Archive for August 2014

Reliable Income Protection for Doctors and Other Simple Financial Tips

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"You may not realize it immediately, but your practice doubles as your own small business. Sadly, your years in medical school probably haven’t trained you how to navigate the nuances of running one. Medical accountants, like the ones from MEDIQ Financial, can help keep your financial records neat, allowing you to clearly see how well your practice is doing. These professionals can also help you find special tax deductions for doctors, increasing the amount of money you bring home."

Proper Financial Planning for Doctors Help Bridge the Gap in Wages

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"A smart financial planner can also help you achieve accurate medical accounting. This is an undoubtedly nifty service to have when tax day draws near. These professionals can also help you identify substantial tax deductions, allowing you to keep even more of your hard-earned money. In terms of finances, being smart with your money is far more important than the amount that you earn. You undoubtedly have big financial goals, and a financial planner can help you achieve them. After all the hard work you’ve put into becoming a doctor, you definitely deserve that much."

Medical Accountants in Melbourne Help Prep Doctors for Retirement

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"This is why it is better for doctors to contact reliable medical accountants to do their paperwork for them. Accountants like those associated with MEDIQ Financial Services can help doctors save time and money. They can also help the medical professional expand his reach and save up for his retirement years. As the Australian government is bound to tighten up everyone’s financial belts, it is important for doctors to start preparing for their golden years. Calling a medical accountant service is the first step to a stable life after hanging the doctor’s coat."

Making Sense of your Taxes via Accountants for Doctors in Melbourne

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"Going the superannuation fund route may result in a lighter tax liability. Bryan states that pre-tax income contributions to the super only reap a 15% rate, but a 30% tax awaits doctors reaping at least $300,000. The super itself may be convertible into a pension fund provided that the doctor retires in their 60s; any properties bought under the super up to retirement will also be tax-free. When you are getting ready for yearly duels with the Taxation Office about your numbers but have your hands full with cases, it can break you before long. Reputable accountants for doctors such as MEDIQ will take that burden off your hands."

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