WARNING: Land Tax On Family Home!
27 Aug

Working from home isn’t new, but in recent years it’s become the norm for many Victorians. From accountants setting up in a spare room, to hairdressers running a salon out of the garage, or allied health professionals seeing clients from home — more and more people are blending business and home life. But this raises a tricky question: 

If part of your home is used for business, does that affect your land tax exemption on your principal place of residence (PPR)?... Read More…

Why Budgets Don't Work for Doctors and What To Do About it...
4 Aug

As a Doctor you  can earn a lot of money and that can sometimes give you a bit of a false sense of financial security. It’s totally normal to upgrade your lifestyle as your paycheck grows—something we call “lifestyle creep.” But the tricky part is that it can sneak up on you, making it tough to really keep control of your cash flow. Read More…

Legal Tax Loopholes to Avoid Tax on Super...When You Die
30 Jul

While super is a fantastic way to grow your money during your life, there’s a nasty little surprise that could hit when you die. And it’s got to do with who ends up with your super and how the tax rules treat them. Read More…

New Super Tax Nightmare
29 May

If Freddy Krueger ever swapped his bladed glove for a calculator, Section 296 might be his handywork. This proposed new "super tax" is targeting total superannuation balances over  $3 million with the same stealth and sting as a horror movie villain. Read More…

Forget the Federal Budget, Focus on Your Own
26 Mar

Now, I’ve gotta say, everyone’s all in a tizzy about the Federal Budget. Sure, it’s important. But here’s the kicker: The government can do what it likes, but your budget is where the real magic happens. Read More…

The Best Investment a Doctor Can Make
13 Mar

Many doctors who build wealth do so by running their own practices. They focus on making their practice a successful business, spend less than they earn, and save the difference. Over time, those investments grow and can outpace the practice itself, becoming the main source of cash flow and wealth. But it all starts with the practice. It’s the heart of the journey. Read More…