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Accounting and Medical Advice for new Doctors, Dentists & Medical Professionals in Melbourne You have slogged it out at University for many years, survived days without sleep, countless unpaid placements and the internship years. Finally, you have started (or finished) your residency placements and the real dollars are starting to flow in to your bank account. Many Junior Medical Officers & Dentists start their careers with a base […]
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Can self-funded retirees access a concession card? Many self-funded retirees are surprised to learn that they may qualify to receive a concession card upon ceasing work, despite not qualifying for any Government Age Pension or DVA payments. Most Centrelink benefits require applicants to meet income and/assets tests before they can qualify for a benefit, and whilst the Commonwealth Seniors Health Care card […]
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What is a novated lease? Explained simply, a novated lease is a way for an employee to buy a new or used car, and have their employer assist in the organised repayment for that car to an agreed financial supplier. The way this is done is by the employer agreeing to make the repayment out of the employee’s pre-tax salary […]
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Thinking about buying an investment property? Australians love nothing more than buying property. Investing in bricks and mortar is a comforting and often easy investment decision for many investors, particularly those who feel at ease with buying something tangible. This love affair has only deepened since legislation changed to allow Self Managed Superannuation funds to borrow for property investment in 2007. […]
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The Tax implications of being an Executor or Beneficiary of a deceased Estate Unfortunately, having to deal with managing a deceased estate is a task many of us will have to shoulder at some stage in our lives — but having some familiarity with what’s involved beforehand will hopefully ease the burden. It is worth remembering that the law that applies to the assets and income of a deceased person […]
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