Anthony Pane

It is that time of year, again! As Christmas approaches, so do the invitations to the many parties; and with the parties come the gifts you’re obliged to buy. You will probably be buying for family and friends, but, what about your employees? Will you buy them a gift or throw a party for them? […]

Working as a locum doctor can be a hugely rewarding and versatile part of your career as a medical professional. However, there are certain financial aspects you should be aware of. We’ve put together a few questions and answers we think will be helpful in your journey as a locum doctor.  FAQS: What tax deductions […]

What is a Visiting Medical Officer (VMO)? A Visiting Medical Officer, also referred to as a VMO, is a medical practitioner in private practice who also provides medical services in a public hospital. VMOs are not hospital employees but are contracted by the Local Health District (LHD) to provide specific medical services in nominated health […]

Anthony Pane has been working in tax and accounting for over ten years. He specialises in working with doctors at different stages in their careers with an ethos of putting the client first every time.  In this podcast, Anthony will detail considerations you should be aware of when transitioning from being a registrar to fellowship […]

Managing Div 293 tax for doctors   Doctors coming to the end of training will be happy to see some reward for many years of hard work and study, being a jump in income. It is crucial to understand how such a jump can impact your tax.  For starters, everything you earn over $180k is […]

Removal of HECS-HELP fees for medical professionals working in rural towns   There have been several initiatives launched by Governments since the pandemic to boost the health resources within the Australian community. Whilst the impact of COVID on the healthcare system [still] rages on, demand for medical professionals in rural towns, specifically for GPs, are […]

The superannuation guarantee rate is currently slated to increase from the existing rate of 10% up to 12% by 2025, with the second increase in some 7 years set as +0.5% and coming into effect in this year. From 1 July 2022, employers need to adjust their employees superannuation to the rate of 10.5% of […]

As far as tax deductions in Australia go, including a claim for a motor vehicle is the most common in Australian taxpayer’s income tax returns. Importantly, it is also the deduction most people get wrong. This can lead to fines and penalties (as well as interest charges) levied upon you by the ATO in the […]

Since the advent of the COVID-19 pandemic, the number of doctors taking up locum shifts, including at COVID clinics, has increased. Many doctors are travelling from regular salaried positions at hospitals to other work that they can pick up either as an employee or under their ABN as a sole trader. Some doctors are taking […]

You’ve planned and secured an overseas fellowship but recently, as we all know, the Coronavirus pandemic has put a stop to all international, and a significant dent in many travel plans. When boarders do eventually re-open, there may still be an element of trepidation felt by travellers that would not have otherwise been. Many medical professionals […]

Congratulations! You are having a baby, one of life’s true joys, to ensure you get the most joy out of your finances during this tricky time, here are some tax considerations for doctors on parental leave you might like to consider  along with the costs associated of cot, pram, clothes, nappies and bottles! Tax and […]

The JobKeeper 2.0 extension Legislation has passed and with it, the ATO has issued its interpretation of the rules so business owners can understand the changes. Importantly, whilst some things change, some stay the same – in summary, these are: the meaning of an eligible employee; requirement of employers to meet the minimum wage condition; […]