Small Business Accounting

Knowledge Base

Earning over $200K? You could be paying more tax than necessary. Discover smart, legal strategies to reduce your tax bill, from superannuation and investment structuring to salary packaging and deductions. Learn how to keep more of your income while staying 100% compliant.

Thinking of investing in a medical practice? From business structure and tax planning to financial due diligence and compliance, this guide covers the key factors to ensure long-term profitability and success. Learn how to optimise your investment and manage risks effectively

High-income professionals can save thousands with proactive tax planning. Learn strategies for minimising tax, protecting wealth, and optimising superannuation.

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.