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 Director Chris Waples and Director Adam McCann, who discuss the important financial and tax implications for holiday homes. While holiday homes can offer lifestyle benefits, they shouldn’t be viewed purely as investment assets.

MORE INFORMATION

BARTONS
https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit https://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

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 Director Chris Waples and Director Adam McCann, who discuss the important financial and tax implications for holiday homes. While holiday homes can offer lifestyle benefits, they shouldn’t be viewed purely as investment assets.
MORE INFORMATION
BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a> 
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit <a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a> 
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Key Considerations for Buying a Holiday Home

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 associated with novated leases to help medical professionals make informed decisions about acquiring a new vehicle.

BARTONS https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit https://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

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 associated with novated leases to help medical professionals make informed decisions about acquiring a new vehicle.
BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a> 
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit <a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a> 
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Novated leases for vehicles – are they worth it?

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 Operations and Lending Manager Paul Luders. They also examine “rent-vesting”, specialising loans for medical professionals, and why property investment should be viewed as a long-term strategy.

BARTONS https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit https://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

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 Operations and Lending Manager Paul Luders. They also examine “rent-vesting”, specialising loans for medical professionals, and why property investment should be viewed as a long-term strategy.
BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a>
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit <a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a>
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Investment Property versus Owner Occupier (Rentvesting)

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 Advisor at Bartons.

A holistic service contrasts with standard bank evaluations, which focus solely on occupation, income, and savings. The team at Bartons emphasise the significance of structuring loans to maximise both flexibility and tax-deductible debt, strategies often overlooked by regular banks, but essential for long-term financial planning and property investment.

BARTONS https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visithttps://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

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 Advisor at Bartons.
A holistic service contrasts with standard bank evaluations, which focus solely on occupation, income, and savings. The team at Bartons emphasise the significance of structuring loans to maximise both flexibility and tax-deductible debt, strategies often overlooked by regular banks, but essential for long-term financial planning and property investment.
BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a>
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit<a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a>
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Applying for a Home Loan – thoughts 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 the nuances of Super SA and managing tax implications with super in general.

They also explain how medical professionals can leverage spousal accounts to double the contribution cap, optimising tax benefits and ensuring efficient wealth accumulation for both partners.

BARTONS
https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.



Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit https://www.bartons.com.au/contact/



This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product

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 the nuances of Super SA and managing tax implications with super in general.
They also explain how medical professionals can leverage spousal accounts to double the contribution cap, optimising tax benefits and ensuring efficient wealth accumulation for both partners.
BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a>
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
 
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit <a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a> 
 
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product

Super SA - Triple S: A Guide for Doctors

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 Adam McCann.

Medical practices and individual practitioners should review their arrangements and seek professional advice to ensure compliance with payroll tax regulations. By understanding the nuances of payroll tax rules and implementing proper structures, medical professionals can mitigate risks and focus on providing quality patient care.

BARTONS 
https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit https://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

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 Adam McCann. Medical practices and individual practitioners should review their arrangements and seek professional advice to ensure compliance with payroll tax regulations. By understanding the nuances of payroll tax rules and implementing proper structures, medical professionals can mitigate risks and focus on providing quality patient care. BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a> 
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors. Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit <a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a> This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Alert – Payroll Tax Update for Medical Practitioners

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 have some level of coverage through their superannuation funds, such as SuperSA. This coverage, however, is often insufficient, especially for those with private income streams or longer duration disability.

Adam McCann, Director at Bartons, and Teagan Loveridge, Provisional Financial Advisor at Bartons discuss different options and recent legislative changes in insurance policies.

BARTONS https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit https://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

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 have some level of coverage through their superannuation funds, such as SuperSA. This coverage, however, is often insufficient, especially for those with private income streams or longer duration disability.
Adam McCann, Director at Bartons, and Teagan Loveridge, Provisional Financial Advisor at Bartons discuss different options and recent legislative changes in insurance policies.
BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a>
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit <a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a>
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Insuring your $15 million asset - Income Protection for Doctors

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 increasing the tax on super contributions for high earners to 30%, it aims to balance the tax benefits across income brackets.

Matt Baczyk, Senior Manager in Barton’s Business Advisory and Tax team, and Adrian Guarino, Head of Strategic Advice and Senior Financial Advisor at Bartons, discuss strategies to effectively manage the impact of Division 293.

BARTONS 
https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit https://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

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 increasing the tax on super contributions for high earners to 30%, it aims to balance the tax benefits across income brackets.
Matt Baczyk, Senior Manager in Barton’s Business Advisory and Tax team, and Adrian Guarino, Head of Strategic Advice and Senior Financial Advisor at Bartons, discuss strategies to effectively manage the impact of Division 293.
BARTONS  <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a>
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit <a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a>
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

The dreaded Division 293 tax

Healthcare is being revolutionised by the rapid growth of AI technologies, particularly generative AI like ChatGPT. The automation of routine administrative tasks is allowing healthcare professionals to focus more on patient care. That’s according to Chris Foster-McBride, CEO of AI start-up Digital Human Assistants.

Chris’s career began in hospital operations and the UK health system before transitioning to data analytics and AI, leading to the founding of three AI startups. 

He discusses with Adam McCann, Director at Bartons, the increasing role AI will have in the medical profession. 

MORE INFORMATION

'Expert guidance on governance of the evolving AI technology', Australian Institute of Company Directors: 
https://www.aicd.com.au/innovative-technology/digital-business/artificial-intelligence/expert-guidance-on-governance-of-the-evolving-ai-technology.htm

Digital Human Assistants
https://www.digitalhumanassistants.io/

BARTONS
https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit https://www.bartons.com.au/contact/

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Healthcare is being revolutionised by the rapid growth of AI technologies, particularly generative AI like ChatGPT. The automation of routine administrative tasks is allowing healthcare professionals to focus more on patient care. That’s according to Chris Foster-McBride, CEO of AI start-up Digital Human Assistants.
Chris’s career began in hospital operations and the UK health system before transitioning to data analytics and AI, leading to the founding of three AI startups. 
He discusses with Adam McCann, Director at Bartons, the increasing role AI will have in the medical profession. 
MORE INFORMATION
'Expert guidance on governance of the evolving AI technology', Australian Institute of Company Directors: <a href="https://www.aicd.com.au/innovative-technology/digital-business/artificial-intelligence/expert-guidance-on-governance-of-the-evolving-ai-technology.html">https://www.aicd.com.au/innovative-technology/digital-business/artificial-intelligence/expert-guidance-on-governance-of-the-evolving-ai-technology.htm</a>
Digital Human Assistants <a href="https://www.digitalhumanassistants.io/">https://www.digitalhumanassistants.io/</a>
BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a> 
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit <a href="https://www.bartons.com.au/contact/">https://www.bartons.com.au/contact/</a>
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

AI's Impact on the Medical Sector — Chris Foster-McBride

Not all debt is bad. In fact, a typical investment journey for a medical professional begins with the purchasing of property, which involves substantial debt. Often it leads to transitioning to an investment property later in their career.

Bartons’ Director Adam McCann and Senior Manager Matt Baczyk underscore the importance of structuring debt correctly, including utilising offset accounts, to maximize tax benefits and financial flexibility. Getting the structure right from the outset is crucial – and that means obtaining the right advice from your accountant.

BARTONS
https://www.bartons.com.au/

Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.

Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit bartons.com.au/contact 

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Not all debt is bad. In fact, a typical investment journey for a medical professional begins with the purchasing of property, which involves substantial debt. Often it leads to transitioning to an investment property later in their career.
Bartons’ Director Adam McCann and Senior Manager Matt Baczyk underscore the importance of structuring debt correctly, including utilising offset accounts, to maximize tax benefits and financial flexibility. Getting the structure right from the outset is crucial – and that means obtaining the right advice from your accountant.
BARTONS <a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a> 
Financial Clarity for Life is proudly brought to you by Bartons, Chartered Accountants and Wealth Advisors.
Bartons is offering you the opportunity for a 5-minute financial clarity call. Please visit bartons.com.au/contact 
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Good Debt (HDL) vs. Bad Debt (LDL)

Financial Clarity for Life is a podcast series for Australian medical and dental professionals on financial wealth and money matters. 

Proudly brought to you by leading Bartons, chartered accountants and wealth advisors based in Adelaide, the podcast aims to provide insights with all things financial, including accounting, planning, lending and everything in between. 

The general advice in this series has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Financial Clarity for Life is a podcast series for Australian medical and dental professionals on financial wealth and money matters. 
Proudly brought to you by leading Bartons, chartered accountants and wealth advisors based in Adelaide, the podcast aims to provide insights with all things financial, including accounting, planning, lending and everything in between. 
The general advice in this series has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

Financial Clarity for Life is a podcast series for Australian medical and dental professionals on financial wealth and money matters.

Financial Clarity for Life

Financial Clarity for Life is a podcast series for Australian medical and dental professionals on financial wealth and money matters. 

Proudly brought to you by leading Bartons, chartered accountants and wealth advisors based in Adelaide, the podcast aims to provide insights with all things financial, including accounting, planning, lending and everything in between. 

The general advice in this series has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.

ABOUT BARTONS

https://www.bartons.com.au/

Financial Clarity for Life is a podcast series for Australian medical and dental professionals on financial wealth and money matters. 
Proudly brought to you by leading Bartons, chartered accountants and wealth advisors based in Adelaide, the podcast aims to provide insights with all things financial, including accounting, planning, lending and everything in between. 
The general advice in this series has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.
ABOUT BARTONS
<a href="https://www.bartons.com.au/">https://www.bartons.com.au/</a>

Financial Clarity for Life

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