42 Minutes to Smarter Tax Moves Before EOFY 2025 | Ep. 29
Join 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors -----In this episode, we’re joined by Munzurul Khan, Principal, Founder and Chair of KHI Partners, one of Australia’s most trusted accounting and advisory firms for medical professionals specialising in tax planning, investment structuring, and strategic wealth advice for doctors across all career stages.Munzurul breaks down why most doctors are quietly overpaying tax each year without realising it, how missed timing, not missed deductions, is the real danger before June 30, and why good tax planning has less to do with your accountant and more to do with your actions now.He also explores when to prepay vs. delay, how to maximise super contributions without locking yourself out later, and the real cost of saying “yes” to tax-deductible expenses you didn’t actually need.If you want to stop giving away money to the ATO, make smarter EOFY decisions, and build a financial plan that aligns with your long-term goals as a doctor, then make sure to listen to this episode.-----TIME STAMPS:00:00 Hook/Intro01:21 Introduction of Guest01:45 Things you need to do before taking over the next Financial Year02:40 Deductions for Individual Tax Returns06:13 Investment Property and Deductions12:19 Superannuation Contributions and Strategies15:48 Legislative Changes and Future Planning20:31 Substantiation and Audit Preparation25:28 Timing and Permanent Differences in Tax Planning35:01 Continuous Tax Planning and Accountant Relationships38:07 Final Advice and Recommendations/Outro-----SHOW NOTES LINKShttps://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bihttps://www.linkedin.com/in/munzurul-khan-7ba6a318https://khipartners.com.au/----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
--------
42:39
Your Biggest Legal Risk Isn’t Malpractice, It’s THIS | Ep. 28
Join 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors -----In this episode, we’re joined by Justin Fung, General Manager and Head of Commercial and Corporate at Avant Law, one of Australia’s leading healthcare-focused law firms, designed to support doctors through every stage of their professional journey from setting up a practice to planning an exit.Justin breaks down why malpractice isn’t the legal risk that catches most doctors off guard, how lease terms, business structures, and partnership agreements can quietly cost you six figures, and what a healthcare-savvy lawyer can offer that a generalist simply can’t.He also explores how to approach practice sales the right way, why employment disputes are becoming more common for doctors in private practice, and how to find a legal partner who understands the medical landscape and can grow with your business.If you want to protect your practice, avoid preventable legal mistakes, and build a future-ready medical business with confidence, then make sure to listen to this episode.-----TIME STAMPS:00:00 Hook/Intro01:51 Justin’s Background – Who is Avant Law and How Do They Help Doctors?05:41 Process of Becoming a Lawyer12:24 Difference Between a Commercial Lawyer and Corporate Lawyer15:21 Understanding Employment Law17:32 Other Branches of Commercial Law20:20 How Lawyers Assist Doctors with Personal Legal Issues23:23 Common Family Law Issues and the Role of Lawyers25:43 Criminal Law and Its Implications for Doctors27:34 Other Specialised Areas in Corporate and Commercial Law29:02 Differences Between Tax Lawyers and Accountants30:40 Attorney-Client Privilege and Confidentiality32:49 Summary of the Different Branches of Law33:12 How to Choose the Right Lawyer36:45 Exclusive benefits for Avant members42:00 Conclusion/Outro-----SHOW NOTES LINKShttps://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bihttps://www.linkedin.com/in/justin-fung-53a9647b/https://avant.org.au/law-----LISTEN TO THE PODCASTSpotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast -----FIND US HEREWebsite: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors -----DISCLAIMERThe information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
--------
45:40
Should Doctors Use Super to Buy Property? What You Need to Know About SMSFs | Ep. 27
Join 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors -----In this episode, we’re once again joined by Nafees Huda, Chartered Accountant and Partner at KHI Partners,alongside financial expert Roger Wheelahan from Smart Start Financial, back together to demystify one of the most powerful (and misunderstood) tools in a doctor’s investment toolkit: the self-managed super fund (SMSF).They break down why so many doctors rush into SMSFs without a clear plan, what a properly structured SMSF actually looks like, and how to invest in property through super without triggering tax or compliance headaches.They also explore how doctors can use their SMSF to lease their own medical rooms, why the ATO holds you personally responsible for any missteps, and how having the right professional team can turn your super into a serious wealth-building strategy.If you want to make smart financial decisions that could save you thousands in tax and set you up for a stronger retirement as a medical professional in Australia, then make sure to listen to this episode.-----TIME STAMPS:00:00 Hook/Introduction02:42 What is SMSF, and why is there an SMSF06:54 Where to find the best advice for SMSF09:04 Importance of a Financial Planner when setting an SMSF10:33 Should and should not get an SMSF for13:14 Using SMSF to invest in a property or the stock market20:22 Structuring SMSF28:18 Purpose of getting an SMSF33:21 Case study36:40 Importance of numbers39:20 SMSF is a tax-privileged structure43:19 Transferring assets into an SMSF45:26 Conclusion/Outro----- SHOW NOTES LINKShttps://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bihttps://khipartners.com.au/ https://www.linkedin.com/in/nafees-huda-42671040/https://www.linkedin.com/in/roger-wheelahan-8ba53149/https://smartstartfs.com.au/ -----LISTEN TO THE PODCAST:Spotify: https://spoti.fi/3FoBRAyApple Podcast: https://apple.co/4iks50NAmazon Music: https://amzn.to/3DoyJnP -----FIND US HEREWebsite: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors -----DISCLAIMERThe information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
--------
48:44
The Most Important Document in Your Estate Plan (That Isn’t Your Will) | Ep. 26
Join 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors -----In this episode, we’re joined once again by estate planning solicitor Tyrone Dutt, who returns to unpack one of the most overlooked risks in estate planning: what happens when you lose the ability to make decisions, but you’re still very much alive.Tyrone explains why your Will can’t protect you in these situations, how enduring powers of attorney and guardianship actually function, and the serious legal and financial consequences of choosing the wrong person to act on your behalf.We also cover what happens when assets are sold during incapacity, how estate plans can quietly unravel, and what doctors need to know to avoid family disputes and irreversible mistakes.If you care about protecting your independence, your wishes, and your estate, make sure to listen to this episode! ----TIME STAMPS:00:00 Hook/Intro01:13 What happens when you're not quite dead but can't make decisions?02:39 Testamentary Capacity03:48 Capacity Check on a Client05:18 Power of the Attorney07:04 Temporary and Permanent Incapacity11:58 Guardianship14:53 Appointing the right people22:34 Advance healthcare directives27:32 Following Advance healthcare directives29:25 Conflict in the Law35:06 Estate planning should be tailored37:30 Lifestyle wishes and financial wishes conflict39:28 Guardianship tribunal42:30 Capacity issue of the will45:30 Conclusion/Outro----- SHOW NOTES LINKShttps://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bihttps://empire.law/https://au.linkedin.com/in/tyronedutthttps://www.facebook.com/3mpireLaw ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
--------
47:50
How Doctors Can Build a $20M Property Portfolio Without Running Out of Borrowing Power | Ep. 25
Join 26,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors -----In this episode, we’re joined by Nafees Huda, a Chartered Accountant and Partner at KHI Partners, and Alissa Child, Director and Finance Broker at Two Birds One Loan.They talk about why many doctors hit a borrowing ceiling after a few properties, the dangers of poor structuring, and how the right setup can preserve borrowing capacity for future investments.They also discuss what makes a trust self-sufficient, how bucket companies can be used as a family bank, and why a long-term strategic plan is essential for doctors building serious wealth.If you want to grow your property portfolio without getting stuck or paying more tax than you need to, make sure to listen to this episode!-----TIME STAMPS:00:00 Intro/Hook01:17 Nafees and Alissa's Background05:07 Initial Property Loans and Long-Term Goals08:46 Setting Up the Right Entities12:44 Borrowing Capacity and Structuring Strategies15:36 Trusts and Company Structures for Property Investments22:09 Capitalise the Trust and Depreciation, and Non-Concessional Contributions25:31 Trust is Self-Sufficient Letter of Accountant28:38 Borrowing More Money31:55 Market Company Trust33:56 Borrowing from a Company34:51 Bought a Property in a Company38:22 Borrowing Within a Trust or a Company41:20 Lease Stock and Commercial Property Investments46:38 Conclusion/Outro----- SHOW NOTES LINKShttps://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bihttps://khipartners.com.au/ https://www.linkedin.com/in/nafees-huda-42671040/https://www.twobirdsoneloan.com.au/https://www.linkedin.com/in/alissa-childs-8816777a/?originalSubdomain=au----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
Welcome to the Investing For Doctors podcast. Here we talk about personal finances, investing, wealth creation, accounting, and personal development that will aid you in your life journey as a doctor.Please note that the information provided in this podcast is for educational and entertainment purposes only. The content should not be considered as financial advice and your personal situations have not been taken into account. Before making any financial decisions, we strongly recommend consulting with the relevant professional(s).
Australia