It’s been an interesting few months in the medical sector in both Victoria and federally regarding rulings to payroll tax. Interpretations between state and federal commissioners have everyone scratching their heads. What does it all mean for those in private practice? What do you need to know to ensure you don’t trip up on these new changes? To discuss the issue is Alexandra Phillips, Senior Associate at law firm Fletcher Clarendon, and Jim Tsirtsakis, Director at the Bongiorno Group.

Fletcher Clarendon
https://www.fletcherclarendon.com.au/

Bongiorno Group
https://bongiorno.com.au/
03 9863 3111

The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals. 

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.

It’s been an interesting few months in the medical sector in both Victoria and federally regarding rulings to payroll tax. Interpretations between state and federal commissioners have everyone scratching their heads. What does it all mean for those in private practice? What do you need to know to ensure you don’t trip up on these new changes? To discuss the issue is Alexandra Phillips, Senior Associate at law firm Fletcher Clarendon, and Jim Tsirtsakis, Director at the Bongiorno Group.
Fletcher Clarendon <a href="https://www.fletcherclarendon.com.au/">https://www.fletcherclarendon.com.au/</a> 
Bongiorno Group <a href="https://bongiorno.com.au/">https://bongiorno.com.au/</a>  03 9863 3111
The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group – the preferred choice for medical and dental professionals. 
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 Money Doctors offers conversations on financial wealth and money matters for Australian medical and dental professionals.

This podcast is proudly brought to you by leading financial services organisation the Bongiorno Group.

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.

The Money Doctors offers conversations on financial wealth and money matters for Australian medical and dental professionals.
This podcast is proudly brought to you by leading financial services organisation the Bongiorno Group.
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.

The Money Doctors

The Money Doctors offers conversations on financial wealth and money matters for Australian medical and dental professionals. 

This podcast is proudly brought to you by leading financial services organisation the Bongiorno Group. 

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.

The Money Doctors offers conversations on financial wealth and money matters for Australian medical and dental professionals. 
This podcast is proudly brought to you by leading financial services organisation the Bongiorno Group. 
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.

Payroll tax Pt1: An ever-changing landscape

Financial planning is not complete without assessing your risk cover. Ricky Caldow and Mitch McKeown continue their discussion on end-of-year planning by focusing on insurances. As life circumstances change — such as earning more, acquiring assets, and growing families — ensure income protection and life insurance reflect your current needs. Goal-setting, sharing ambitions with advisors, and staying accountable can significantly enhance financial security and personal growth.

The Money Doctors is 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.

Financial planning is not complete without assessing your risk cover. Ricky Caldow and Mitch McKeown continue their discussion on end-of-year planning by focusing on insurances. As life circumstances change — such as earning more, acquiring assets, and growing families — ensure income protection and life insurance reflect your current needs. Goal-setting, sharing ambitions with advisors, and staying accountable can significantly enhance financial security and personal growth.
The Money Doctors is 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 <a href="https://bongiorno.com.au/">https://bongiorno.com.au/</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.

End-of-year planning: Part 2

As 2024 draws to a close, now’s the time to think about getting your financial house in order for 2025 and beyond. Ricky Caldow and Mitch McKeown, Directors at the Bongiorno Group, highlight the importance of reviewing your financial performance, focusing on expenses, tax, cash flow, and investments.

Cashflow analysis — or budgeting — is key to wealth creation. Planning for tax efficiency, understanding loan structures, and reducing non-deductible debt are essential strategies for improving financial health. Engage professionals for tax and financial advice, ensuring that your financial decisions are aligned with long-term wealth creation goals, rather than just immediate concerns.

The Money Doctors is 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.

As 2024 draws to a close, now’s the time to think about getting your financial house in order for 2025 and beyond. Ricky Caldow and Mitch McKeown, Directors at the Bongiorno Group, highlight the importance of reviewing your financial performance, focusing on expenses, tax, cash flow, and investments.
Cashflow analysis — or budgeting — is key to wealth creation. Planning for tax efficiency, understanding loan structures, and reducing non-deductible debt are essential strategies for improving financial health. Engage professionals for tax and financial advice, ensuring that your financial decisions are aligned with long-term wealth creation goals, rather than just immediate concerns.
The Money Doctors is 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 <a href="https://bongiorno.com.au/">https://bongiorno.com.au/</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.

End-of-year planning: Part 1

The 2025 enterprise bargaining process for public health doctors in Victoria will begin in mid-2025, with preparations starting early in the year to ensure completion by the end of 2025. 

Key challenges include engaging doctors to actively participate and ensuring strong representation through AMA and/or ASMOV membership.

Non-members often lack a voice, impacting outcomes, according to AMA Victoria’s Senior Workplace Relations Advisor John Ryan. He joins the Bongiorno Group’s Anneliese Shortt to examine the critical issues involve addressing unresolved matters from a pending ministerial review and advocating for pay increases.

The Money Doctors is 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.

The 2025 enterprise bargaining process for public health doctors in Victoria will begin in mid-2025, with preparations starting early in the year to ensure completion by the end of 2025. 
Key challenges include engaging doctors to actively participate and ensuring strong representation through AMA and/or ASMOV membership.
Non-members often lack a voice, impacting outcomes, according to AMA Victoria’s Senior Workplace Relations Advisor John Ryan. He joins the Bongiorno Group’s Anneliese Shortt to examine the critical issues involve addressing unresolved matters from a pending ministerial review and advocating for pay increases.
The Money Doctors is 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 <a href="https://bongiorno.com.au/">https://bongiorno.com.au/</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.

Payroll tax Pt1: An ever-changing landscape

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