Financial tips and updates for medical professionals
It’s no secret that technology and innovation is on the rise on a global scale.
This movement has influenced its way through from big business and is heavily impacting the operation of medical practices.
The year is certainly flying by! With the end of financial year fast approaching, it is important now more than ever to consider your Practice, Tax and Superannuation strategies.
In this issue, we have focused heavily on Artificial intelligence (AI) and its impact on the medical industry.
One of the biggest changes proposed by the Government to be carried out from 1 July 2017 is to implement a measure limiting the amount members can ‘transfer’ from their balance into pension phase.
The last six months have seen significant changes to the Superannuation System and this has created some uncertainty. In our last edition, we addressed the changes announced as part of the Federal Budget released in May 2016.
With investment returns on cash savings being eroded by falling interest rates, many medical professionals have sought higher yields in traditional bluechip investment such as banks.
Having the correct financial structure in place is arguably the single most important element in the accumulation and preservation of your wealth. This isn’t hyperbole; it’s a plain and simple fact.