coffee & chat
7 January 2025
Addressing GP shortage in the bush with Vic’s Single Employer Model — by bongiorno group
To address GP shortages, particularly in rural areas the Victorian Government is trialling a Single Employer Model (SEM) in 2025. Junior doctors can remain employed within the public health system while training as GPs or rural generalists, ensuring continuity of employment and entitlements like parental leave. John Ryan, Senior Workplace Relations Advisor with AMA […]
24 December 2024
End-of-year planning: Part 2 — by bongiorno group
Financial planning is not complete without assessing your risk cover. Ricky Caldow and Mitch McKeown continue their discussion on end-of-year planning by focusing on insurances. As life circumstances change — such as earning more, acquiring assets, and growing families — ensure income protection and life insurance reflect your current needs. Goal-setting, sharing ambitions with advisors, […]
17 December 2024
End-of-year planning: Part 1 — by bongiorno group
As 2024 draws to a close, now’s the time to think about getting your financial house in order for 2025 and beyond. Ricky Caldow and Mitch McKeown, Directors at the Bongiorno Group, highlight the importance of reviewing your financial performance, focusing on expenses, tax, cash flow, and investments. Cashflow analysis — or budgeting — […]
5 December 2024
Striving for fair outcomes in the 2025 EBA — by bongiorno group
The 2025 enterprise bargaining process for public health doctors in Victoria will begin in mid-2025, with preparations starting early in the year to ensure completion by the end of 2025. Key challenges include engaging doctors to actively participate and ensuring strong representation through AMA and/or ASMOV membership. Non-members often lack a voice, impacting […]
4 December 2024
The Impact of Payroll Tax Changes to Medical Professionals — by bongiorno group
Recent changes to payroll tax laws have brought increased scrutiny to medical practices, especially regarding payments to contractor GPs. Historically, many practices assumed exemptions due to their structure. However, judicial rulings, like the Optical Superstore case, and a stricter Victorian State Revenue Office (SRO) interpretation have clarified and enforced obligations. Victoria announced temporary relief […]
26 November 2024
Navigating Insurance Claims: From Eligibility to Payouts — by bongiorno group
Understanding insurance claims is crucial, as many medical professionals are unaware of their eligibility for benefits like income protection, trauma cover, and total and permanent disablement (TPD) insurance. That’s according to the Bongiorno Group’s Insurance Client Relationship Manager Helen Lloyd and Risk Adviser Tom Will. Professional guidance, they say, ensures claims are handled efficiently and […]
19 November 2024
The Case for Trusts Part 2: Overview & Business Trusts — by bongiorno group
Mitch McKeown and Ricky Caldow continue their discussion on trusts, focusing specifically on investment trusts and property trusts. Investment trusts are commonly used for asset ownership, offering benefits like tax efficiency and discretion in distributing profits. They can hold various assets such as shares, property, and ETFs, and allow distributions to be allocated to beneficiaries […]
12 November 2024
The Case for Trusts Part 1: Overview & Business Trusts — by bongiorno group
Trusts can offer tax benefits by distributing income across multiple beneficiaries, potentially lowering the overall tax liability, especially when assets are split among family members. While there are multiple types of trusts, each has unique features and applications. Ricky Caldow and Mitch McKeown, Directors at the Bongiorno Group, explain how trusts are valuable for […]
5 November 2024
Graduates: 3 simple rules to complete your tax return — by bongiorno group
One of the biggest expenses in a doctor’s career is tax, and so it’s crucial to understand how to manage it effectively. That’s according to Matt Homewood, Financial Consultant at the Bongiorno Group. In this episode he is joined by Nic Pereira, Accountant at the Bongiorno Group, who both insist it’s important to operate within […]
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