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.
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.
Experienced Medical Accountants for Healthcare Professionals Hawthorn
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.
In addition, Lawrie contributed to the development of an accredited tax and wealth creation course for the following organisations and has been a speaker and presenter 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.
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.
- Setting up a property trust to enhance asset protection.
- Gaining clarity on tax returns, eligible deductions, and income distribution strategies for 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
Medical practices require specialised accounting services designed for the healthcare sector. Foresight offers tailored financial solutions to help clinics and practices with:
- Enhancing practice fee base growth with effective online marketing strategies.
- Attracting and recruiting doctors to grow your practice.
- Securing financing to acquire your own practice or invest in a practice.
- Helping you assess the true value of a practice or units in a practice before you buy.
- Providing expert valuation services for your practice or practice units before selling.
- Guiding you on how to maximise the value of your medical practice.
- Helping you unlock the full potential and value of your medical practice.
- Assisting with setting up Xero bookkeeping system for your medical practice.
Why Choose Foresight Accounting as Your Medical Accountant in Hawthorn
With a passion for helping medical professionals, we ensure you receive expert financial support, freeing you to focus on what matters most—your patients. Here’s why Foresight is the medical accountant you can trust 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
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.
