Category: Uncategorized

COVID 19 | Jobkeeper payment package

To keep you updated with the state and federal government’s daily announcements, RWS has DPM Financial Services accounting experts, Amelia and Sean, on to discuss the most recent release: the JobKeeper Payment Package and its implications for doctors.

DPM has a range of financial services tailored to medical professionals designed to progress with you as your career advances, your needs evolve and your financial affairs become more complex.

To contact Amelia or Sean you can email them on their respective emails; or or call DPM on 1800 DPM DPM.

Public Holiday Pay Standards

With Christmas DayBoxing DayNew Year’s and Australia Day (January 27th as AusDay falls on a weekend) all coming closer it is important you’re on top of public holiday pay standards for your staff.

Maternity Leave Rules

Peter, our Accountant & Practice Management Specialist here at Rooms With Style has given us a crash course on all things maternity leave in accordance to FairWork’s requirements:

Practice Health Check

Is it time for a numbers “health check” at your practice?

Many specialists do not have processes in place to attain and review their monthly data.

As a starting point you need to regularly monitor categories such as those listed below.

This data will help you:

1. Make informed marketing decisions
2. Select and appoint staff appropriately

Referrer Marketing – Getting referrers and retaining them

Referrals are the lifeblood of your practice. It is of the utmost importance that you have systems in place to monitor and manage your referrer relationships. Appropriate medical marketing is crucial in the competitive environment of private practice.
We see many doctors who are paying the price for taking their eye off the ball, and not paying attention to their medical marketing. It is devastating to find your numbers dropping because others around you are marketing more efficiently. Don’t let this happen to you.

$20,000 Small Business write off

Many doctors are taking advantage of the $20,000 write off – getting Rooms with Style to upgrade the interior design of their rooms. The government recently incentivised small business by stating that $20,000 of assets purchased up until 30th June 2017 can be immediately written off.

This provides a great opportunity for you to upgrade the interior design of your rooms.

It is amazing how new furniture, art and accessories can transform your space.

Award rates changes

The 1 July changes that will impact your Practice.

On 1 July 2017, the minimum wage in the Health Professionals and Support Services Award 2010 increased by 3.3%.

What does this mean to you?

For any practice that has employees covered by the Health Professionals and Support Services Award 2010, and are paying at or close to the minimum wage under the award, it is important to review and increase the employee’s minimum wages.

It is crucial that practices increase staff pay, if they receive award wages, by the 3.3%, with weekly wages rounded to the nearest 10 cents.