Medical Accounting for Healthcare Professionals in South Yarra

Safeguard and Grow Your Medical Business

Managing your own finances as a medical professional and business owner can feel like a constant balancing act. Without the right strategies, you may miss key opportunities to secure your financial future—whether it’s delaying tax returns, not fully leveraging salary packaging, struggling with complex financial statements and tax laws, or falling short of 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.

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.

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:

1. RACGP – Royal Australian College of General Practitioners
2. ADIA – Australia Dental Institute Association
3. AAPM – Australian association of Practice Management
4. 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.

Here are some key areas where we can offer our expertise:

• Developing the optimal tax structure, like family trusts, to enhance asset protection and financial security.
  
• Creating your own property trust for asset protection.
  
• Navigating tax returns, deductions, and income distribution options tailored for contracting medical professionals.
  
• Making the most of property and investment opportunities for medical professionals.
  
• Helping medical professionals set up their own self-managed superannuation fund and leverage it to build a strong property investment portfolio.

The financial management of medical practices demands industry-specific accounting expertise. Foresight is here to support clinics and practices with:

• Expanding your practice’s fee base and leveraging internet marketing.
  
• Doctor recruitment for your practice.
  
• Helping you access funding to purchase a practice or ownership shares in 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.
  
• Guiding you on how to maximise the value of your medical practice.
  
• Supporting you with strategies to maximise the worth of your medical practice.
  
• Assisting with setting up Xero bookkeeping system for your medical practice.