late 2019 to now, Australia has been facing the devastation of which this year’s fire season has brought. Millions of acres have been destroyed,
Lifestyle
Salary packaging and reportable fringe benefits – How they are calculated
Salary packaging Salary packaging is an arrangement between you and your employer that enables you to reduce your taxable salary, and as a result, pay
Private Practice
Why would I get life insurance in a business partnership?
Whether it is in a medical practice or not, when starting a business partnership, it’s important to ensure you have an exit strategy in place
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