For over three decades Abbotts have been helping their medical practitioner and medical specialist clients successfully navigate the Australian taxation system.
Be they salaried or service contracted general practitioners (GPs), locums, specialists, consultants, dentists, optometrists or other allied health professionals - we understand your complex financial needs, and utilise our expert knowledge in taxation and financial services to provide peace of mind for our clients who seek exceptional outcomes to their professional and lifestyle goals.
We can offer our expert advice to help your particular individual or businesses needs with the provision of various taxation and accounting services, including:
- Strategic taxation planning
- Debt & cashflow management
- Management reporting
- HR and payroll
- Advisory services
- Budgeting and forecasting
- Business systems integration
Talk to a specialist
What kind of difference can we make to you and your business?
Use the button below to book a free 30 minute consultation so we can discuss and understand your unique circumstances.
Meetings can be in person or over the phone.
We have considerable skill and experience in extracting substantial positive value for the financial outcomes of our clients in the medical profession. We provide guidance and assistance in the creation and management of their wealth building and preservation strategies through our consultants at Abbotts Wealth Management.
Unfortunately running your own business is inherently risky and to a great degree risk is unavoidable. But a desire to minimise risks to your personal assets is perfectly understandable. We here at Abbotts understand those concerns and and look to minimise business risks with considered business structuring and planning, along with other financial and administrative pressures and complexities that go hand in hand with well run and well managed medical practices, dental clinics and other medical-related businesses.
Medical KPI Guide Book
Looking to gain a deeper understanding of the financial comings-and-goings of your medical practice? Click the button below to find how to make the most of the data your practice makes with the use of KPIs.
Taxation laws are as complex and detailed as any law in our land and you are entitled to seek out a thorough understanding of those laws to ensure your affairs are managed in a way that attracts no more tax than you are legally obliged to pay. The devil, as they say, is in the detail and we are very good at understanding the details of taxation law.
We strive to provide substantial positive value to your financial life by explaining the tax laws to you in the simplest terms, so you have a good understanding of your taxation affairs. We can also prepare tax estimates and assist you with the implementation of tax planning strategies to minimise your tax liability.
We are in business to serve our clients first and foremost and any strategy or product recommended is chosen as it is in our client’s best interest, not because it pays any commission or incentives. Our team is transparent and open and we work collectively with our clients to develop strategies and recommendations to help them achieve their lifestyle and financial objectives at a reasonable and fair cost.
Your wealth portal
Take control of your finances with a personal wealth portal to get a live snapshot of your entire financial world.
From property and bank accounts to loan repayments and insurance, keep track of everything you own and owe with a live view of your personal finances. Being a secure read-only service, the wealth portal cannot be used to move or modify funds, so is a great option to safely review your financial accounts while on holidays. With next-gen document management features, use your portal to securely store important documents for easy reach on any device.
Superannuation (incl. SMSF)
Superannuation is one of the best ways to save for retirement. We provide comprehensive advice on the rules and options for contributing to superannuation as well as the tax and legal obligations that relate to superannuation.
As qualified and licenced financial advisors through Abbotts Wealth Management, we can develop and recommend appropriate superannuation strategies to help you meet your retirement goals and objectives like: consolidating your superannuation funds, making additional super contributions and commencing transition-to-retirement or account based pensions. We have researched and analysed superannuation products for our clients that we hope will provide them with risk-adjusted return outcomes that meet their objectives.
As a registered SMSF auditor, Abbotts is able to carry out the annual financial and compliance audits of an SMSF's operations. All relevant reporting requirements can be satisfied to ensure your SMSF has complied with the SISA legislation and regulations in the SISR. We can also explain the record keeping requirements of SMSF entities and show the time frames each document should be held for.
Business Coaching and Advisory
We provide tailored reporting (incl. budgeting, forecasting, trend analysis and benchmarking) and commentary to present and manage our client's unique business goals. You want to know what is happening to your business and where improvements can be made - you should be provided every means to track this and make the correct decision for your business future.
Partner, Abbotts Chartered Accountants
Chris has been a part of the Abbotts Team since 1987 and has worked in the accounting profession since 1983. He qualified as a Chartered Accountant in 1991 and was appointed as a Partner in Abbotts Chartered Accountants that year.
Wealth Management Consultant
Andre uses his specialist knowledge to provide clear, easy to understand advice designed to help his clients enjoy their retirement with financial independence. His clients can expect to have a trusted professional working relationship which he believes is necessary to create, grow and protect their wealth.
Partner, Abbotts Chartered Accountants
David is our Tax Specialist and has worked in the tax and accounting field since 1982. David spent several years early in his career working in the ATO. He joined the Abbotts team in 1997 and became a Partner of the Practice in July 2000.
Director, Abbotts Finance Brokers
Bez's expertise lies in assisting investor clients to reach their next financial, business or personal milestone by utilising and applying his many years of experience in finance.
Contact Abbotts today to talk to someone who understands the needs of medical and dental professionals
Please fill in the form below and one of our staff will be in touch.