Medics Money podcast

Medics Money

The Medics’ Money podcast helps doctors, dentists and other professionals make better financial decisions. Hosted By Dr Tommy Perkins and Dr Ed Cantelo, who is not only a doctor but also a Chartered Accountant and Tax adviser. read less
Health & FitnessHealth & Fitness

Episodes

Ep 208 - The Future of General Practice: Unlocking Efficiency through Automation
16-04-2024
Ep 208 - The Future of General Practice: Unlocking Efficiency through Automation
This episode dives deep into the world where healthcare meets technology, specifically focusing on the transformative power of automation in general practice. We explore how administrative tasks that burden doctors daily can be streamlined through smart software solutions. The founders of Health Tech One, Raj Kohli and Dr. Bhupinder Kohli, share their journey of developing technology that not only enhances patient registration and lab result processing but also significantly reduces the administrative workload on healthcare professionals. Through their story, we discover the broader implications for patient care, the exciting potential for other practices, and the critical role of innovative tech in the healthcare sector. Whether you're a healthcare professional interested in tech's potential to improve your work life or someone fascinated by the intersection of healthcare and technology, this episode provides valuable insights into the ongoing evolution of general practice. Want to stay up to date with the latest financial information for doctors? Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter https://twitter.com/medicsmoney Like us on Facebook https://www.facebook.com/medicsmoney Music credit: MetzMusic on YouTube.
Ep 205: Last Minute Tax Hacks to Save £’000s before the 5th April
26-03-2024
Ep 205: Last Minute Tax Hacks to Save £’000s before the 5th April
In this episode, Tommy and Ed detail strategies to save significant amounts on taxes before the end of the 2023 to 2024 tax year on April 5, 2024. It emphasizes the urgency of taking action before the deadline to claim various tax reliefs and deductions. The discussion includes a wide range of topics such as claiming tax rebates on allowable employment expenses from previous years, understanding adjusted net income, leveraging tax-free childcare, capital gains tax, and making the most of ISA and pension contributions. Additionally, we highlight how to navigate the so-called 'tax traps' for high earners, the importance of utilising ISA allowances, and planning for inheritance tax.   00:00 Introduction: Maximising Tax Savings for Healthcare Professionals 00:18 Why You Need to Act Before April 5th, 2024 00:51 Getting to Know the Experts 01:43 Basic Tax Saving Tips: Claiming Rebates and Utilising Allowances 03:46 Navigating High-Income Tax Traps and Adjusted Net Income 13:29 Maximising ISA Allowances for Tax-Free Savings 19:56 Capital Gains and Dividend Allowances: Strategies for the Current Tax Year 23:05 Utilising Inheritance Tax Annual Exemption 24:33 Conclusion: Sharing Knowledge and Upcoming Courses   Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here   https://www.medicsmoney.co.uk/ebook/   Follow us on Twitter   https://twitter.com/medicsmoney   Like us on Facebook   https://www.facebook.com/medicsmoney