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.
Experienced Medical Accountants for Healthcare Professionals Hawthorn
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.
With vast expertise in medical accounting, our director, Lawrie Carrozza, has been instrumental in supporting healthcare professionals. He contributed to the development of a tax and wealth education program for medical practitioners, which was first accredited by the Royal Australian College of General Practitioners (RACGP) and provided doctors with 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'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.
At Foresight Accounting, we have a deep understanding of the accounting and taxation challenges faced by medical professionals. We recognise both the complexities and the financial goals unique to your profession. Whether it’s tax returns, income tax laws, cash flow management, superannuation obligations, or client billing, our experienced team is here to support you every step of the way.
We can assist you with a range of financial matters, including:
- Structuring your tax setup correctly, such as utilising family trusts, to safeguard your assets effectively.
- Establishing a property trust to safeguard your assets.
- Navigating tax returns, deductions, and income distribution options tailored for contracting medical professionals.
- Making the most of property and investment opportunities for medical professionals.
- Guiding medical professionals through the setup of a self-managed superannuation fund to strategically develop a solid property investment portfolio.
Financial Services for Medical, Dental and Other Medical Services
Accounting services for medical practices must be tailored to the unique needs of the healthcare industry. Foresight provides expert support for clinics and practices in the following areas:
- Enhancing practice fee base growth with effective online marketing strategies.
- Helping you find and recruit the right doctors for your practice.
- Arranging finance solutions for buying a practice or acquiring equity in an existing one.
- Providing professional valuation advice for the practice or practice units you are looking to acquire.
- Undertaking valuation of the practice or the units you are 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.
Why Choose Foresight Accounting as Your Medical Accountant in Hawthorn
We are committed medical accountants who go above and beyond to support you, so you can concentrate on delivering the best possible care to your patients. Here’s why Foresight is the right choice as your medical accountant in Hawthorn:
If you're looking for expert accounting advice closer to your area, we also provide medical accounting services across a range of suburbs in and around Melbourne.
Personalised Advice
Effective financial planning and management require personalised strategies and proactive support. We take the time to understand your goals and collaborate with you to achieve your desired 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
Your financial future should be built on transparency, not hidden fees or unexpected commitments. That’s why we offer a free, no-obligation consultation and fixed fees, ensuring you have complete clarity on all advice and financial products.
Plan with Foresight: Your Medical Accountant, Hawthorn
Sound financial advice is essential for every medical doctor and healthcare professional. Whether you need help with tax returns for your clinic, structuring your medical business efficiently, or planning your personal financial future, Foresight Accounting is here to assist.
FREE NO OBLIGATION CONSULTATION
Phone 1300 120 220 or book online to reserve your space!