Medical Accounting & Taxation Services
Medical Accounting Services
Being a Doctor is difficult enough, being a Doctor and managing your taxes adds a whole extra level of stress and anxiety. Thankfully there are ways to manage the stress and anxiety by having us look after your tax obligations so that you don’t have to. We are confident we can give you back precious time that would be otherwise used up doing these stressful tasks. How do we do this? It’s simple.
Compliance & Accounting
We provide all services that you would expect to receive in a public practice firm, but with some adjustments for the medical industry.
Preparation of Annual Income Tax Returns and Financial Statements for Doctors, Medical Practices and other related entities.
Preparation of Monthly/Quarterly IAS & BAS
Preparation of Quarterly Superannuation Contributions
Bookkeeping ( Including Payroll for all Doctors and Staff)
ASIC related secretarial duties
Tax Planning
Being Pro-Active rather than Re-active when it comes to taxes can be the difference maker in saving you money. The future is uncertain but we try to make it a little more certain by planning your finance so in the event of something unforeseen , you are able to better manage it. Recessions, Inflation, Changes in Government Policy can all have an affect on you, if you plan for these changes, you are one step ahead of most other people in your industry.
Business Planning & Advice
There may be a time in your life where you want to open up your own practice, but how do you get started? Do I need to set up a company? Should I rent or purchase my own surgery? How many employees do I need and how do I pay them? If you’re asking yourself these questions, then you’re off to the right start. We can help you answer these questions to get your business off the ground and running. We know that being a doctor limits to how much free time you have, we are happy to come and visit you.