On this guest episode, we talk to Anthony Payne, a financial and tax consultant with DPM Financial about some of the financial changes we will face transitioning from being a registrar to fellowship and consultancy.
Some of the topics we cover include:
- Transitioning from employee to sole trader, and the implications on this for Tax, Super, Insurances and Leave.
- What an ABN is and why you need it
- GST as a sole trader and what you need to know
- The typical financial set-ups of private practice including setting up your own rooms or joining an existing group
- Legal and financial aspects of setting up your own private group and how to get it right from the get-go.
- A variety of different strategies to minimise your tax
And so much more!
Anthony Pane obviously has significant experience and expertise helping doctors manage their finances and transition through all stages of their careers. If you want to learn more or reach out for an obligation-free appointment you can find them on their website dpm.com.au.
Disclaimer
The information discussed in this episode is of a general nature and is not intended to serve as individual advice. The views and opinions expressed are the views of DPM and not First Incision. DPM Financial services recommends you obtain advice concerning specific matters before making any decisions.
The information in this podcast is intended as a revision aid for the purposes of the General Surgery Fellowship Exam. This information is not to be considered to include any recommendations or medical advice by the author or publisher or any other person. The listener should conduct and rely upon their own independent analysis of the information in this document.
The author provides no guarantees or assurances in relation to any connection between the content of this podcast and the general surgical fellowship exam. No responsibility or liability is accepted by the author in relation to the performance of any person in the exam. This podcast is not a substitute for candidates undertaking their own preparations for the exam.
To the maximum extent permitted by law, no responsibility or liability is accepted by the author or publisher or any other person as to the adequacy, accuracy, correctness, completeness or reasonableness of this information, including any statements or information provided by third parties and reproduced or referred to in this document.
To the maximum extent permitted by law, no responsibility for any errors in or omissions from this document, whether arising out of negligence or otherwise, is accepted.
The information contained in this podcast has not been independently verified.
© Amanda Nikolic 2023