The Money Doctors

Healthcare is being revolutionised by the rapid growth of AI technologies, particularly generative AI like ChatGPT. The automation of routine administrative tasks is allowing healthcare professionals to focus more on patient care. That’s according to Chris Foster-McBride, CEO of AI start-up Digital Human Assistants.

Chris’s career began in hospital operations and the UK health system before transitioning to data analytics and AI, leading to the founding of three AI startups.

He discusses with Adam McCann, Director at Adelaide-based Bartons – part of the Bongiorno National Network – the increasing role AI will have in the medical profession.

MORE INFORMATION

'Expert guidance on governance of the evolving AI technology', Australian Institute of Company Directors:

https://www.aicd.com.au/innovative-technology/digital-business/artificial-intelligence/expert-guidance-on-governance-of-the-evolving-ai-technology.htm

Digital Human Assistants 
https://www.digitalhumanassistants.io/

Bartons 
https://www.bartons.com.au/

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.

Despite the increases in property prices across the country, buying a home continues to be a dream for most people. Matt Homewood, Financial Consultant at the Bongiorno Group, has guided countless numbers of his clients on purchasing their first home. He offers practical advice for first-time homebuyers, focusing on the importance of understanding both upfront and ongoing costs. He emphasises the need for thorough budgeting and lifestyle adjustments to ensure affordability and successful homeownership.

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’re looking to do construction work on your house, like a renovation or extension, be aware of the contract you sign with your builders. Depending on their payment arrangements, additional costs or complications may occur. That’s according to Mark Bremner, Senior Finance Consultant at the Bongiorno Group. He’s joined by Director, Nick Fennessy, where they discuss the essential steps for financing a construction project.

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’re a business owner and one of your team members suddenly becomes ill or worse, how prepared are you? The Bongiorno Group’s risk advisers Yanish Geerdharry and Tom Will discuss the importance of business insurance and succession planning. Some key issues include asset protection, buy-out options, and the business's ability to handle financial commitments and client relationships. It’s important to engage professionals in creating comprehensive insurance and succession plans, ensuring all legal, financial, and structural aspects are addressed effectively.

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 returns can be complicated enough, but throw a rental property into the mix and things can get just that more complex. Mitch McKeown and Ricky Caldow, Directors at the Bongiorno Group, explores the essentials of preparing tax returns for rental properties, with an emphasis on the accurate reporting of ownership percentages, rental income, and deductible expenses. Key topics include the importance of genuine availability for rent, proper documentation, and the impact of property depreciation. They also highlight how positive vs negative gearing affects tax outcomes.

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’re concerned where your money is going each month, it’s important to create a detailed budget. That’s according to the Bongiorno Group’s Director Vanessa Smith and Financial Consultant, Matt Homewood. . That’s one of the essentials of financial planning, a process in which you should spend considerable time on determining your short and long-term goals. It includes a meticulous review of your spending habits, prioritising repayment of debts, and ultimately aiming for a budget surplus.

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.

There’s no one-size-fits-all lodgement date for tax returns for individuals and businesses. The Bongiorno Group’s Director Nick Fennessy Director and Tax Manager Chantelle Turner explain the different rules and tax deadlines, as well as quarterly PAYG instalments which are based on the previous year's tax payable. Failure to prepay can result in a catch-up payment requirement. A tax professional clarifies key dates, allows for extended lodgement and payment deadlines, and ensures the tax return is completed accurately.

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.

International medical students studying in Australia typically hold a 500 visa, which allows them to complete their medical course. For those who want to apply for permanent residency, there are a number of hoops to jump through.

Immigration lawyer David Bongiorno of David Bongiorno & Associates discusses the different visas necessary for medical graduates in Australia. He stresses the importance of timely application for visas, meeting English proficiency requirements, and preparing for permanent residency.

DAVID’S FREE CONSULTATION
To discuss your specific visa situation and receive personalised guidance, contact David on 03 9863 3188

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.

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.