As international and state and territory borders open, and we adjust to life with COVID-19 in the community, it is starting to feel like we are approaching the new normal, resuming (to some extent) to life pre-pandemic. However, 2022 will pose some unique risks to medical practices in Australia.
Read MoreAs an accountant or financial advisor you are likely to have a range of different clients who run their own business, some of them may be doctors who run medical practices. Not dissimilar to other industries, the medical profession is not immune to issues with employees.
Read MoreIf you are thinking of starting up a medical practice in Australia, know that the process can be a daunting one, especially if this is all new to you. Luckily, it isn’t new to us. We help people as they go through this process all the time and know exactly what steps you will need to take to embark on this very exciting journey.
Read MoreAs an accountant, you may have GP’s and other medical professionals as clients. Some of them, at one point, may look into expanding into a larger practice, or centre. This is what we see oftentimes as we assist with these transitions daily. For this reason, we prepared this article to explore what will be involved for your clients who might be ready to expand and want to learn how to build a successful medical practice.
Read MoreAs a practice owner or practice manager, you may have already discovered that hiring a new GP can be a challenging task. There is a shortage of available GP’s in Australia, which is making it difficult to attract new doctors to practices regardless of the location.
Read MoreIf you're considering or currently using any means to monitor your employees using GPS, cameras, technology, devices, apps or software you need to read this. In an increasingly Orwellian world, privacy is front and centre of everyone’s attention.
Read MoreFor 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.
Read MoreWe have worked with a trusted accountant for medical practices, Matthew Holden from Brentnalls and together provide this update to give further background and clarification regarding the issues at hand for the case of Thomas and Naaz Pty Ltd v Chief Commissioner of State Revenue [2021] NSWCATAD 259 and what those issues mean for your Practice.
Read MoreWhen 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.
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