The End of the Financial Year Is Here. Time to Plan for 2024!
As Medical practice owners you often get so involved in the day to running of your practices that you often forget to plan and set goals. We all know we should do it. But other things just get in the way. As a leader you have one job. Create a vision. Then sell it to […]
What is the Biggest Business Killer? It is Taxes!
As you know I talk a lot about how to manage money. I also talk about how I manage my own and my business money. But business money management is an art. Even magic. To some it is like Harry Potter’s wand. To some the magic never works (Ron Weasley) and to others they are […]
What’s Better – Cashflow or profit?
Accountants love profits. Business owners love cash accounting or what I call bank balance accounting. That’s because accountants can confuse their clients and use complex words. It makes them sound sophisticated and educated. Special even. But to their client’s bank (cash) balance accounting makes more sense and you understand it. Profit is theory. You can’t […]
Superannuation – Is It Just a Tax Grab?
Yep. It is. Its bloody Stupid too. Yeah, I know I shouldn’t say so but I will because that is what it is. But I have a real problem with Superannuation. It is a great tax vehicle. Any plan that allows 0% tax rates must never been scoffed at. But boy is it annoying. Frustrating […]
Success Means 3 Things
Content Area
Payroll Tax is a Disaster for Practice Owners …. And for Contractor Doctors!
FYI – we are holding a payroll tax webinar on 21 June 2023. Watch out for the email invite if you want to join which you should receive in the next week or so. It’s a disaster! Actually, it’s not. But considering everyone in the medical industry (the AMA, RACGP, Practice owners and yes we […]
No Nonsense Budget Summary For Medical Professionals
THE PASSPORT TO WEALTH & REAL FINANCIAL FREEDOM THE PASSPORT TO WEALTH & REAL FINANCIAL FREEDOM (AVAILABLE IN HARD COPY AND EBOOK FORMAT)In this information rich book, author Hitesh Mohanlal Why Medical professionals struggle to create significant wealth or financial freedom despite earning large incomes. The 3 key areas you must have to create wealth […]
Payroll Tax …. You Were Duped!
You will have noticed I have been a bit quite on Payroll Taxes for Medical Practices. You will also know if you read this blog often that when payroll taxes become a topic I said that it will be payable. Yes do your basic reviews but the law clearly states payroll taxes are due by […]
Leaders – Walk the Talk!
What is a definition of a leader? And why is it that leaders are successful in the short term but fail in the long term? I get asked the question of a definition lot by medical professionals running a medical business. There are many definitions. None of which will help you be a real leader. […]
You Are Owed $45Bn
Actually, it doesn’t. But in a way it does. I mean can you imagine the smile on my face if all of a sudden I saw $45Bn in my bank account? Can you imagine your face? It’s the amount of money owed to the ATO from taxpayers and that is why it is relevant to […]