Medical Doctors
NSW Health Employees
Having an accountant that specialises in the healthcare industry means that you will be talking to someone that understands your profession and the unique issues you face.
If you are a NSW Health employee, whether an intern, resident, registrar, or a consultant, we can help you navigate through NSW Health Awards, salary packaging, healthcare related deductions, as well as answer any questions you have about taking up new roles and pay arrangements.
Our fees are extremely competitive for NSW Health employees as we don’t believe in charging unreasonable premiums for healthcare specific services. We price our services fairly to match your career stage and the scope of services and advice you require.
Private Employees
If you are an employee of a private practice, hospital or charity, we offer role specific advice on maximising your pay, getting your accounts and taxes in order, as well advice on how best to minimise your tax whilst increasing the benefits you take home.
Individual Contractors
While working as a contractor, either as a specialist or registrar, might seem similar to being an employee, it is fundamentally different. You are generally responsible for your own insurance, accounting, taxes, superannuation, and must act accordingly. You are in effect running a small business and must navigate through all the issues that come with it.
When you partner up with PracMD, you won’t have to navigate the small business maze alone. We provide tailored services that include both traditional business services such as accounting and tax, as well as crucial business advice to ensure that everything runs smoothly for you and there are no nasty surprises. Have PracMD's experts on your side from day one!
Dentists
Dentists operate in a wide variety of practice structures, and it is essential to get your accounting and taxes right. As an employee, you really shouldn’t be paying the same as a practice owner or operator. Similarly, if you take on work as a contractor using your own ABN, you have a wide range of statutory obligations to meet throughout the year, and steps to undertake to ensure that you won’t be hit with a big tax bill at year-end.
At PracMD, our experts understand different dental practice structures, and the wide range of associated expenses and deductions you are entitled to. Our experts will optimise your position no matter how simple or complex your work situation is.
Our most common services for dentists are:
- Individual income tax returns
- Contractor arrangement set-up
- Contractor accounting, tax, and ATO compliance
- Advice on obligations as a contractor
- Advice on buying into a practice
- Advice on starting your own practice
Allied Health
Whether you’re a pharmacist, physiotherapist, dietician, psychologist, or other allied health professional, PracMD can help you get your accounts and taxes in order whilst helping you navigate the healthcare industry and your next steps – especially if you see yourself starting a practice in the future.
PracMD's' staff are familiar with healthcare related deductions and practice structures, and you can always ask questions about pay within the industry that other accountants simply won’t have a clue about.
Our most common services for allied health professionals include:
- Individual income tax returns
- ABN registration
- BAS preparation and lodgement
- Practice consulting
Students
If you’re studying a degree in the healthcare field, chances are you will start to need more specific advice about entering the industry as you progress through your degree and get closer to graduation.
PracMD offers all of its services to students and provides you with advice on everything from understanding pay awards, to ensuring you are set up and ready to start receiving an income as a healthcare professional.
Our experts are familiar with the healthcare industry and will work with you to ensure that you are sorting out everything from your AHPRA registration to your provider number as it falls due. This is in addition to sorting out your tax file number, Australian Business Number, superannuation, salary sacrifice, and preparing and lodging your tax return.
Best of all, PracMD offers these services at affordable rates for students, so you can focus on your studies rather than worry about paying your tax bill!
