How We Helped a Doctor Save $10K Annually and Build Long-Term Wealth
Vania Wang • January 14, 2025
Case Study: How We Helped a Doctor Save $10K Annually
and Build Long-Term Wealth
One of our clients, a cardiologist, came to us feeling frustrated. They were earning a strong income and investing regularly, but their wealth wasn’t growing as fast as they’d hoped.
After reviewing their situation, we found several areas for improvement. Their investments were held in their own name, which meant they were paying taxes at the top marginal rate.
They were also missing out on key deductions and weren’t using their superannuation accounts to their full potential. We worked together to restructure their finances. By moving their investments into a family trust, they could distribute income to family members on lower tax rates.
We also restructured their loans to reduce interest payments, freeing up cash flow for other investments. One of their properties was operating at a loss, but we used negative gearing to offset their taxable income, saving them thousands.
Finally, we optimised both their and their spouse’s super accounts, taking advantage of lower tax rates to build long-term wealth. The results were immediate. They now save $10K annually in taxes and have better cash flow, allowing them to invest more effectively.
Their assets are also insulated from potential litigation, giving them peace of mind about the future. This is a perfect example of how the right advice can make a world of difference. If you’re feeling stuck or unsure about your financial progress, a specialist accountant can help you unlock new opportunities and achieve your goals faster.
You’ve worked hard for your success, it’s time your finances reflected that.
The ATO has confirmed higher super contribution caps for 2025–26, but the rules remain complex. Learn the current concessional and non-concessional limits, what’s tax-deductible, and the key timing requirements.
A Sydney specialist shares what she learned about Personal Services Income (PSI) after a near miss with the ATO — and how other doctors can avoid the same risks.
Learn what TASA is, how the updated Code of Conduct affects tax agents, and why it matters for clients, compliance, and your tax work.
PAYG Instalments explained in plain English. Learn why the ATO charges tax in advance, how it works, and what to check if your income has changed.
Refine your pricing with value-based strategies, tiered options, and A/B testing. Practical tips to help business owners earn what they’re truly worth.
Curious about SMSFs? Learn what’s really involved in managing your own super fund — from time and research to input, responsibilities and support options.
Understand the key opportunities and compliance updates the new financial year brings. Expert guidance from Sydney accountants to help your business thrive.
Stay organised and compliant with key financial dates for 2025–2026. Covers BAS, Superannuation, FBT, PAYG summaries, TPAR, and essential ATO updates.
Audit insurance won’t prevent an ATO review, but it can cover the costs of responding. Learn how it works, who it’s for, and what to consider before EOFY.
With EOFY fast approaching, smart tax planning can reduce your bill and protect your business from ATO scrutiny. Learn what to do before 30 June to stay compliant and maximise deductions.
