As a new Australian GP from the UK, the month of July officially means its end of the financial year, and time to get your accounting socks on to file your quarterly GST Business activity statement, and end of year filings.
In this post I’d like to share with you my method of book/record keeping.
First I have a cloud synchronized shared folder, you can set one up using Google Drive or Dropbox.
Every business related expense I have (including the ones I’m not sure about), I take photographs of and place in a Expenses Todo folder.
Every invoice I get from my practice, I store in another Income Todo folder.
I tried using apps such as Office Lens and Google Lens to take perfect scans of my receipts, but in the end I found that just taking a snap at a good enough angle is easiest to do.
If you’re using a cloud based service such as Google Drive, Dropbox, or Microsoft OneDrive, their apps can automatically sync photographs taken on your phone to your shared folder. Every now and then (usually once a month) I audit my photographs and move any expenses receipt into the Expenses Todo folder.
Every couple of months or on request, I log all my invoices and receipts onto a Spreadsheet. I find that Google Docs is easiest to use as my spreadsheets can be accessed from anywhere and can be exported to formats which are compatible with other apps.
Once my book keeping is done, I run all my expenses past my accountant who validates any expenses I am unsure about.
My spreadsheet is broken into multiple pages, and I use a seperate spreadsheet for each return. Eg. 2015-2016.xls
The first page of my spreadsheet consists of the income breakdown, how much I charged, how much my practice charged me, and the GSTs of these.
The second page of my spreadsheet consists of $AUD expenses made during the period. Noting, the total expense, how much of that expense was GST, how much it was stamp duty, and which category does the expense belong to. This helps myself and my accountant figure out how much of the expense is to be claimed.
For example, my car related expenses are worked out using the car log book method, which means only the work related usage % of the car calculated, can be used from the full expense.
For the car log book, I used the official myATO app’s personal deductions section to log my work related journeys (note: excluding any trips to my regular place of work) for a period of 12 weeks. This way I was able at the end of the period to determine my work related percentage use of the car, and use this for car related expense calculations.
TAXES for New GPs Solved! Car Expenses, VISA, BAS, GST, PSI, PSB, Super….
As a new Australian GP from the UK, the month of July officially means its end of the financial year, and time to get your accounting socks on to file your quarterly GST Business activity statement, and end of year filings.
In this video I take a trip to an Accounting firm to see if they can take the confusion out of my self-accounting woes.
Some quick tips I learned, but note these tips are for my personal circumstances and your circumstances may vary. So please seek professional advice. - You can claim GST on your car purchase - Keep a log book of all your work related journeys (minus trips to your normal place of work) - Photograph all your receipts and keep them in a folder - You can’t claim expenses for your VISA 457 application - You can claim Pre-ABN expenses for work related expenses such as AHPRA - Opening a joint savings account doesn’t cause extra-admin work - If you pay into a super, in your super deductions form you put in the full amount you’ve paid into your Super and do not have to minus any insurance payments made within the Super - Check your Super’s terms and conditions for insurance (some Super’s require a monthly payment to stay insured) - A GP can be PSB (complete the online form to check your eligibility)
In this video I share with you something that they don’t teach you at all in med school. Completing your NHS Pension forms for working as a GP Locum in the UK.
Gold Coast Lip Fillers 💋 Ep4. Tips for Patient Satisfaction
After successful lip filler treatments to the girls, Dr Nora our Cosmetic Doctor talks you through her top tips to ensure patient satisfaction.
For more details in the initial consultation, and key points about the procedure be sure to watch the previous episodes.
The lip filler product used in this episode is from a UK based brand. In Australia I personally use the other two major brands.
The technique performed in the demonstration is linear threading, which I find provides the most comfort for patients.
If you have any questions, feel free to leave a comment below, or you can arrange to drop by my clinic over in the Gold Coast at http://drnora.com
Note: The video clips were taken with the patient’s consent. The lighting conditions and patient’s pose in the before and after photos were taken in as close as possible conditions. The only photo alterations made were to crop and place the images side by side and add a bokeh effect and watermark.
Warning: Any surgical or invasive procedure carries risks. Before proceeding, you should seek a second opinion from an appropriately qualified health practitioner.
