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.
Having a financial advisor with expertise in the medical industry can make all the difference. Our team of medical accountants is well-versed in the specific financial needs of healthcare professionals. We provide a wide range of tailored accounting services designed to help medical practitioners achieve their desired financial outcomes.
Experienced Medical Accountants for Healthcare Professionals Hawthorn
Medical practitioners contribute so much to our community, and we are passionate about helping them secure their financial future. As experienced medical accountants, we provide tailored advice to support financial success in the healthcare industry.
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 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.
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:
- Establishing the right tax structure, including family trusts, to ensure 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.
- Helping medical professionals capitalise on property and investment opportunities.
- 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
Medical practices require specialised accounting services designed for the healthcare sector. Foresight offers tailored financial solutions to help clinics and practices with:
- Expanding your practice’s fee base and leveraging 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.
- Undertaking valuation of the practice or the units you are selling.
- Guiding you on how to maximise the value of your medical practice.
- Providing expert advice on enhancing the value of your medical practice.
- Providing expert support in setting up 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 by your side throughout the entire journey of achieving financial stability. Combining our extensive business accounting expertise with specialised knowledge of the medical sector, we offer top-tier financial advice, leaving no aspect overlooked.
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, Hawthorn
Medical doctors and healthcare professionals deserve expert, well-rounded financial advice. Whether you need support with tax returns for your practice, assistance in structuring your medical business effectively, or guidance on personal financial planning, Foresight Accounting is ready to help.
FREE NO OBLIGATION CONSULTATION
Phone 1300 120 220 or book online to reserve your space!