Medical Accountant in Glen Iris

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.

Working with a financial advisor who specialises in the medical industry can be a game-changer. Our medical accountants have the experience and knowledge needed to support healthcare professionals with their financial management. We offer customised accounting services to help medical practitioners reach their financial goals with confidence.

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, brings extensive experience in medical accounting. He played a key role in developing a tax and wealth education program tailored for medical professionals. This program was initially accredited by the Royal Australian College of General Practitioners (RACGP), awarding 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're a newly qualified medical professional, an experienced practitioner with years in the field, or the owner of a medical clinic, having a trusted team of medical accountants can make a significant difference to both your personal and business finances. With up-to-date expertise and years of experience, we provide tailored financial guidance designed to keep you on the right path with confidence.

With extensive expertise in medical accounting, Foresight Accounting understands the specific taxation and financial challenges medical professionals encounter. Whether it’s tax returns, income tax laws, cash flow management, superannuation obligations, or client billing, our skilled team is equipped to provide the right financial solutions for you.

Some factors we can help you with include:

• Creating the correct tax structure, such as family trusts for maximum asset protection.
  
• Setting up a property trust to enhance 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.

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

• Growing your practice’s revenue stream through strategic internet marketing.
  
• Supporting your practice with expert doctor recruitment solutions.
  
• Helping you access funding to purchase a practice or ownership shares in one.
  
• Providing advice on the value of the practice or units in a practice you are buying.
  
• Providing expert valuation services for your practice or practice units before selling.
  
• Guiding you on how to maximise the value of your medical practice.
  
• Supporting you with strategies to maximise the worth of your medical practice.
  
• Guiding you through the setup and integration of Xero bookkeeping for your medical practice.