As a doctor or medical professional, you will have special accounting and bookkeeping needs, client and Medicare billing, expense claiming and control, government and employer record keeping, as well as paying your superannuation, PAYG, GST, and BAS.
Accounting and taxation issues are important for getting the most out of your professional medical service, but on a daily basis, these receive a lesser priority. Medvisor accountants and financial planners for doctors are here to help you keep your accounting needs up-to-date, from basic bookkeeping through to GST preparation and Business Activity Statements, to preparing your annual tax returns and annual accounts.
Medvisor focuses on doctors and their families, so we are always keeping up-to-date with the latest tax rulings that may affect your business. We will give you the best accounting advice based on our experience in assisting individual doctors and medical practices to pay the appropriate amount of tax and maximise incomes.
Whether you are considering buying a significant piece of medical equipment or need advice on a simple work-related expense claim, our accountants and financial planners for doctors have the expertise to help you out. Our accountants for doctors can assist you with:
- BAS and GST
- Accounting strategies
- Service trusts
- Practice structures
- Tax returns
- Tax minimisation strategies
Our accountants and financial planners at Medvisor provide innovative, constructive, proactive, and ethical medical accounting services. Our experience allows us to deliver some of the best tax advice available to Australian businesses, maximising deductions, and efficiently preparing tax returns. We provide specialist tax and accounting advice on optimum medical practice structures for wealth creation for doctors in the most tax effective environment.
At Medvisor, our financial planners for doctors provide services beyond tax returns and financial statements, and we will assist you with marketing including videos, website, branding, social media strategies, and digital publishing. Marketing can be the difference between your business being successful or failing so we aim to increase your sales, patient numbers, and profit. You will be given immediate access to our marketing programs. Our strategies have been shown to have a massive impact on the future growth of medical practices.
Our clientele span Melbourne and a wide range of medical industries, which has allowed us to develop considerable expertise and knowledge that can help give you a competitive edge.
Most of our clients are exclusively business owners who span the entire business life cycle, from the start-up and purchase of the practice through to sale. We have mentored hundreds of business owners through the beginning phases of their businesses, which has earned us a reputation as a medical practice start-up specialist. We have developed a range of templates, checklists, and tools to help fast-track the success of your business.
During our client briefings, our accountants and financial planners will help you lower the cost and time associated with tax compliance and bookkeeping, and we support a wide range of accounting software programs. At Medvisor, we believe that quality record keeping reduces our time and your costs, which allows us to spend more time working on your business and marketing.
At the start of the client process, we will view your tax return so we can design our strategic advice and practical business solutions to make your business more valuable, saleable, and profitable. No job is too big or too small for our team of accountants for doctors who are committed to providing ongoing professional development so you have access to the best accounting, marketing, and tax advice available in Melbourne.
At Medvisor, we understand that a doctor’s day is filled with the demand for high-quality health services in a high-pressure environment, and the last thing they want to deal with is more compliance, from record keeping to accounting requirements.
If you are starting, buying, or developing your clinic or medical practice, we can help you by offering the best possible advice. We are passionate about helping graduate doctors, sole practitioners, and medical practice start their business.
Our financial planners and accountants for doctors understand that doctors have special needs when it comes to salary packaging, business structure, accounting, and wealth creation for doctors. We have mentored many doctors and other medical professionals, and we are passionate about helping each client with protection and wealth creation for doctors.
Some of our services that are specially designed for doctors and other medical professionals include:
- Self-managed super fund for wealth creation
- Advice and set up of the best practice structure
- The best accounting software
- Business growth and tax planning
- Review of wills, insurances, and estate planning
- Business and cash flow planning
- Practice name and registration
- Review of protection for your assets and family home
- Help to obtain finances for starting up or buying your practice and equipment
Our financial planners and accountants will teach you the technology and tools to help automate your record keeping and accounting. Automating your business will give you more time to focus on treating patients.
We can help you with:
- Reporting and financials
- Tax compliance
- Analysis and management reporting
Reporting and financials
Maintaining your financial ledgers and preparing financial reports is one of our core skills and service offerings as financial planners and accountants. We provide a broad range of reporting and financial services from the setup and implementation of cloud software system to maintaining ledgers and preparing quarterly, six-monthly, and annual finance reports. One of our key strengths is translating financial jargon into easy-to-understand language and providing regular, meaningful insights.
The preparation of tax returns and tax compliance is a standard service that we supply in our client engagements. Our standard service includes lodging a monthly and quarterly activity statement and preparing and lodging income tax returns for client businesses and associated individuals. Our accountants and financial planners ensure our clients’ lodgements are up-to-date, and that you understand current and forecasted lodgements.
Analysis and management reporting
Our Medvisor clients benefit from the commercial experience and skills of our financial planners and accountants, who specialise in providing tailored reports and meaningful analysis relevant to your current strategies and practice. Regular interpretation and reporting of financial results is a standard service for our healthcare and medical clients.
Contact Medvisor for more information on accountants and financial planners for doctors and other medical professionals in Melbourne.