Clarity & Strategy:
Insights for Medical Professionals
Understanding Healthcare Business Valuation: A Key to Success for Medical Practices
A healthcare business valuation provides an objective assessment of what a medical practice is worth. It examines both financial performance and the operational factors that influence value, helping practice owners identify strengths, risks and opportunities within the business. An accurate business valuation can also provide a benchmark for measuring growth, assessing business performance and supporting future planning.
The Benefits Of Healthcare Advisory Services For Your Medical Business
Running a medical business takes more than clinical expertise. It requires clear financial direction, the right business structure and informed decision-making at every stage of growth.
That’s where healthcare advisory services can make a measurable difference. For private practice owners and medical professionals, the right advisory support strengthens profitability, improves clarity, and helps you build a more valuable and sustainable business.
Borrowing to Pay your PAYG Instalments? Why You Should Think Twice
Many doctors are being told they can borrow to pay their PAYG Instalments and claim the interest as a deduction. While it sounds appealing—especially when tax feels overwhelmingly high—this strategy is incorrect, risky, and not supported under Australian tax law. In this article, we explain why borrowing to pay tax is never deductible, why medical professionals should be cautious about this advice, and the smarter, compliant strategies that genuinely strengthen your financial position.
Thinking of Buying Your Rooms? A Guide to Purchasing Medical Rooms via SMSF
Self-Managed Superannuation Funds (SMSF) have become an increasingly popular investment vehicle in Australia, offering individuals, particularly medical professionals, greater control over their retirement savings. For doctors, dentists, and healthcare specialists, purchasing medical suites through an SMSF presents a strategic opportunity to secure a long-term practice location or create a steady source of passive income.
This blog outlines the key benefits and considerations of acquiring medical rooms using an SMSF, focusing on practical applications for those working in or investing in the healthcare sector.
Pitfalls of Buying Luxury Cars in a Trust or Company for Medical Professionals
Thinking of buying a luxury vehicle through your medical company, trust, or business? You may be driving straight into a Fringe Benefits Tax (FBT) trap. This comprehensive guide breaks down why commuting is not tax-deductible, how the ATO treats home office claims, and the strict limits on GST credits and depreciation for luxury cars.
2025 Tax Planning Strategies
As 30 June 2025 approaches, it’s the ideal time for medical and dental professionals to review their tax position. From boosting super to prepaying expenses and managing work-from-home deductions, effective planning now can lead to significant tax savings. Here’s what to consider before the financial year-end to maximise your outcomes and stay ATO-compliant.
ATO Guidance Update - Working From Home Deduction
The Australian Taxation Office (ATO) has issued new guidelines to help you in making a claim for running expenses using the fixed cost method, while working from home from 1 July 2024.
Tax Deductibility of Advice Fees: Insights from ATO’s Latest Update
Learn about the ATO’s new guidelines on tax-deductible financial advice fees. Understand the latest rules under TD 2024/7 to help maximise your deductions and manage your tax affairs more effectively.
2024 Tax Planning Strategies
Reviewing and optimising your tax situation is essential as the end of the financial year approaches 30 June 2024. Effective tax planning can enhance your financial outcomes by reducing tax liability and strengthening your investment portfolio. Here’s a comprehensive guide to help you understand various tax planning strategies you should consider.
Electric vehicle home charging expenses
If you own or lease an electric car used for work and use the logbook method to calculate deductible running costs, determining the cost of charging the vehicle at home can be complex. The ATO guidelines aim to simplify this process. If you meet certain criteria, you can opt to calculate electricity costs using the EV home charging rate, initially set at 4.20 cents per kilometre.