A do-it-yourself approach to managing your financial matters is tempting. But, for the uninitiated, you don’t know what you don’t know, and financial decisions, such as choosing home loans and insurance policies, are more intricate than they appear on the surface. Doing it yourself could lead to a misdiagnosis, according to Ricky Caldow and Mitch McKeown, Directors at the Bongiorno Group.

Just as a non-medical person should consult a GP for medical issues, consulting a professional for financial matters is crucial. Obtaining advice early on can prevent costly mistakes and complications later.

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.

See omnystudio.com/listener for privacy information.

Some people still collect paper receipts, which can be hard to systemise and maintain over several years. Digital bookkeeping, on the other hand, enables real-time access to financial data, allowing you to collaborate more effectively with your accountant.

The Bongiorno Group’s Tax Manager David Lay and Director Nick Fennessy discuss the benefits of digital bookkeeping, including unfaded, reliable records, easy third-party access, and the ability to generate various reports like profit and loss statements.

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.

See omnystudio.com/listener for privacy information.

High incidences of serious illness in Australia highlights the need for trauma insurance which offers critical financial support during severe illnesses, providing peace of mind and stability for affected individuals and their families.

Steven Jurcec at ClearView Wealth Limited joins the Bongiorno Group’s Tom Will and Yanish Geerdharry to discuss the important features of trauma policy options.

The appropriate level of trauma cover depends on individual needs and circumstances. This includes considering medical expenses, fixed costs like mortgage and education, and how it complements other insurance policies.

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.

See omnystudio.com/listener for privacy information.

If you want to avoid costly mistakes and ensure optimal financial management, it’s essential that you get the proper professional support. Evidence from the Australian Tax Office indicates that clients of professional firms — like the Bongiorno Group — claim two and a half times more than those who file their taxes independently.

The Bongiorno Group’s Directors Ricky Caldow and Mitch McKeown explain how professional financial advisors are better equipped to navigate market risks and regulatory requirements, ensuring safer and more effective investment strategies.

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.

See omnystudio.com/listener for privacy information.

Investors are increasingly seeking to invest in companies which align with their personal values. By choosing funds that support ethical and sustainable practices, investors can ensure their money promotes positive social and environmental outcomes.

Environmental, Social, and Governance (ESG) is the framework used to assess a company's sustainability and ethical impact.

Vanessa Smith, Director at the Bongiorno Group, discusses how ESG investment options do not necessarily mean sacrificing financial returns.

In fact, some ESG funds have shown higher performance compared to their non-ESG counterparts, indicating that ethical investing can also be financially rewarding.

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.

See omnystudio.com/listener for privacy information.

If you were expecting a tax refund, but find yourself with having to pay extra tax on your tax return, there could be several reasons why.

Chantelle Turner, Tax Manager at the Bongiorno Group, and Financial Consultant Matt Homewood, address the common misconceptions and challenges surrounding tax returns.

Even if you have a similar job to your colleagues, your tax situation can be very different due to factors like work hours, penalty rates, HECS/HELP debts, salary packaging, and overtime.

Salary packaging, in particular, often leads to unexpected tax payables due to the difference between taxable income and adjusted taxable income.

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.

See omnystudio.com/listener for privacy information.

The Bongiorno Group’s Directors, Ricky Caldow and Mitch McKeown, continue with their line-by-line rundown of what you can and can’t claim in your tax return. In part 2, they cover conferences, donations, superannuation, and one of the more confusing items: “other”.

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.

See omnystudio.com/listener for privacy information.

Tax time is fast approaching, and the perennial question asked of accountants around the country is: “What deductions am I entitled to?”

The Bongiorno Group’s Directors, Ricky Caldow and Mitch McKeown, go through each item, line-by-line, specifically addressing deductions of medical professionals.

In this first of two episodes, Ricky and Mitch focus on work-related travel, clothing, and self-education.

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.

See omnystudio.com/listener for privacy information.