Many medical practice owners quickly hit a common hurdle – business is booming but cash in the bank is low.
Salary packaging is an effective and above board way for doctors and health care workers to pay less tax. The easiest way to explain salary packaging is your hospital employer covers the cost of some of your personal expenses, so you don’t have to pay tax on those purchases. But of course, there’s much more […]
You’d assume that big earning doctors would all have healthy savings accounts. But the harsh reality is many doctors come to us without any saving habits and little money set aside.
The Medicare payment freeze was introduced as part of a savings scheme by the government in 2013. This plan has had many vocal opponents since it’s inception. How does it affect doctors like you? And what can you do about it?
Many medical professionals are mistaken in thinking that, as a high paid doctor, they’re set for life and won’t ever have to worry about money. Medical Accountant Kym Nitschke shares how you can avoid the dangerous overconfidence that plagues so many doctors.
Given the high-risk nature associated with the profession, doctors typically need more insurance cover than professionals in other industries.
Are you a doctor or medical professional working in Australia? You’re probably no stranger to the fact that the more you earn, the harder you’re taxed. As it turns out, you could actually save yourself a lot of money the next time you submit your income tax return. [Before you read on … Nitschke Nancarrow has recently […]