For your clients who have medical clinics or centres, having their practice adequately insured is important. We wish to share insights with you, as their trusted advisors, to ensure you and your clients are aware that we often find that medical practices are over or underinsured.

When most traditional businesses are considering bringing someone new into their practice, a lot of the focus is channelled towards what will reap the most benefit, and minimise the most risk. One important element to consider is whether to engage a contractor or hire an employee.

As an accountant, financial planner or lawyer, you are often one of the first professionals a medical practice owner gets in touch with when they are looking to set up a practice. It is often the case that a practice owner finds themselves caught up in the busyness of setting up a practice and while they are focused on getting the facilities and staffing organised, they might be in a situation where they give little thought to signing a lease or sublease with a pathology company.

Do you run a medical practice and are you considering bringing on board another partner? There can be some great benefits in expanding your practice such as lightening your personal workload, offering more services to your patients or growing your revenue. Bringing in a partner can also be a huge investment from both a financial and professional perspective.

We are often asked about what it is that we do and the ways we help medical practices to grow and run more efficiently. For this reason, we thought it would be a good idea to share the ways in which we have helped our clients set up, grow and expand their medical practices over the last 7 years.

On 4 August 2020, the long-awaited High Court’s decision in WorkPac v Rossato made it very clear that words of a contract are paramount when it comes to determining employment status and provided a lot of certainty for employers about what it actually means to employ a casual worker.