There are a number of accounting firms across Melbourne that service doctors and other medical professionals that only prepare tax returns and crunch numbers. At Medvisor, we provide those services as well as a number of other accounting and business adviser services that set us apart from other accounting firms.
Our accountants and business advisers will focus on helping you grow your wealth, profits, and revenue, and grow your business. Your tax return will be viewed at the start of the client process rather than at the end, and this will help reduce the cost and time associated with GST compliance and record keeping. We will spend time with you to work on your business and improve your marketing strategies. We believe that marketing can make a huge difference in the number of clients who come across your business. Our marketing services including helping you design and build a mobile and tablet compatible website, digital publishing, social media strategies, search engine optimisation, and branding.
Our business processes can be tailored and specifically designed to help you fast track the success of your business. Our medical professional accountants and business advisers have a broad knowledge of the medical industry, and have mentored a number of doctors and other medical professionals through the various stages of their business.
Our business advisers and accountants are experts at the negative gearing of investment properties and self-managed superannuation funds. We use medical industry benchmarks to compare your business to others in your area to see what is working for your business and what can be improved.
We service individuals and medical business owners in Melbourne in regards to taxation, marketing, wealth creation, and accounting. Our accountants and business advisers pride themselves on delivering quality advice as well as innovative and practical business solutions. We listen to our clients’ needs, offer great value for money, and translate accounting and financial jargon into easy to understand language. We keep in contact with our clients and regularly visit their place of business.
Our accountants and business advisers have helped doctors and other medical professionals through all stages of their careers, from start-up through to the sale of their medical clinic or succession. Our clients work across a range of medical fields, including physiotherapists, osteopaths, surgeons, general practitioners, dentists, optometrists, and other specialists. We understand that running a medical practice is demanding and stressful so we aim to reduce the stress you feel from the financial aspect of your business. Our medical professional accountants and business advisers will assist you with more than just GST, PAYG, BAS, and superannuation issues as well as advising you on the most appropriate tax structure for your business.
We know that doctors and other medical professionals are busy and bookkeeping can sometimes receive less attention that it needs, but we will help you select the best software for your practice. We will train you and your staff to use the accounting software and ensure it meets the level of accounting your business requires.
Our medical professional accountants and business advisers understand that accounting and taxation issues are vital to getting the most out of your medical practice, but can often end up receiving less priority than needed during an average day.
At Medvisor, we offer uniquely tailored bookkeeping and accounting services that suit the individual needs of your business and industry. Our accountants and business advisers will take care of your general accounting and bookkeeping needs, and any industry-specific requirements like Medicare and client billing.
Our accountants and business advisers focus on helping medical professionals and their families by staying up-to-date with any tax rulings that affect your industry. We will give you the best accounting advice possible, based on our years of experience helping doctors and other medical professionals. Whether you need advice on work-related claims or expenses, or if you are considering buying a piece of medical equipment, we will be able to help you. Our accountants and business advisers can assist you with:
- Service trusts
- Accounting strategies
- Practice structures
- Tax returns
- Tax minimisation strategies
At Medvisor, we can provide you with proactive, ethical, and innovative medical accounting services. The vast experience of our accountants and business advisers allows us to prepare and lodge tax returns, deliver expert tax advice, and focus on achieving the most potential tax refunds. We provide specialist accounting and tax advice on the best medical practice structure for your business, both for established medical practices and new practice owners. This will allow the accumulation of wealth in a protected and tax effective environment.
Over the past few years our accountants and business advisers have mentored a number of doctors and other medical professionals through the various stages of their business life.
Running a successful medical practice is a highly demanding job, with tax legislation constantly changing and the medical profession being one of the most complex forms of accounting. It is vital that doctors and other medical professionals consult an accountant for medical practices so you get an adviser with in-depth knowledge of the industry.
The role of a medical accountant can include:
- Not allowing anyone who isn’t authorised to access your banking or investment account details, including passwords or electronic keys
- Select the best method of accumulating cash for investments
- Achieve tax efficiency by focusing on tax-efficient growth of assets that should not be sold
- Taking care of your investments and never agree to anyone who is not authorised to make decisions
Our accountants and business advisers provide a number of services including:
- Structuring advice
- Cash flow management
There are a lot of ways to structure advice, each method having its own advantages and disadvantages. It is important for doctors and other medical professionals to receive structured legal and accounting advice.
Cash flow management
Accountants and business advisers can help to improve your business’s cash flow by predicting, monitoring, and managing cash inflows and outflows. Some of the core tasks they provide are:
- Predicting anticipated cash flow
- Understanding cash flow trends
- Connecting financial information across the business
- Viewing cash flow information in the way clients want
For more information on medical professional accountants and business advisers in Melbourne, contact Medvisor.