Common Tax Deductions for Doctors

by Dr Jonathan Brown | Nov 30, 2016 | Advice, Business, Taxation

[apss_share] This article has been written by Brentnalls SA, Chartered Accountants and Advisors.   How Doctors can reduce their tax bill One of the simplest and most effective ways a Doctor can minimise their tax bill is by being aware of the available tax...

Article review: Suicide By Health Professionals

by Dr April Armstrong | Nov 27, 2016 | Advice, Lifestyle, Personal Wellbeing

The Invincible Suicide is a taboo topic along with mental health, drug and alcohol addiction and domestic violence. The health profession is the last of the population to reveal its devastating need, often until it is too late. In 2003 as a first year medical student...

To Fellow or not to Fellow?

by Dr April Armstrong | Nov 22, 2016 | Advice, Career

Aspiring to fellowship is the goalpost that as doctors we set our sights on from very early on in our career. Doctors with a clear goal and pathway have frequently spoken of their career choice long before entering medical school. Following that path often leads to a...

Medical Indemnity – get your money’s worth

by Dr April Armstrong | Nov 19, 2016 | Advice, General practice, Insurance, Medical indemnity

Under Australian law, every registered medical practitioner must be insured under a medical defence organisation (MDO) to cover us in the event of complaints against us by patients. There are a number of AHPRA-approved MDOs including Avant, Tego, MIGA, MDA National...

What is capital gains tax?

by Dr Jonathan Brown | Nov 15, 2016 | Advice, Capital gains tax

When an asset is sold for a profit, capital gains tax (CGT) is applied. This asset can be in the form of property, shares or vacant land purchased after 21 September 1999, and CGT is calculated on the difference between the purchase and sale price.   Capital...

Buying Your First Property – Investment or Owner-Occupied

by Dr Jonathan Brown | Nov 15, 2016 | Advice, Landlords insurance, Property, Property investment, Retirement planning, Taxation

Full-time university is over and you have avoided the temptation. There are frequent offers of student advancement based on your future financial viability There are potentially a few bills due that has crept its way into your final few years that need to be cleared....