Small Business Accounting

Knowledge Base

Your accountant can do more than just tax returns—they can be your most valuable business mentor. Learn how an accountant can help you grow, strategise, and make confident financial decisions

As a medical professional, your practice isn’t just a business, it’s a platform to provide care, build relationships, and make a difference. Scaling your practice to meet growing demand is exciting, but it also comes with financial challenges. Whether you’re expanding your team, upgrading equipment, or opening a second location, a solid financial strategy is key to sustainable growth.

One of our clients, a cardiologist, came to us feeling frustrated. They were earning a strong income and investing regularly, but their wealth wasn’t growing as fast as they’d hoped. After reviewing their situation, we found several areas for improvement. Their investments were held in their own name, which meant they were paying taxes at the top marginal rate. They were also missing out on key deductions and weren’t using their superannuation accounts to their full potential. We worked together to restructure their finances. By moving their investments into a family trust, they could distribute income to family members on lower tax rates. We also restructured their loans to reduce interest payments, freeing up cash flow for other investments. One of their properties was operating at a loss, but we used negative gearing to offset their taxable income, saving them thousands. Finally, we optimised both their and their spouse’s super accounts, taking advantage of lower tax rates to build long-term wealth. The results were immediate. They now save $10K annually in taxes and have better cash flow, allowing them to invest more effectively. Their assets are also insulated from potential litigation, giving them peace of mind about the future. This is a perfect example of how the right advice can make a world of difference. If you’re feeling stuck or unsure about your financial progress, a specialist accountant can help you unlock new opportunities and achieve your goals faster. You’ve worked hard for your success, it’s time your finances reflected that.

Discover how medical and healthcare professionals can build wealth without adding stress. Reduce taxes, optimise investments, and automate your finances with specialist accounting strategies.

Are you overpaying on taxes or leaving your assets unprotected? Discover how specialist accountants help doctors save money, safeguard wealth, and plan for a secure financial future.

When you’re running a business, having insurance in place often feels like a safety net. You’ve checked the box, paid the premiums, and you can breathe a sigh of relief. But are you truly covered? Many business owners believe they’re protected, only to find gaps in their coverage when it’s too late.  It’s not uncommon to assume you’re safeguarded, but the reality is that insurance and asset protection strategies need regular review, especially as your business and personal circumstances change.

You’ve worked hard to build wealth and provide for your family. But when it comes to passing that wealth on, are you aware of the potential tax implications? While Australia doesn’t have a direct inheritance tax, that doesn’t mean your beneficiaries are completely off the hook. There are other taxes that can come into play, especially when it comes to inherited assets or superannuation.

Did you know the ATO has a small business portal with heaps of handy advice on managing your business taxes? We’ve highlighted six of the most popular courses.

Discover why running a business feels harder than ever and how to regain control of your finances. In this blog, we explore common challenges faced by business owners, from cash flow issues to lost focus, and offer practical solutions to turn things around. Learn how expert financial guidance from THN & Samios Partners can help you overcome obstacles and get back on track.