Medical Accounting for Healthcare Professionals in Prahran
Meeting the distinct needs of medical professionals throughout Prahran and beyond.
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.
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 Prahran
{Medical practitioners do amazing work in our community. We are passionate about helping all those who work in the medical industry to reach their 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.
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:
- 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.
Some factors we can help you with include:
- Developing the optimal tax structure, like family trusts, to enhance asset protection and financial security.
- Establishing a property trust to safeguard your assets.
- Navigating tax returns, deductions, and income distribution options tailored for contracting medical professionals.
- Helping medical professionals capitalise on property and investment opportunities.
- Helping medical professionals set up their own self-managed superannuation fund and leverage it to build a strong property investment portfolio.
Financial Services for Medical, Dental and Other Medical Services
Accounting services for medical practices and services needs to be specific to the medical industry. When it comes to the financial needs and goals of clinics and practices, Foresight can assist with:
- The practice fee base growth and internet marketing.
- Attracting and recruiting doctors to grow your practice.
- Arranging finance solutions for buying a practice or acquiring equity in an existing one.
- Offering expert guidance on the valuation of a practice or practice units you intend to purchase.
- Providing expert valuation services for your practice or practice units before selling.
- 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 Prahran
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 Prahran:
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
Financial planning and management are areas that require tailored guidance and action. We consider your goals and needs and work alongside you to help you reach your target 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
Financial planning should be straightforward, without unexpected fees or commitments. We provide a free, no-obligation consultation and fixed fees, giving you clear insights into all financial advice and services upfront.
Plan with Foresight: Your Medical Accountant, Prahran
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.