Safeguard and Grow Your Medical Business
Handling your own financial management as both a medical professional and business owner can be an overwhelming task. Without expert guidance, you may risk missing critical strategies that optimise your financial future—like lodging tax returns on time, maximising salary packaging, navigating intricate financial statements and tax regulations, and staying on track with your financial goals.
That is why working closely with a financial advisor who is experienced and knowledgeable about the medical industry can be highly beneficial. Our medical accountants are well prepared when it comes to the financial needs of people who work in the healthcare sector. We provide a broad range of accounting services to medical practitioners to help our clients reach their target outcomes and these are tailored to meet your specific needs.
Experienced Medical Accountants for Healthcare Professionals Murrumbeena
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.
Lawrie Carrozza, our director, has extensive experience in medical accounting. He was actively involved in designing a specialised tax and wealth education program for medical professionals. This program was first accredited by the Royal Australian College of General Practitioners (RACGP), allowing doctors to earn 40 CPD points in a single-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.
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:
- Developing the optimal tax structure, like family trusts, to enhance asset protection and financial security.
- Setting up a property trust to enhance asset protection.
- Exploring tax returns, deduction opportunities, and income distribution methods for contracting medical professionals.
- Making the most of property and investment opportunities for medical professionals.
- Supporting medical professionals in creating a self-managed superannuation fund and utilising it to grow a robust 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.
- Obtaining finance to fund the purchase of your practice or units in a practice.
- 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.
- Helping you unlock the full potential and 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 Murrumbeena
As passionate medical accountants, we strive to be extremely helpful in every way possible so that you can devote yourself to patient care and place your own expertise into the area you are dedicated to. We believe you should place your trust in Foresight as your medical accountant - Murrumbeena for the following reasons:
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
From start to finish, we’re here to help you take control of your financial future. With a deep understanding of business accounting and the medical industry, we provide high-level financial guidance, ensuring every opportunity is explored.
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, Murrumbeena
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!