Tax Deductions – Facts & Myths for Medical Professionals

The team at Bartons are often approached with common (and sometimes uncommon) tax-related questions that arise from high-income clients, especially medical professionals. Madison Vizzari, Assistant Manager in Bartons’ Accounting Team, and Matt Baczyk, Bartons’ Senior Manager, discuss some of the fr…

Helping your Children to buy their First Home

With housing prices at historic levels and interest rates stubbornly high, it’s become increasingly difficult for young people to get their toe into the housing market. Is it worth their parents putting their hands in their pockets to help out? Bartons Director Adam McCann explores the issue with M…

Key Considerations for Buying a Holiday Home

Many people dream of owning a weekend getaway, often by the sea or in the countryside, once they have secured their finances and have surplus income. When buying a lifestyle property, it is crucial to balance emotional desires with practical considerations. That’s according to Bartons Managing Dir…

Novated leases for vehicles – are they worth it?

Medical professionals who are considering a novated lease for a vehicle because of its flexibility and tax benefits, need to be aware of the potential drawbacks they could bring. Adam McCann, Director at Bartons, and Matt Baczyk, Chartered Accountant and Senior Manager, explore the finer details a…

Investment Property versus Owner Occupier (Rentvesting)

The price of property, particularly in the capital cities, has made it increasingly tough for first home buyers to get their foot in the door. An alternative to purchasing a property to live in is buying an investment property. To discuss the alternative is Bartons’ Director Adam McCann and Oper…

Applying for a Home Loan – thoughts for Doctors

When it comes to young Doctors entering the property market, it’s worth having an integrated approach, combining accounting, financial planning, and lending services to optimise financial outcomes. That’s according to Adam McCann, Director at Bartons, and Teagan Loveridge, Provisional Financial Ad…

Super SA - Triple S: A Guide for Doctors

Super SA is the default superannuation scheme for public sector workers in South Australia, offering distinct advantages over traditional super funds. Unlike public offer funds, Super SA provides flexibility in concessional contributions. Bartons' directors Adam McCann and Adrian Guarino discuss th…

Alert – Payroll Tax Update for Medical Practitioners

Since late 2023, uncertainty has loomed over the medical profession regarding the application of payroll tax to medical practitioners. While general practitioners have received considerable attention, specialists have also been impacted, according to Bartons’ senior manager Matt Baczyk and director…

Insuring your $15 million asset - Income Protection for Doctors

While people often consider their tangible assets, such as homes or savings, their most valuable asset is actually their earning potential over their working life. And so, it’s worth protecting yourself from injury or illness with income protection insurance. Many medical professionals may already…

The dreaded Division 293 tax

High-income earners need to be aware of an extra levy imposed on their superannuation contributions. The government introduced Division 293 tax to ensure that high-income earners don't enjoy disproportionate tax benefits from their super contributions compared with lower-income earners. By increasi…