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Professional Accounting for Medical Practitioners

Expert accountants at Owen & Peach offer top-notch health and wellness accounting services in Melbourne and have worked with medical practitioners over the past decades. Our accountants are eager to help you through the various stages of your business life cycle, from start-up to the sale of your medical practice. 

Owen & Peach recognise that running a medical clinic is very demanding as it involves dealing with public health. Our clients include numerous healthcare professionals, including chiropractors, physiotherapists, and specialists. Besides offering assistance with the usual compliance issues of BAS, GST, PAYG and superannuation, we provide expert advice on the most appropriate tax structure for your medical practice, and many dentists and doctors operate through a service trust arrangement. 

Every medical professional wants to grow their business, their wealth and profits. Several of our clients have a self-managed superannuation fund (SMSF) built into their tax structure for the same reason. 

Comprehensive Accounting for Health and Wellness Services

Owen & Peach understands the unique challenges that health and wellness professionals face regarding finance management. Our team of Accounting for Medical Practitioners offer expert accounting for health and wellness tailored particularly for your industry. 

Every health and wellness business is unique and offers diverse services and products. Our experts take time to understand your specific needs and create tailored solutions that keep your business on track. From burgeoning wellness entrepreneurs to holistic healing professionals, our comprehensive services cater to all. 

Cloud-based accounting and financial management services at Owen & Peach exceed much beyond conventional bookkeeping. Our health and wellness accounting involves more than just crunching numbers in Melbourne — we help you understand what those numbers mean for your business. We tackle everything from financial planning to medical billing, offering a solid foundation for making informed business decisions. 

How Does Owen & Peach Help in Tax Planning and Preparation?

Tax season is stressful — it is more the case when you have to juggle the demands of running a health and wellness business. Being updated with the latest taxation laws and regulations, experts offer tax planning and preparation services that make the process easier. We ensure you’re always compliant and can take advantage of any available tax benefits. 

Expert financial management is vital for any healthcare business. It ensures patient payments are tackled promptly and that your business financial records are updated and accurate. At Owen & Peach, we take this responsibility seriously. Thus, we offer meticulous attention to detail in all our accounting services. 

Choosing an expert accountant for your health and business facility is critical. Owen & Peach have years of experience in full-cycle accounting processes for healthcare professionals. We offer unmatched financial services to help your business succeed.

Boost Your Marketing With a Medical Practitioner

Marketing plays a massive role in the gloom and boom for medical practitioners. 

Our Services of Accounting for Medical practitioners often rely on referrals and reputation to grow their business. While these ingredients remain important, one needs to shift your marketing focus online today. In recent years, local online searches have driven traffic to your website, making your website the first touch point with a prospective patient or new customer. 

What makes us different from other accounting firms is our marketing expertise! Experts working with us assist you with your branding (business name, slogan and logo) and corporate brochure. We help you harness the power of social media to win more referrals. We have helped dozens of clients create quality, affordable lead-generation websites responsive to tablets and smartphones. 

What Do We Do For You?

As a business, you get only one chance to make an excellent first impression. Your website is your ‘online shopfront’ — it is the silent salesperson who works 24/7 to promote your business. Our experts are at your service to offer expert guidance and advice with your website content, including video production. Moreover, if your website demands lead magnets or calls to action, we help you build them. We also introduce you to strategies like search engine optimisation and re-marketing to drive more traffic to your website. 

Our marketing process begins with your branding. Experts at Owen & Peach use online resources to help you build a modern brand that resonates with the target market. 

We help you develop your stationery at a minimal cost by engaging a marketing consultant or a graphic artist. 

Our team of medical specialists at Owen & Peach provide physiotherapists, dentists, GPs, osteopaths, surgeons and optometrists a range of taxation, accounting and business coaching services that include

  • Advice and Establishment of Your Business Structure 
  • Start-Up Business Advice for Medical Practitioners 
  • Spreadsheets and Tools, including a Pricing Calculator and Start-Up Expense Checklist 
  • Advice and Assistance with the Purchase or Sale of Your Medical Practice 
  • Tax & Business Registrations, including your ABN, GST, TFN, WorkCover, etc. 
  • Accounting Software Selection and Training — Bookkeeping, Invoicing, Payroll, etc. 
  • Preparation of a Business Plan, Profit Projections and Cash Flow Forecasts 
  • Site Location and Advice Regarding Your Commercial Lease 
  • Preparation of Finance Applications for Banking Institutions 
  • Bookkeeping and Payroll Services 
  • Preparation and Analysis of Financial Statements 
  • Industry Benchmarking and KPI Management 
  • Marketing Advice, including brochures, branding, website and social media strategies 
  • Income Tax Returns and Tax Planning Strategies 
  • Wealth Creation Strategies, SMSF and Financial Planning Services 
  • Monitoring Labour Costs & Advice regarding Employee Relations and Workplace Laws 
  • Vehicle & Equipment Finance (Medical Equipment, Treatment Tables and Clinic Fit Out) 
  • Business Succession Planning 
  • Advice regarding Claiming Motor Vehicle Costs 
  • Business & Risk Insurance

Owen & Peach is much more than mere accountants. We are profit builders and advisors who effectively serve the needs of many general medical practitioners, dentists, and specialists. Trust us for professional strategies to grow your business, wealth, and profits. 

Your Ultimate Partner for Medical Practitioners

The health and wellness industry is booming. The challenges of managing your finances grow simultaneously with your business. Allow Owen & Peach to partner with you in your success. As we tackle numbers and marketing strategies, you can focus on what you do best — helping people live healthier lives. 

Over the past decades, the medical profession has emerged as a real niche within our expert team of accounting for medical practitioners. Looking to get the right advice when buying, starting or developing your clinic or medical practice? Contact us TODAY! 

To know more about our professional accounting services for health and wellness businesses, Visit us.

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