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.
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 St Kilda
Medical professionals make a significant impact on our community. We are committed to supporting those in the medical industry in achieving their financial goals. As your trusted accountant, we provide expert advice across all aspects of medical accounting.
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?
No matter if you're just starting your medical career, have spent over a decade in the field, or now own a medical clinic or practice, having a knowledgeable and approachable team of medical accountants can greatly benefit your personal finances and business growth. Our advice is built on current industry insights and extensive experience, ensuring you receive clear, stress-free financial guidance.
Foresight Accounting specialises in the unique financial needs of medical professionals. We understand the challenges you face and the goals you strive for. From navigating tax laws, income tax, and superannuation obligations to managing cash flow and client billing, our expert team provides the tailored support you need.
We can assist you with a range of financial matters, including:
- Establishing the right tax structure, including family trusts, to ensure maximum asset protection.
- Establishing a property trust to safeguard your assets.
- Gaining clarity on tax returns, eligible deductions, and income distribution strategies 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
The financial management of medical practices demands industry-specific accounting expertise. Foresight is here to support clinics and practices with:
- Enhancing practice fee base growth with effective online marketing strategies.
- Helping you find and recruit the right doctors for your practice.
- Helping you access funding to purchase a practice or ownership shares in one.
- Providing professional valuation advice for the practice or practice units you are looking to acquire.
- 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.
- Providing expert support in setting up Xero bookkeeping for your medical practice.
Why Choose Foresight Accounting as Your Medical Accountant in St Kilda
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 - St Kilda 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
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
We support you every step of the way in securing your financial future. With our in-depth expertise in business accounting and a strong understanding of the medical industry, we provide high-quality financial advice, ensuring every detail is covered.
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, St Kilda
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.
FREE NO OBLIGATION CONSULTATION
Phone 1300 120 220 or book online to reserve your space!