How can surgeons take best advantage of government incentive schemes, should they be deferring paying their 2019 tax bills and is it too late to take a more defensive stand on superannuation funds?
They are just some of the key questions posed by Walshs’ Simon Farmer and Hugh Walsh in a special video presentation aimed at helping members of the Royal Australasian College of Surgeons survive the impact of COVID-19.
As Hugh reveals the cancellation of non-essential elective surgery has seen the income of some surgeons drop by 95%, he explores the opportunities offered by a range of government incentive schemes including the JobKeeper package, the cashflow boost for PAYG Withholding, PAYG instalments and the deferral of tax bills.
Meanwhile Simon explores the advantages of deferring repayments on residential and commercial property mortgages, his predictions for the stock market and whether it’s too late to make “defensive” adjustments on superannuation funds.
Click HERE to watch the video.