Safeguard and Grow Your Medical Business
Taking on your own financial management as a medical professional and business owner can prove to be the ultimate juggling act. It may also mean you might overlook the most useful strategies to ensure your best financial future possible, which could lead to issues such as skipping timely tax returns, not getting the most out of salary packaging, becoming overwhelmed by financial statements and tax laws, and failing to meet your financial goals.
That is why working closely with a financial advisor who is experienced and knowledgeable about the medical industry can be highly beneficial. Our medical accountants are well prepared when it comes to the financial needs of people who work in the healthcare sector. We provide a broad range of accounting services to medical practitioners to help our clients reach their target outcomes and these are tailored to meet your specific needs.
Experienced Medical Accountants for Healthcare Professionals
Medical practitioners do amazing work in our community. We are passionate about helping all those who work in the medical industry to reach their financial aspirations. That is why we deliver sound advice as your trusted professional accountant, covering many areas of medical accounting.
Our director, Lawrie Carrozza, has a wealth of experience in providing medical accounting support. He assisted in creating a tax and wealth education program for medical professionals. This was first accredited with the Royal Australian College of General Practitioners (RACGP), earning doctors 40 CPD points for a one day course.
Lawrie also worked to develop a tax and wealth creation accredited course for the following bodies and has been a presenter and a speaker for them for nearly three years:
- RACGP – Royal Australian College of General Practitioners
- ADIA – Australia Dental Institute Association
- AAPM – Australian association of Practice Management
- ACRRM – Australian College of Rural & Remote Medicine
How Can Medical Accounting Services Help?
Whether you are beginning your medical career, have been working in the medical field for over a decade, or have acquired your own medical clinic or medical practice, having access to an experienced and friendly team of medical accountants can do wonders for your personal finances and/or your business growth. Our financial advice is based on relevant, up-to-date knowledge and requirements alongside years of experience to deliver stress free guidance to put you on the right track.
Foresight Accounting deeply understands medical professional accounting and taxation issues. We know the difficulties and the goals medical professionals can have. From tax returns, tax laws and income tax, to cash flow, superannuation obligations and client billing, there are many areas in which our experienced team and financial services can help you.
Some factors we can help you with include:
- Creating the correct tax structure, such as family trusts for maximum asset protection.
- Creating your own property trust for asset protection.
- Understanding tax returns, tax deductions, and income distribution options available to contracting medical professionals.
- Making the most of property and investment opportunities for medical professionals.
- Assisting medical professionals in establishing their own self-managed superannuation fund and using this structure to accumulate a solid property investment portfolio.
Financial Services for Medical, Dental and Other Medical Services
Accounting services for medical practices and services needs to be specific to the medical industry. When it comes to the financial needs and goals of clinics and practices, Foresight can assist with:
- The practice fee base growth and internet marketing.
- Doctor recruitment for your practice.
- Obtaining finance to fund the purchase of your practice or units in a practice.
- Providing advice on the value of the practice or units in a practice you are buying.
- Undertaking valuation of the practice or the units you are selling.
- Guiding you on how to maximise the value of your medical practice.
- Medical practice benchmarks.
- Assisting with setting up Xero bookkeeping system for your medical practice.
Why Choose Foresight Accounting as Your Medical Accountant in Melbourne
As passionate medical accountants, we strive to be extremely helpful in every way possible so that you can devote yourself to patient care and place your own expertise into the area you are dedicated to. We believe you should place your trust in Foresight as your medical accountant - Melbourne for the following reasons:
Personalised Advice
Financial planning and management are areas that require tailored guidance and action. We consider your goals and needs and work alongside you to help you reach your target outcomes.
We Go the Extra Mile
Our team is with you during the whole process of getting your financial future on track. With our comprehensive business accounting knowledge and understanding of the medical industry, we deliver financial advice of a high standard to all our clients, making sure no stone goes unturned.
Open Communication
When it comes to investing in your future, you do not deserve surprise fees or unexpected commitments. We provide our clients with a free, no obligation consultation and fixed fees so that you understand clearly what will be involved with all advice and financial products.
Plan with Foresight: Your Medical Accountant, Melbourne
Every medical doctor and other medical professionals deserve sound, comprehensive financial advice. Whether you require guidance to prepare tax returns for your medical facility, assistance in developing the most suitable tax structure for your medical business, or advice regarding personal finances and goals, Foresight Accounting is here for you.
Based in Malvern, Foresight Accounting proudly services Malvern and surrounding suburbs, including Caulfield, Carnegie, Glen Iris, Prahran, Camberwell, Toorak, and Armadale. Phone or book online to reserve your space or ask about our other business accounting services.
