Medical Accountant in Elsternwick

Safeguard and Grow Your Medical Business

Juggling financial management as a medical professional and business owner can be incredibly challenging. Without the right approach, you might overlook essential strategies that safeguard your financial future, potentially leading to late tax returns, missed salary packaging benefits, confusion over financial statements and tax laws, and setbacks in reaching your financial goals.

This is why partnering with a financial advisor who understands the unique challenges of the medical industry can be incredibly valuable. Our specialised medical accountants have in-depth expertise in the financial needs of healthcare professionals. We offer a comprehensive range of accounting services tailored to help medical practitioners achieve their financial goals.

Healthcare professionals play a vital role in our community. We are dedicated to helping those in the medical field reach their financial aspirations. That’s why we offer reliable, expert guidance in all 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 played a key role in designing an accredited course on tax and wealth creation for the following organisations and has been a speaker and presenter for them for close to three years:

1. RACGP – Royal Australian College of General Practitioners
2. ADIA – Australia Dental Institute Association
3. AAPM – Australian association of Practice Management
4. 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 specialises in the unique financial needs of medical professionals. We understand the challenges you face and the goals you strive for. From navigating tax laws, income tax, and superannuation obligations to managing cash flow and client billing, our expert team provides the tailored support you need.

Some factors we can help you with include:

• Structuring your tax setup correctly, such as utilising family trusts, to safeguard your assets effectively.
  
• Creating your own property trust for asset protection.
  
• Understanding tax returns, tax deductions, and income distribution options available to contracting medical professionals.
  
• Helping medical professionals capitalise on property and investment opportunities.
  
• Supporting medical professionals in creating a self-managed superannuation fund and utilising it to grow a robust property investment portfolio.

Medical practices require specialised accounting services designed for the healthcare sector. Foresight offers tailored financial solutions to help clinics and practices with:

• The practice fee base growth and internet marketing.
  
• Doctor recruitment for your practice.
  
• Helping you access funding to purchase a practice or ownership shares in one.
  
• Helping you assess the true value of a practice or units in a practice before you buy.
  
• 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.
  
• Providing expert support in setting up Xero bookkeeping for your medical practice.