coffee & chat
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 […]
29 October 2024
Be wary of “Finfluencers”! — by bongiorno group
The rise of “finfluencers”— individuals providing financial advice on social media platforms such as TikTok, Facebook, and podcasts — has led to significant concern, particularly in Australia. Many of these people are not licensed to provide financial advice, yet their followers often act on their suggestions, sometimes with dire consequences. Vanessa Smith and Nick […]
22 October 2024
What kinds of donations can you claim in your tax return? — by bongiorno group
At tax time, your accountant will ask you if you’ve donated anything to a charity. Why? Because it could be claimed as a tax deduction. But not all donations are deductible. The Bongiorno Group’s Tax Manager Chantelle Turner and Director Nick Fennessy explain that to claim a deduction, the charity must be a Deductible Gift […]
15 October 2024
How Underwriting Shapes Your Life Insurance Policy — by bongiorno group
Underwriting is the process insurers use to assess an individual’s risk in order to determine whether to offer coverage, under what terms, and at what premium rate. It involves evaluating factors like health, lifestyle, occupation, and financial situation to gauge the likelihood of a claim being made. Liz Burke, Victoria Underwriting Chapter Lead at […]
8 October 2024
Is an SMSF right for you? — by bongiorno group
Many people who want more hands-on control over their investments and their retirement are opting for a self-managed super fund (SMSF). It allows you to choose assets like property and manage your retirement savings directly. But, establishing and maintaining an SMSF involves significant costs and ongoing compliance. Vanessa Smith, Director at the Bongiorno Group, […]
1 October 2024
Preparing your own practice — Part 2 — by bongiorno group
When setting up a business, it is crucial to separate personal and business expenses by establishing a dedicated business account. This ensures financial clarity, especially when managing software, hardware, and other business-related expenses. Ricky Caldow and Mitch McKeown, both Directors at the Bongiorno Group, continue their discussion on setting up a private practice. […]
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