Let’s face it, as a doctor or dentist you do not have the time to actively manage your finances. Even with the best intentions, you will fail to follow through after a while, if your money management requires active intervention and implementation. That is why for our clients, we set up automatic ongoing debt repayment and savings/investment plans. This could … Read More
The start of a new financial year is a good time to review your superannuation arrangements: Do you still have multiple funds and pay multiple fees? Is your fund expensive in terms of fees? How is your money invested? What is the performance like? Should you be contributing extra? The trap for many … Read More
Our online video course, Medico CFO, is now available completely free. It has over 100 videos covering financial tips and strategies for medical and dental professionals. Please note that same rates and thresholds might be out of date, so you should always seek personal financial and tax advice. You can access the first chapter HERE I hope you enjoy it. … Read More
In this week’s infographic we explore the considerations you need to make when deciding whether to start or buy a practice. Both Mitchell Walmsley from Affluence Chartered Accountants as myself have a wealth of practical experience in assisting our medical and dental clients with these projects. Please contact us if you would like to discuss.
Doctors and dentists seek our advice for many reasons, but typically one of the following underlying factors is at play: The ultimate stakes of your financial decision are high Making the wrong decision will have a significant impact on your life and the lives of those important to you. You simply cannot afford to get it wrong. These decisions … Read More
We have been assisting various medical clients following the sale of their medical practice, often involving multiple millions of dollars. Below I have outlined the considerations that we go through in developing a personalised plan. Debt repayment It makes sense to repay non-deductible debt (such as your home mortgage),as this provides a risk-free return that is quite attractive on … Read More