Director Penalty Notices – Not Nice
[vc_row][vc_column][vc_column_text]As we all know the ATO became all warm and gooey during Covid. But a leopard cannot change it spots and so there is an expectation that the ATO is likely to return to its cold self. Small business owe a lot of debt to the ATO. Some estimate that $15Bn is overdue so we […]
Yippee – The New Skills and Technology Boost – But there’s a Catch… or two!
[vc_row][vc_column][vc_column_text]We, accountants, love budget time. There are often new rules which excite us and we get to display graphs and diagrams and tell people they are better off by $7 a week (how do they work that out and who cares about $7 a week anyway)! But often there is the odd spanner in the […]
Government Covid Loans – They are Still Out There!
[vc_row][vc_column][vc_column_text]Covid has not left us. It might not scare us as much and it no longer front-page news but it is still out there. As a medical professional you probably don’t need reminding. Most of the business incentives have gone too. JobKeeper kept many medical businesses alive and grants were taken up at world record […]
Wealth, Hours Worked and Freedom
Doctors hate talking about money. They also want time freedom. But they hate talking about that too. And they all want the holy grail that is financial freedom. But they do not know where to start with that. At least that’s my experience. But this makes total logical sense. Most medical professionals are dedicated to […]
3 Ways to Increase Practice Value
In many ways, Covid19 brought a lot of opportunities but also brought massive change to an industry that had not experienced much change in a generation. This made the last 2 years quite difficult. Many practices have realised that bulk bulking is no longer a business model that works. New MBS items, vaccination that take […]
What We Think We Want – We Don’t
As many of you know from an earlier blog that I had a heart attack recently. As a result, I spent 10 days in the hospital. The first 3 days I was in ICU so had no idea what was happening outside my room. It was a bit like being in prison except I was […]
Want to Buy a Home? Ask Scomo or Albo to Cough Up
I have a team in the Philippines. And last week they had to decide who they wanted their president to be in a General Election. They had 2 choices. If you are old enough to remember Ferdinand Marcos (Snr) you will know that as President of the Philippines he stole an estimated $10Bn from the […]
Solve a $50,000 Problem by Not Going to the Hairdresser.
Okay, so that got your attention. But there is some logic to the title. You see, most medical professionals who do not run a medical practice think that medical practices make a pot load of money. Reality is some do. But most make average incomes at best. This means that it is not unusual for […]
Health Insurance – A Minefield and its Costly
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Earnings Do Not Equal Wealth & Assets are not ‘Assets’ Just Ask Nicolas Cage
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