Your medical practice business structure and tax planning for doctors
When you are ready to establish your own private practice, it's vital you have the correct business structures in place from the start.
Each structure has its own benefits and limitations, so it is vital to choose one that meets your needs and adheres to ATO guidelines while producing tax benefits.
Choosing the wrong structure can make a significant difference to your wealth and financial security.
We can help you
Decide on the most suitable medical practice business structure – sole trader, partnership, trust, SMSF or limited company
Establish and implement your medical practice business structure
Help prepare a business plan, cashflow projections, budgets, and trading forecasts
Assess your finance requirements, advise on the best sources of finance and draw up the necessary proposals
Establish a good working relationship with your bank
Register for an ABN
Complete registration with the Australian Securities and Investments Commission
We have built a specialist network of professionals to assist you in all areas of establishment and successful medical practice management. When your needs are outside our inhouse expertise we can introduce you to experts that we know and trust in the areas of legal advice, IT, virtual practice management and more.
Want to know more?
If you have any questions about how we can help you with business structure or tax strategies, book a complimentary meeting at a time that suits you.
Walshs Practice was established in 1991 and has grown to become one of South East Queensland's leading accounting and financial planning firms. Walshs encompasses tax and accounting services, business structuring, wealth advice, business services, superannuation and retirement planning, finance, insurance, lending and estate planning all under one roof.
All advice on this site is general in nature and does not take into account your personal circumstances. Please do not hesitate to contact one of our adviser accountants or financial planning advisers if you have a query that is specific to your circumstances.