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Locum work – setting yourself up

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Many doctors at some stage in their career take up the opportunity to do locum work. It involves working at different hospitals for short periods of time, and can provide flexibility and higher hourly rates. There are different ways to get paid as a locum doctor, including working as a visiting medical officer or going through a locum agency. 

However, taxation and GST are important considerations for locum work, as doctors may need to register for GST and manage their own tax obligations. The Bongiorno Group’s Director Mitch McKeown and Consultant Matt Homewood discuss those issues and what expenses can and can’t be deductible.

You’ve been listening to The Money Doctors, proudly brought to you by leading financial services organisation the Bongiorno Group, the preferred tax and accounting partner for the Australian Medical Association Victoria and the Australian Dental Association Victorian Branch.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/ 

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.

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