Managing and protecting your wealth through tailored medical industry accounting services
Are you looking for a team that understand the technicalities of medical accounting and tax requirements? TW Accounting can help.
Whether working under an institution or a private practice setting, our team of medical industry accountants will ensure your finances remain in good health. Puns aside, we understand the unique compliance and legal issues, insurances and operating costs that come along with working within the medical and health sector. Supported by our experience working with doctors, specialists, as well as larger medical centres and pharmacies, we focus on the reduction of taxes, decreasing operational costs, and ultimately, increasing your profits, all whilst retaining compliant.
How TW Accounting can help with your medical accounting
Private practice setup
Making the decision to open your own private medical practice or allied health service is a big undertaking. Our team understand the general legal and regulatory requirements of all Australian Businesses, as well as the particulars that relate to the medical industry. We’re here to support you with a range of services, including business registrations, company structures, payroll systems and registering for GST.
Staff, IT and data security systems
As a team that specialise in cloud software systems, we can assist with the set up and ongoing management of your payroll, expense tracking and taxation reporting. We also understand the sensitive nature of data within the medical industry and ensure your financial data collection and storage systems meet relevant medical industry legal and accounting standards.
Our specialist medical accountants will put you on the right path from the very start, by guiding you on how to structure your business in order to take advantage of available tax concessions and deductions that apply to your medical service. We will also help to minimise payments and increase efficiencies through the implementation of cloud accounting system such as Xero which can manage your finances throughout the year (and save on billable hours come tax-time).