Medical Accounting
We provide medical accounting services that are tailored and specialised for medical professionals and practices. Get access to the experts who will help grow your medical practice, save you money and ensure you remain compliant with the ATO!
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Medical Accounting Services
Getting the right advice is the smartest thing you can do to help grow your medical practice. Whether you are a doctor, specialist or a practitioner such as a radiologist or physio, you know how important experience is when it comes to assessing major situations. Well, it’s no different for your taxes.
POP Business will help you to save time and money, while helping you get the best possible refund.
Our medical accountants will help you to manage your finances, keep your books in order, deal with tax obligations or make sure your financial health is taken care of. We can help you with:
- Business and personal tax returns
- Bookkeeping services
- Medical deductions - what you can claim
- Tax planning and strategic advice
- Business Activity Statements (BAS) and more
Why POP Business?
A key benefit of working with medical tax accountants like POP Business is that we understand the complexities of your field. We have years of experience in helping a range of medical professionals from general practitioners, dentists, optometrists, surgeons and clinic managers.
We’re different from the local accountants nearby because we’re cloud-based. That means we can help you out without you having to travel to us as we can provide on-demand support. Our processes are savvy, tech-driven and streamlined, which is why we can offer top-notch services at affordable prices.
With POP Business, you will receive personalised advice from a trusted accountant who will look at your big picture and provide advice on business, lifestyle and personal financial goals.
Australian businesses that love our services include:
Jinitech Group
Surfboardbroker
Autism Swim
PS40
Ocean Solar
What Our Customers Say
Whatever your tax needs, our team of experienced POP Business Accountants have got you covered.
Perhaps your small business is behind on your annual tax obligations?
Maybe you’d like to know if there’s other smart ways you can minimise your tax?
Or, it could be you’re looking for expert advice on how to growth-hack your business.
Good news. POP Business are the pros at all three.
Tax shouldn’t have to be so… well, taxing. Drop us a line and you’ll never look back.
Medical Accounting FAQs
What can doctors claim on tax returns?
Doctors and other medical professionals can claim a wide variety of tax deductions that are incurred in the running of your clinic, or in performing your duties.
Common tax deductions for doctors include:
- Car expenses if you travel between different jobs on the same day (e.g. different clinics)
- Travel expenses, including accommodation and meals, when you stay away from home for work
- Professional association membership, such as with the Australian Medical Association
- Work clothing and uniform
- Phone and internet expenses, including when you take work related calls or telehealth calls from home
- Professional indemnity insurance
- Software and licensing fees
- Stationary and office supplies
- Equipment maintenance and repairs.
- Self-education expenses
For more information on the tax deductions you can claim as a doctor or medical professional, speak to one of our consultants today to organise a tax planning session with one of our accountants and business advisors. We’ll help you navigate and plan ahead of the end of financial year and optimise your tax position.
Can doctors claim Scrubs?
Yes, doctors and medical professionals can claim scrubs as part of your uniform. This also includes occupational specific clothing and protective wear, as well as the cost for laundry and dry cleaning.
However you can’t claim a deduction on ordinary clothing you wear for work, e.g. jeans and shirts you wear under your scrubs or doctor’s coat.
Can you use Xero for medical practices?
Yes, Xero can be used for medical practices. At POP Business, we use a number of cloud accounting software to deliver our high quality medical accounting services. We manage your cash flow and expense organisation needs with MYOB and Xero accounting software.
Medical Accounting Services
Are you worried about your financial health and need medical accounting help? Look no further than POP Business! Get started with us by calling us or filling out our contact form below.
Get Your FREE Quote
We’ll get back to you within one business day.
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