Accounting & Taxation
We pride ourselves on our understanding of the business of medicine. This translates to the quality of our accounting and taxation services and the advice we provide.
Accounting and taxation structural advice for medical, dental and allied health professionals
The most important aspect of accounting and taxation is ensuring you have the correct business and investment structure in place for operating your practice. This applies to whether you’re an individual doctor, dentist or allied health professional or whether you own a practice. There are a distinct set of structures and rules that apply to medical professionals as opposed to other professions. As specialists in medical accounting and taxation, we know how best to leverage these and give you not only the best advice but also the best financial outcomes. At Curve we have a wealth of experience advising on the correct structure that carefully considers asset protection for the medical professional and optimising the tax efficiency of your overall business and investment structure. Understanding the method in which a doctor, dentist and allied health professional is engaged at their practice is extremely important in identifying the tax treatment of income generated. It’s important to get it right to ensure you remain compliant with the various tax laws and rulings.
Preparing financial accounts in real time
Preparing financial accounts nearly 12 months after the end of financial year to meet lodgement date deadlines is a thing of the past. At Curve we encourage the use of live accounting software called Xero to allow preparation of financial accounts in real time. Xero automatically imports your bank statements daily so you can keep abreast of your cashflow. Xero has a full suite of accounting features such as invoicing, payables, expense claims, GST, tax returns, reporting and much more. As a Xero Certified gold partner we can introduce you to Xero and have you up and running in no time. The idea is to have current financial accounts prepared and up to date each month. This not only provides you with a clear picture of where you are at in terms of profitability of your practice but allows us to provide advice throughout the year rather than relying on historical data.
Accounting and taxation services
Curve are specialists in providing financial services for doctors, dentists and other medical professions. Our services include:
- Preparation and lodgement of Business Activity Statements (BAS)
- Tax planning and effective tax structures
- Alignment of tax and investment strategies including superannuation
- Preparation of annual financial accounts and submission of tax returns
- Cash flow management and budgeting advice
- PAYG tax liability review
- Practice structure
- Wealth creation and wealth management
- Estate planning
- Retirement planning
- Entry and exit strategies to practice ownership
Proven & Effective Tax Planning
Over several decades we have proven our ability to legally minimise our clients’ tax liabilities through the intelligent use of ‘before the event’ tax planning. Not only does this mean our clients minimise tax – it also means that they can sleep comfortably at night knowing that they have met all of their tax obligations.
What’s more, our tax planning is complemented by all other aspects of our service. We don’t just show you how to save money – we show you how to get the most out of that saving by using it to enhance your wealth and well-being, in ways that keep you in control of your money at all times.
Get in touch for a FREE consultation
PO Box 81
Moorabbin VIC 3189
(03) 9588 9000
‘Spaces’ Level 1, 580 Church Street
Richmond VIC 3121
(03) 9583 6533
Suite 1, Level 1, 27-31 Myers Street
Geelong, VIC 3220
03 5221 1744
Level 12, 269 Wickham Street
Fortitude Valley QLD 4006
07 3338 5721