The Australian medical industry offers a unique range of complex challenges and business demands – and accountants with experience and in-depth knowledge of the medical industry provide the support and guidance needed for doctors and surgeons to reach professional and financial goals. This list showcases the best accountants and financial advisers for medical specialists in Australia.
KEY ISSUES TO DISCUSS WITH YOUR MEDICAL ACCOUNTANT
- Do you have your Director IDs?
- Are your Wills up to date?
- Do you have any Div 7A loans in your company?
- Do you have the correct Services Agreements for any Providers & Practitioners – surgeons, doctors, injectors etc? (Payroll tax issues)
- GST implications for cosmetic procedures
- Is your BAS up to date?
- Is all the income being banked? – Fraud Prevention Activities
- Reconciliation to Accounting Software & PMS Software (MYOB/Quickbooks/Xero to Genie, PB, MD etc)
- Your best Structure – Trusts, Companies, Partnership
- Tax Strategy Planning & Tax Cashflow Forecasting
- Stock Control and COGS % – theft, loss and wastage
- Benchmarking against other practices
- Bookkeeping & Payroll Services (compliance)
- Asset Protection
- Medicare Audits
- Depreciation Schedule & Devices – Amortisation and Instant Asset Write Offs
- Specific Deductions for doctors
- Debt Structuring and Deductibility
- Structuring your Loans – HELP loans, Property Loans,
- Petty Cash & Receipt Management
- Wealth planning – SMSF
- Risk Management
WHAT SORT OF ACCOUNTING SERVICES ARE AVAILABLE?
- Start-Up Business Advice for Specialists and Surgeons
- Advice and Establishment of Your Business Structure
- Advice & Assistance with the Purchase or Sale of your Medical Practice
- Spreadsheets and Tools including a Start Up Expense Checklist
- Tax & Business Registrations including your ABN, TFN, GST, WorkCover etc.
- Preparation of a Business Plan, Cash Flow Forecasts and Profit Projections
- Accounting Software Selection and Training – Bookkeeping, Invoicing, Payroll etc.
- Preparation of Finance Applications for Banking Institutions
- Site Location and Advice Regarding your Commercial Lease
- Preparation and Analysis of Financial Statements
- Bookkeeping and Payroll Services
- Tax Planning Strategies
- Industry Benchmarking and KPI Management
- Marketing Advice including branding, brochures, website and social media strategies
- Website Advice and Assistance – Development, Content and SEO
- Wealth Creation Strategies, SMSF’s and Financial Planning Services
- Vehicle & Equipment Finance (Medical Equipment and Clinic Fit Out)
- Monitoring Labour Costs & Advice regarding Employee Relations and Workplace Laws
- Advice regarding Claiming Motor Vehicle Costs
- Business & Risk Insurances
- Business Succession Planning
AFR TOP 100 ACCOUNTANTS for Medical Practices & Doctors
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William Buck – NSW, VIC, QLD, SA, WA & NZ
William Buck takes pride in providing high-quality, reliable accounting services for medical specialists and plastic surgeons across Australia. The team at William Buck actively participates in the healthcare industry, prioritizing education and connection while providing a range of accounting services – from business and corporate advisory to restructuring and insolvency. William Buck has Health Industry Financial experts in each state. See Paul Copeland in Brisbane.
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Kelly + Partners – NSW, VIC & ACT
Kelly + Partners deliver industry-leading accounting services, helping every client to step closer to their long-term professional goals. With offices across ACT, Victoria, and NSW, they deliver a comprehensive accounting approach to each medical client, incorporating financial strategy, business planning, industry benchmarking, and risk management alongside accounting and taxation. See Brett Kelly
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Cutcher & Neale – NSW & QLD
Since 1953, Cutcher & Neale has been proud to offer clients a diverse range of services with uncompromising high quality. With medical clients held as a priority for more than 60 years, Cutcher & Neale are able to leverage this experience to provide expert accounting advice and business services to medical practitioners from all walks of life. See Jarrod Bramble, Shane Morgan, Stuart Chan & Nicole Brown
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Liston Newton – NSW, VIC & QLD
Liston Newton’s team of specialised financial leaders provides expert-led services to practice owners, with a focus on providing comprehensive support. Healthcare professionals across all medical industries and specialties can depend on Liston Newton’s specialist medical accountants for a variety of financial needs, from expert structuring advice to asset protection.
ACCOUNTANTS FOR SPECIALIST PRACTICES & MEDICAL CLINICS – WITH MULTI-STATE LOCATIONS
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DPM – VIC & NSW
DPM offers a range of expert medical financial services across the realms of accounting, insurance, and tax, aiming to help healthcare professionals to reach their full potential without stress. With a focus on empowering Melbourne and Sydney-based doctors to get the most out of their finances, DPM is proud to provide support during every stage of your medical and professional career.
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MEDIQ Financial – VIC NSW QLD
MEDIQ Financial is proud to share an in-depth understanding of the complex requirements of the medical industry, and use this knowledge to help medical professionals to make business and financial decisions that work for them. MEDIQ Financial offers a completely comprehensive range of accounting services and financial advice, no matter the medical industry or stage of your career.
NSW MEDICAL ACCOUNTANTS
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Wealthpreneur – NSW
As a leading small business accounting service in Sydney, Wealthpreneur understands the demands, challenges, and complexities of running a business – and they also understand what it means to be both a businessperson and a healthcare professional. Leveraging years of experience working with clients in the medical industry, Wealthpreneur supports all clients to maximise growth, minimise tax, and utilise intelligent solutions.
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Medical Accounting Services (MAS) – NSW
MAS is happy to provide expert accounting, business, and tax advisory services to a diverse range of NSW medical clients, including medical specialists, surgeons, and doctors in all stages of their career or business journey. MAS provides expert support and tailored guidance for clients despite changing circumstances or the evolution of personal goals, ensuring that you have an accountant you can rely on in the long-term.
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Prism Accounting – NSW
Based in Sydney, Prism Accounting specialises in offering comprehensive accounting and tax services to medical professionals. With years of proven experience working side by side with doctors, Allied Health professionals, and dentists, Prism Accounting builds a lasting relationship with every client to find a tax and accounting solution that works for your business.
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Practice One – NSW
Practice One blend years of industry expertise with the expert use of modern accounting tools to propel clients toward reaching their professional and personal goals. Offering proven Sydney-based chartered accounting services, the team at Practice One provides a comprehensive range of business services to doctors, specialists, and healthcare professionals.
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Optimum Business Advisory & Accounting Professionals – NSW
Optimum Advisory leverages 30 years of accounting and business experience to help all clients sustainably grow profit, find innovative solutions, and set their businesses up for success and growth in the long term. No matter the size, industry or stage of your medical business, Optimum Advisory’s team of specialists can guide you toward your goals with understanding and compassion.
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Castax (Cross Accountancy Services) – NSW
With multiple well-established branches throughout Sydney, Castax provides local and international clients with highly individualised accounting services, tailored to long-term business and personal goals. Castax offers extensive experience working with clients in the medical industry, from general practitioners to specialist surgeons.
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Sandercoe Accounting – NSW
Sandercoe Accounting has expertise in Accounting for Plastic Surgeons and Medical practice – See Nicole Sandercoe.
VIC MEDICAL ACCOUNTANTS
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Murdoch Partners – VIC
Murdoch Partners provide quality advice for medical practices. See Darren Smith.
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Medvisor – VIC
With specialists across a diverse range of accounting, business, and taxation services, Medvisor is proud to help medical professionals at all stages of their career to achieve both professional and personal goals. Medvisor has extensive experience providing medical accounting services to General Practitioners, surgeons, dentists, and other medical professionals across Melbourne, and uses this industry-specific knowledge to create tailored services that work for you.
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Marin Accountants – VIC
Based in Melbourne, Marin Accountants provides each client with advice and services that are personalised, innovative, and highly successful across industries. Marin Accountants believes in a tailored approach for each medical professional, private practice or start-up, taking into account the unique demands of the medical profession and avoiding a one-size-fits-all solution.
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Bongiorno’s – VIC
Bongiorno’s has been helping medical and dental professionals grow, manage and protect their wealth since 1964. Whether you are a young medical or dental student or a well-established professional, their expert consultants are can guide you on your financial journey.
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Craig Allen – VIC
For over 30 years, Craig Allen’s team has worked side-by-side with a diverse range of Melbourne clients to improve profit and tax results, create a strong financial platform, and navigate industry-specific challenges. With in-depth knowledge of the complexities and pressures faced by medical professionals, Craig Allen will set you up for success and provide the guidance needed to navigate challenges.
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Wilson Pateras – VIC
The award-winning accounting team at Wilson Pateras offers a comprehensive range of accounting services to help medical specialists and doctors achieve sustainable financial success. Accounting, tax services, financial planning, book-keeping, and Super-fund management are all incorporated into Wilson Pateras’ expert end-to-end accounting services, ensuring that you can fulfill all of your accounting needs at once.
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Curve Accountants – VIC
Curve Accountants are dedicated to providing support and guidance to medical professionals and specialists across Melbourne, Geelong and Moorabbin, investing in every client to create a strategy for success. The team at Curve prioritise transparency and trust, creating a lasting relationship with expert advice that you can count on – and guaranteeing growth of your business in the long-term.
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PPT – VIC
PPT’s team of more than 50 experts provides a diverse range of individuals and businesses across the Ballarat region with accounting, financial planning, tax, and insurance services. Combining a highly personal service with in-depth expertise, PPT is proud to build lasting relationships with clients. Whether you are at the start of your career or a successful businessperson, PPT has the expertise you need for financial success.
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Box Advisory Services – NSW
A small business and contractor accounting firm in Sydney and Parramatta, Box Advisory Services allows clients to enjoy the role of owning a small business, while their expert team of accountants takes care of the rest. The team at Box Advisory Services believes that accounting can be simple, with utilisation of modern technology and a trusting relationship with each client.
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The Co. Accountants – VIC
Boasting more than a decade of experience and a host of happy clients, The Co. Accountants are proud to offer cutting-edge, trusted financial advice to medical clients while maintaining never-faltering moral and ethical standards. Based in the Melbourne CBD, The Co. offers chartered accountants that you can trust, with a vision of improving the medical profession as a whole.
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Health and Life – VIC
Offering proven evidence-based advising in the medical and allied health sectors, multi-award-winning accounting firm Health and Life is passionate about helping medical professionals to create a practice that is successful and sustainable. Financial and strategic planning guides Health and Life’s clients to ensure future success while remaining informed about performance and profit in the short term. See David Dahm
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Oliluca – VIC
As one of Melbourne’s leading small business accounting firms, Oliluca provides medical clients with services ranging from business structure advice to tax planning and GST applications. No matter the size of your business or your current stage in the business journey, Oliluca’s team of experts can provide the guidance, advice, and solutions needed to guarantee success.
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Medical and Dental Accounting (MADA) – VIC
As a Melbourne-based accounting practice specialising in expert tax advice, MADA is passionate about helping medical clients to save money, implement highly effective strategies, and set their businesses up for long-term growth. After evaluating your current financial position, MADA will provide a comprehensive range of individualised advice and services including tax planning, restructuring services, and bookkeeping services. See Caroline Poon.
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Pace Advisory Group – VIC
No matter the stage of your business journey, Pace Advisory will help each client to understand and fulfil business and tax requirements while providing the knowledge and healthcare expertise required to meet long-term professional goals. Offering business advisory services, cloud accounting, Superannuation, and accounting and taxation services, Pace Advisory gives a comprehensive approach to any business and accounting needs.
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Foresight Accounting – VIC
Based in Malvern, Foresight Accounting works with medical professionals, business people, and entrepreneurs to provide expert-led finance strategies, growth, and guaranteed wealth management services. Foresight Accounting understands the issues and challenges faced by medical professionals, and uses this knowledge to provide clients with innovative solutions every step of the way.
QLD MEDICAL ACCOUNTANTS
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Crest Accountants – Gold Coast QLD
For more than 45 years, Crest Accountants have been trusted to provide innovative, successful accounting services to a broad range of Gold Coast clients. The team at Crest Accountants have in-depth knowledge of the requirements and complexities of the medical industry, and uses this knowledge to provide every client with specialist medical accounting, financial planning, asset protection, and more.
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Growth-MD – QLD
Growth-MD focuses purely on medical practices and offers personalised services – See Kelly Chard.
WA MEDICAL ACCOUNTANTS
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STC Partners – WA
Since 1993, STC Partners, Perth Accountant has offered medical clients expert accounting services that utilise years of expertise across industries. Whether you require business consulting or detailed accounting advice, Perth Accountant will leverage in-depth knowledge to offer accounting and financial services that are stress-free, cost-effective, and efficient.
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Smith Coffey – WA
Based in Perth, Smith Coffey offers accounting services from a highly experienced team of medical tax accountants, which will help you to grow your business, reduce taxes while driving increased profit, and create a tailored financial strategy that works for you. Since opening in 1972, Smith Coffey has worked side by side with thousands of medical professionals across industries, helping each client to grow profit, protect their risks, and manage wealth effectively.
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Nav Accountants – WA
Nav Accountants know the stress and high tax rate faced by medical professionals, and are passionate about making tax, advisory, and financial decisions easy, smart, and stress-free for doctors and health professionals. With a comprehensive selection of accounting services designed for health professionals, Nav Accountants can help you ensure success in the long term.
SA MEDICAL ACCOUNTANTS
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Nitschke Nancarrow SA
Prioritising a holistic and uncomplicated approach, Nitschke Nancarrow offers all financial advisory and accounting strategies in one comprehensive package. Whether you need bookkeeping services, financial planning, superannuation management or financial statements, Nitschke Nancarrow’s team of experts and medical specialists will make medical accounting easy.
BUSINESS ACCELERATOR NETWORK ACCOUNTANTS
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PFG Accountants – NSW
For a competitive edge in your industry, Bankstown-based PFG Accountants & Advisors provides innovative solutions aligned with your ambition as a business owner. PFG Accountants look beyond financial statements to provide expertise with specialist services such as self-managed superannuation and mentorship through the business start-up process. Leveraging tools and templates based on years of experience, PFG helps entrepreneurs and business owners to fast-track growth and sustainable success.
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Eustice & Co – VIC
Eustice & Co takes pride in offering accounting services through the lens of a true understanding of the medical industry, from surgeons to specialists. In addition to financial services, Eustice & Co provides clients with guidance around branding and social media strategy, setting you up for success in a digital world while leveraging cutting-edge accounting software to save you time and money.
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Owen & Peach VIC
With a well-earned reputation as business start-up specialists, Owen & Peach prioritise delivering an industry-specific competitive edge to every client while creating a lasting relationship that is built around transparency. Using specialist tools and templates to streamline business success, Owen & Peach are proud to provide specialist medical accounting advice that works for you and your business.
THINGS TO LOOK FOR IN AN GREAT MEDICAL ACCOUNTANT
- Expertise in Medical Industry and your medical specialty
- Responsiveness
- Confidentiality
- Ability to provide the services you really want
- Knowledge of latest tax rulings and implications – like Payroll Tax on practitioners, Div 7A loans, Business Structures etc
DISCLAIMER – This list is provided as a service for medical practitioners for your reference. David Staughton and SPE make no guarantee of the quality and performance of these accountants and financial advisors. Please do your own due diligence when selecting your accountant.
ACCOUNTANTS – If you would like to alter your listing or be added to this list – please send an email.
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