Healthcare
Navigate healthcare industry compliance and tax obligations with specialist accountants who understand medical practices, allied health services, and healthcare regulations.
Healthcare
Specialist Accountants for Health Practitioners
Healthcare practices face unique financial challenges including Medicare billing complexities, PSI rules for medical professionals, and strict regulatory compliance requirements that general accountants often misunderstand. Managing patient billing, equipment depreciation, and professional indemnity costs requires specialized knowledge of healthcare industry standards.
Medical professionals spend years training to heal patients, not to navigate complex tax legislation and practice management systems. Time spent on financial administration reduces patient care capacity whilst increasing stress and reducing job satisfaction for healthcare providers.
Incorrect structuring or compliance failures can trigger ATO investigations, Medicare audits, and professional body sanctions that threaten practice viability and professional registration status, potentially ending careers built over decades of study and practice.
Whether you need personal tax assistance or full practice-level accounting, Keystone is here to safeguard your financial health.
Healthcare accounting services
Accountants Who Understand Complex Accounting
At Keystone Taxation and Business Advisors, we’re dedicated to helping business owners make the most of their hard work. Our expert insights and resources are designed to give you a clear understanding of strategies, structures, and technologies that can drive your business forward.
Strategic Tax Solutions
Discover tax strategies and business structures available to you
Technology for Growth
Understand and apply new business management technology
Tailored Business Advice
Get in touch with us for information tailored to your business
Self-Managed Super Funds
End-to-end SMSF setup, compliance, and advice to help you take control of your retirement.
Payroll & Bookkeeping
Accurate, ATO-compliant payroll and bookkeeping services so you can focus on growing your business.
Frequently asked questions
Got Questions? We've Got Answers
Have a question? We’ve answered some of the most common ones below.
How does personal services income (PSI) affect medical professionals?
Medical professionals are often caught by PSI rules that limit income splitting and deductions. We structure practices to minimize PSI impact whilst maintaining compliance with medical regulations.
What business structure works best for medical practices?
Structure depends on specialty, income level, and number of practitioners. Options include sole practice, partnerships, companies, or unit trusts, each with different tax and liability implications.
Can medical equipment be depreciated for tax purposes?
Yes, medical equipment can be depreciated or claimed instantly under small business concessions. We optimize equipment purchases for maximum tax benefits and cash flow.
How do Medicare billing and private billing affect tax?
Different billing methods have varying tax implications and GST requirements. We ensure proper accounting for all revenue streams whilst maximising available deductions.
What records should healthcare practices maintain?
Maintain patient billing records, equipment purchases, continuing education costs, professional memberships, and all practice expenses. We establish systems for efficient record keeping.
Ready to Get Started?
Protect Your Practice with Healthcare Industry Expertise
Our healthcare specialists understand medical practice structures, Medicare requirements, and industry-specific tax obligations that affect doctors, dentists, physiotherapists, and allied health professionals. We optimize practice structures for tax efficiency whilst ensuring compliance.
With specialist healthcare accounting, you'll maximise after-tax income, maintain perfect compliance, and focus entirely on patient care knowing your practice finances are managed by experts who understand your industry.
