Sydney’s Nuclear Medicine Accountants & Tax Advisors.

Specialist accounting, tax planning and business advisory for nuclear medicine specialists, PET imaging providers and diagnostic imaging practices. Based in Sydney, Santoro Grieco supports healthcare professionals Australia-wide with proactive tax advice, practice structuring and Medicare revenue assurance.

✓ Nuclear Medicine Accountants
✓ Tax Planning & Compliance
✓ Practice and Business Advisory
✓ Medicare Revenue Assurance

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How we can help you

GST Treatment of Nuclear Medicine Services

The Challenge: Nuclear medicine practices may receive income from Medicare-funded diagnostic services, private patients, hospitals and other contractual arrangements. The GST treatment can become complicated where the practice supplies a combination of clinical, administrative and non-clinical services.

The Santoro Grieco Solution: We review your revenue streams, service agreements and accounting setup to help classify transactions correctly. We can configure Xero to separate relevant income and expenses, support accurate BAS preparation and reduce the risk of incorrect GST reporting.

PET, SPECT & Medical Equipment Investment

The Challenge: PET scanners, SPECT systems, gamma cameras and supporting technology require substantial capital investment. Equipment purchases, financing, installation, upgrades and replacement cycles can significantly affect tax deductions and practice cash flow.

The Santoro Grieco Solution: We help plan major equipment purchases, compare funding options and establish appropriate depreciation schedules. Depreciating assets are generally dealt with according to their cost, effective life and applicable depreciation rules, while GST registration can also affect the recorded cost of an asset.

Medicare Billing & Revenue Assurance

The Challenge: Nuclear medicine and PET billing involves specialised MBS items, provider requirements and high-value diagnostic imaging claims. Rejected, delayed or incorrectly processed claims can create revenue leakage and make financial reporting less reliable.

The Santoro Grieco Solution: Our Medicare Revenue Assurance service helps reconcile billings against receipts, identify unpaid or rejected claims and improve visibility over outstanding revenue. We provide nuclear medicine practices with clearer reporting and stronger financial controls.

Tax Deductions for Nuclear Medicine Specialists

Specialist Tax Deductions for Nuclear Medicine Physicians

  • AHPRA Registration & Professional Memberships: Deductions may be available for annual AHPRA registration, specialist college fees and relevant professional association memberships where the expense directly relates to your work.

  • Medical Equipment & Technology: Nuclear medicine specialists may claim eligible costs for personally purchased work equipment, computers, diagnostic software and other professional technology. Higher-cost assets may need to be depreciated over time rather than claimed immediately.

  • Protective Equipment & Work-Specific Clothing: Eligible claims may include personally purchased protective items, specialised uniforms and laundering expenses. Conventional clothing is generally not deductible, even when worn exclusively at work.

  • CPD & Specialist Education: Eligible expenses may include nuclear medicine conferences, PET and SPECT training, radiation-safety education, professional courses, registration fees, travel and accommodation where directly connected to current employment.

  • Professional Indemnity Insurance: Premiums personally paid for professional indemnity insurance may be deductible when the policy relates to your work as a nuclear medicine specialist.

  • Work-Related Travel: Travel between hospitals, imaging centres, laboratories and other workplaces may be deductible in eligible circumstances. Normal travel between home and a regular workplace is generally private.

Testimonials

  • The team are always helpful and happy to answer any questions or issues we have. I wouldn't go anywhere else for our accounting needs as these guys do it all and do it well.

    Vince S.

  • My name is Tony I am a director of two companies . I engaged Santoro & Co 15 years ago to manage my financial affairs , superannuation and tax reporting. I have been in business for more than 40 years and have experience with other accounting firms. Santoro & Co have been exceptional in their accounting practices . They are client focused , competent , efficient and very nice to to work with. I am very confident and more than happy to recommend Santoro & Co as an accounting practice .

    Tony S.

  • I have been with Santoro & Co for 20 years since then I was very happy with the services, tax returns and the professional advice when I need it. Thank to Mario ,the management and Simon for the assistance and for everything and I strongly recommend them for tax management .

    Dr Mohsen G.

  • We moved to Santoro & Co some years ago to have them manage our personal tax and our SMSF. It turns out to have been a very wise decision. Santoro & Co have always managed our financial affairs in a timely and professional manner and we would have no hesitation in recommending them to others.

    David C.

  • Reliable, timely and professional service.

    Adriana G.

  • I have been a client of Santoro and Co for decades and have always found them to be consistently attentive to my questions and information that I require. In recent years when I have a private financial advisor, the transfer if information between them has been seamless. The accountant who looks after me, Simon Grieco, is a great example of the provider of the kind of service that I have come to rely on.

    Dr Carmella L.

  • I would like to express my appreciation to Santoro & co for their team in providing us with an excellent level of service in the past eleven years. The staff at Santoro are always helpful to us especially, Mario & Simon Grieco. I would like to compliment all their staff for their professionalism and assisting us in a timely manner . I would not hesitate to recommend Santoro & Co to anyone who wants their accounts done professionally.

    Arsenios L.

  • My wife and I have been dealing with Simon and Santoro & Co for over 7 Years. We have always been impressed by the level of expertise,professionalism and efficiency in their response time. We have in the past and will always refer family and friends to Simon and Santoro & Co for their accounting needs.

    Stefano & Carla M.

  • Fast, reliable and honest service from the team at Santoro & Co

    Victoria S.

  • Very much valued Simon’s assistance and insight for personal tax matters. No question was too simple or difficult for him and he balances professionalism with having your best interests at heart. Would recommend Simon and the team at Santoro & Co.

    Luca C.

  • Santoro & Co have been fantastic with helping us set up our business structure and helping us with our yearly taxes. Simon has explained our tax obligations as we have started our own small business and transitioning from sole trader to a company. Communication was great, Simon responded very quickly and was available and happy to answer any of our questions. Highly recommend!

    Daniel & Linda L.

  • Simon is fantastic, always available to help us and answer any questions when needed! Extremely helpful and nothing is a problem. Highly recommend.

    Karly & Brad S.

  • I have been dealing with Simon from Santoro & Co for the past 5 years. Simon is very thorough, pro-active and all in all, great to deal with.

    Vince I.

  • Santoro & Co have been looking after my business and private accounting affairs for a number of years now. The staff in general are most polite and caring. Mario and Simon in particular have always been responsive to my requests and available to assist with all my accounting needs whether it be matters concerning my accounts, staff, tax and even assisting me with my lending needs. They care about their clients and provide guidance and advice when required. I would have no hesitation in recommending them.

    Rosa P.

  • Simon Greico has been looking after our personal finances for many years now. He is efficient, reliable, and is always there to answer any questions we have with the utmost professionalism. We will continue to recommend Simon and Santoro & Co.

    Adriana & Frank P.

  • Simon and the Santoro & Co team have been invaluable in helping to set up and run our business’ accounting needs. We have absolute peace of mind knowing that our bookkeeping, payroll and taxation is taken care of by Simon and the team, which allows us to spend more time working on the business. We highly recommend the Santoro & Co team and their services.

    Domenic & Sara R

  • Simon has been looking after my personal and business taxes for the past 4 years. In this time, he has been extremely responsive, honest and thorough with every question I have asked and any document I’ve given him to review. I highly recommend Simon and his services.

    Sebastian P.

Frequently Asked Questions

Still have questions? Take a look at the FAQ or reach out anytime.

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  • Nuclear medicine specialists may be able to claim work-related expenses such as AHPRA registration, professional memberships, indemnity insurance, continuing professional development, specialist conferences, radiation safety training, work-related travel and eligible medical technology. A deduction generally requires a direct connection to earning assessable income, evidence of the expense and no reimbursement from an employer or practice.

  • An accountant experienced with nuclear medicine specialists can provide tailored advice on tax planning, business structures, service arrangements, private practice income, equipment investment and Medicare revenue. Specialist accounting advice is particularly valuable where income is earned across hospitals, diagnostic imaging practices, PET centres and private consulting arrangements.

  • Nuclear medicine practices can strengthen revenue controls by regularly reconciling submitted MBS claims against Medicare payments, identifying rejected or delayed claims and reviewing outstanding accounts. Nuclear medicine and PET services have specific MBS claiming and credentialling requirements, making accurate billing and reconciliation particularly important.

  • PET scanners, SPECT systems, gamma cameras and supporting technology can involve significant purchase, installation, financing and maintenance costs. Before investing, a nuclear medicine practice should assess cash flow, finance arrangements, GST treatment, depreciation, expected utilisation and the financial effect of future equipment upgrades.

  • The appropriate structure depends on whether the specialist works as an employee, independent practitioner, practice owner or participant in a larger diagnostic imaging group. A company, trust, partnership or individual structure may have different implications for tax, asset protection, profit distribution, payroll tax and administrative complexity. Personalised advice should be obtained before establishing or changing the structure.