Many doctors at some stage in their career take up the opportunity to do locum work. It involves working at different hospitals for short periods of time, and can provide flexibility and higher hourly rates. There are different ways to get paid as a locum doctor, including working as a visiting medical officer or […]
A couple of court rulings in recent times has put the spotlight on whether health, dental and medical centres are subject to payroll tax. The rulings emphasise the importance of understanding your practice’s own flow of payments and written agreements. That’s the message from Alexandra Phillips, Senior Associate at law firm Fletcher Clarendon, who […]
It’s been an interesting few months in the medical sector in both Victoria and federally regarding rulings to payroll tax. Interpretations between state and federal commissioners have everyone scratching their heads. What does it all mean for those in private practice? What do you need to know to ensure you don’t trip up on […]
Do you have a will? If you do have one, is it up to date? Your circumstances may change and so it’s important to have a will to determine where you want your personal assets to be distributed. A formal will – as opposed to a templated one you might find online – will […]
If you’re running a medical or dental practice, it’s important to have a range of contracts and agreements that are tailored to your circumstances. That’s according to Michael Levy, Principal at Tisher Liner FC Law. In this episode, he discusses with Nick Fennessy, Director at the Bongiorno Group, the common types of agreements you’re […]
It’s human nature to try to emulate what other people are doing and wonder how they have achieved certain things. When you see an older doctor with a new car and a house in a nice suburb, you might be thinking that could be you in a few years. But not everything is necessarily […]
While the country was locked-down during Covid, the tax office made it easier to calculate work-from-home expenses. Not anymore, warns Nick Fennessy, Director of the Bongiorno Group. He explains the new rules for those claiming WFH expenses, which require far more details than during the pandemic. The Money Doctors is proudly brought to […]
Small business owners can take advantage of a tax incentive to improve operations and productivity with technology. Nick Fennessy, Director of the Bongiorno Group, says the scheme allows eligible business to claim an additional 20% tax deduction for technology-based expenses capped at $100,000. Nick discusses who is eligible and what they can claim under […]
When you are hiring someone, it might be helpful to think about it in terms of commencing a relationship. That’s according to John Ryan, Senior Workplace Relations Advisor with AMA Victoria. And so, if it ever comes to letting a worker go because of poor performance of or other difficulties, he says, you are merely […]
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