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MEDICAL ACCOUNTING SPECIALIST

Accounting solutions and expert tax advice for doctors and health industry professionals

Common Tax Return Mistakes Doctors Are Making 5

Medical

Common Tax Return Mistakes Doctors Are Making 6

Dental

Common Tax Return Mistakes Doctors Are Making 7

Allied Health

Common Tax Return Mistakes Doctors Are Making 8

I AM A DOCTOR OR DENTIST

I AM A PRACTICE OWNER


As a busy medical practitioner facing unique challenges, you understand the importance of having access to timely and relevant advice from a Medical Accountant who is an expert in their field.

Prism Accounting is a full service Chartered Accountants firm providing Accounting, Taxation, and Business Advisory services to doctors, dentists and allied health professionals. Whether you are an individual practitioner or a practice owner, our solutions are tailored to your specific needs.

Our services range from tax compliance and financial reporting to strategic tax planning and complex tax advisory. We also provide medical practice business advisory services to help owners achieve their goals and performance targets.


OUR SERVICES

Common Tax Return Mistakes Doctors Are Making 9
TAXATION & ACCOUNTING
Common Tax Return Mistakes Doctors Are Making 10
SPECIALIST TAX ADVISORY
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MEDICAL PRACTICE ADVISORY
Common Tax Return Mistakes Doctors Are Making 12
MEDICAL BOOKKEEPING

TAX TIPS AND NEWS FROM OUR BLOG

Hiring Employee

Hiring Employees Checklist

Hiring employees for your Medical Practice can be a challenge. This checklist contains essential steps to guide you through the process of hiring workers.

Common Tax Return Mistakes Doctors Are Making 1

Common Tax Return Mistakes Doctors Are Making

The ATO audit hotspots for individuals are cryptocurrency, rental property expenses and work-related expenses. Avoid common tax return mistakes doctors make in their tax returns.

Common Tax Return Mistakes Doctors Are Making 2

Employing a Spouse: 7 Important Considerations for Doctors

One of the most common questions we get asked by doctors and dentists working in private practice is “Can I employ my spouse and claim a tax deduction for their wages to reduce my tax?”

Common Tax Return Mistakes Doctors Are Making 3

Key 2022-2023 Federal Budget Measures Affecting Doctors

The Treasurer delivered the 2022-2023 Federal Budget on Tuesday 29 March 2022. We have listed the key measures likely to affect doctors and medical businesses.

Common Tax Return Mistakes Doctors Are Making 4

Don’t Forget to Apply for a Director ID from 1 November 2021

From 1 November 2021, Directors of Australian companies will need to apply for a Director Identification Number (Director ID). Applying for a Director ID is compulsory.

Medical practice owners concerned about payroll tax following Thomas and Naaz case

Thomas and Naaz Case: Payroll Tax Exposure Concern for Medical Practices

Medical Practices are in the spotlight again over Payroll Tax obligations following the decision in Thomas and Naaz case.

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