Blog

August 11, 2017 by Medvisor
AccountantBusinessFinance

A Brief on Accountancy for Medical GP Practices

Running a successful medical practice is highly demanding. With ever changing tax legislation, the medical profession is one of the most complex forms in terms of accountancy. Therefore, it becomes vital to consult a GP Accountant for medical practices, as they have in-depth knowledge of this sector.Most of GP Accountants are self-employed and run their own practices or are a part of a larger group. This means that they are rewarded substantially through profit share, including dividends from ...read more

July 24, 2017 by Medvisor
AccountantBusinessBusiness Planner

5 Reasons Why Dentists in Melbourne Need Accountants

Professional dental accountants can aid dentists to manage their financial affairs more effectively – giving you a peace of mind that you are getting at the best out of a career, which can be hard work at most of the times.Accounting for dentists can be much more multifaceted than general accountancy, with industry-specific issues that add to the list of personal finance questions, as well as the questions that any individual might bring in.By working with specialist dental accountants ...read more

July 17, 2017 by Medvisor
AccountantBusinessFinance

Is Your Hobby Income Deductible As Tax?

Ever wondered if your hobby income could be deductible as tax? This is some important information you need to know. Hobby is anything extra we do in our spare time. We all have certain hobbies, and some of us are so involved in it that it becomes difficult to distinguish if it’s a mere hobby, or business.It's important to understand the differences between a hobby and a business for tax, insurance and legal purposes.Some key questions to consider include: Is the activity being und ...read more

July 6, 2017 by Medvisor
AccountantBusinessBusiness PlannerFinance

Have A Long Term Goal? Financial Advisors Can Help You Get You There

After years of lurching in financial disturbances caused by recession and financial crisis, the world is, once again, looking to the future. The renewed confidence has many people looking forward for their long term goals that, just a few years ago, appeared out of reach. However, as people have already learnt, simply having a long-term goal, irrespective of being an early retirement or a college education plan for your children, is never enough.A financial objective is a life destination th ...read more

June 30, 2017 by Medvisor
Finance

Guidelines To Find The Best GP Practice Accountants

A GP (General Practitioner) Accountant can help ensure that you have an effective financial management in place and that you are complying with the relevant tax and meeting the reporting deadlines.Some of their duties are mentioned below: Preparation of annual partnership accounts Preparation of annual personal income and expense statements Preparation of partnership and personal tax incomes Preparation of retirement certificates Advice regarding new and retiring partners ...read more

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