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[PARTNERSHIP] There’s not much you can do without an income. In monetary terms, your ability to earn an income is your biggest asset by far – which is why income protection is so important. As a medical professional when you’re protecting your biggest asset, there are 4 things you need to understand so you know what you’re covered for, and what that means at claim time: Continue reading “Income protection 101 for primary care doctors”
Based on the questions received during a recent webinar, Financial Adviser Stephen Price (Integer Financial Group) shares some advice.
We all understand the necessity and importance of insurance, but most don’t know where to start looking when it comes to finding cover that is a right fit. Researching insurers can be tedious, confusing and potentially incredibly costly if you get it wrong. As frustrating as it may be spending money on something you hope to never use, if an event occurred where you had to make a claim then you would be relieved knowing that you have the protection required to see you through. It’s critical that we get this right. Continue reading “[GUEST ARTICLE] Insurance Premium Structure: Getting it right from the start”
In this podcast, accountant specialist Kelly Chard and Paul Elmslie (Founder and CEO of National Skin Cancer Centres and HealthCert Education) provide expert advice for doctors on tax planning, reviewing your trading structure, and starting the new financial year with the right tools.
In this webinar, accountant specialist Kelly Chard and Paul Elmslie (Founder and CEO of National Skin Cancer Centres and HealthCert Education) provide expert advice for doctors on tax planning, reviewing your trading structure, and starting the new financial year with the right tools.
In this month’s webinar with our CEO Paul Elmslie, we introduced strategies on how to move from bulk-billing to private billing.
With Medicare rebates remaining low, how do you meet the increasing cost of providing medical care in your practice? Doctors are forced to take a pay-cut, see more patients, or charge more. Most GPs will be unable to afford the first two options if they wish to continue to provide safe, efficient care to their patients and avoid burnout. If you are currently bulk-billing all or a large proportion of your patients, you may need to introduce or increase out-of-pocket expenses to ensure the sustainability of your practice.
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In this webinar, a futurist and innovation expert shares valuable insights on emerging business, people and technology trends, and provides practical tips on how to secure your medical practice in the digital age.
- How to minimise tax returns
- How to set up a practice from the ground
- How to effectively structure a partnership in practice
- Whether to use a service entity agreement in your practice
Did you know that having a high income does not guarantee wealth? It’s vital to have a plan B for your medical practice! If you would like to learn how to make the most out of your money and amplify your income, please join us for a free webinar with Chris Gray, property expert on Sky News Business Channel.
Chris, son of a cardiologist, worked out early that despite his father’s well-paying job the family’s wealth came from their family home. In the webinar Chris will share easy strategies on wealth creation through property investment and provide you with real-time expert advice on any questions you might want to ask during the Q&A session.
- Are the shares in your medical practice company-held in your individual name?
- Are you currently paying interest on your home loan and not getting a tax deduction?
- At financial year end, do you have the ability to split out your income distributions based on the most tax-effective recepient?