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.
TAXATION & ACCOUNTING
SPECIALIST TAX ADVISORY
MEDICAL PRACTICE ADVISORY
TAX TIPS AND NEWS FROM OUR BLOG
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.
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?”
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.
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 Practices are in the spotlight again over Payroll Tax obligations following the decision in Thomas and Naaz case.
Common types of income misreported or overlooked include Cryptocurrency Gains, Scholarships, Personal Service Income, Assessable Industry and Government Payments, Capital Gains.