coffee & chat
11 February 2025
How to talk money with your kids — by bongiorno group
If you want to set your kids up for a strong financial future, teaching them about money early on is key. Bongiorno Group Directors, Vanessa Smith and Nick Fennessy, insist its beneficial to have money conversations as soon as possible, by explaining how money is earned, spent, and saved in simple terms. Help them […]
4 February 2025
Burnout warning signs and how to catch them early — by bongiorno group
Burnout is particularly common among medical professionals, and it arises from chronic stress often from the workplace, financially, or from relationships. Its symptoms include exhaustion, negativity, cynicism, and decreased efficacy in tasks. Doctors face heightened risks due to high workloads and financial pressures, often ignoring early signs like fatigue, poor sleep, and detachment. But, […]
21 January 2025
What they don’t teach you at medical school — by bongiorno group
One thing lacking in a medical student’s curriculum is financial education. That’s where the Bongiorno Group has stepped in to provide students crucial financial knowledge such as salary packaging, tax management, and wealth planning. Each year, Matt Homewood and Nicolas Pereira present to graduates across different medical colleges to help young doctors starting their careers, […]
14 January 2025
Understanding tax residency and foreign income taxation — by bongiorno group
Tax residency is crucial for understanding Australian tax obligations, especially for individuals with foreign income or assets. Australian residents are taxed on worldwide income, including foreign income, with credits available for taxes paid overseas under double tax agreements. The Bongiorno Group’s Tax Manager Chantelle Turner and Director Nick Fennessy explain the four tests which assess […]
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 […]
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