Specialist Tax & Accounting for Geriatricians and Geriatric Medicine Practices

With over 20 years of experience supporting healthcare professionals, we help geriatricians navigate complex tax, accounting, and business matters. Whether you operate as a sole practitioner, work across hospitals and aged care facilities, or run a specialist practice, our advice is designed to maximise profitability, improve compliance, and support long-term financial security.

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How we can help you

Complex Income Across Hospitals, Consulting Rooms & Aged Care

The Challenge: Geriatricians may earn income across public hospitals, private consulting rooms, aged care facilities and other healthcare arrangements. Managing billings, expenses and reporting across several income sources can make it difficult to maintain a clear view of practice performance and tax obligations.

The Santoro Grieco Solution: We establish streamlined accounting and bookkeeping systems that consolidate your medical income, allocate expenses correctly and provide meaningful financial reporting across each location and service arrangement.

Medical Practice Structures & Personal Services Income

The Challenge: Choosing an appropriate structure for a geriatrician practice requires careful consideration of personal services income, asset protection, taxation and long-term financial objectives. The Australian Taxation Office defines personal services income as income mainly earned from an individual’s personal efforts or skills, with special rules potentially affecting deductions and income attribution.

The Santoro Grieco Solution: We review your practice structure and service arrangements to help you understand the applicable tax rules, improve financial clarity and ensure the structure remains aligned with your professional and personal objectives.

Medicare, GST & Medical Billing Compliance

The Challenge: Although qualifying medical services can be GST-free, the treatment can depend on the nature of the service, the recipient of the supply and whether a Medicare benefit is payable. Services provided through third-party arrangements may require additional consideration.

The Santoro Grieco Solution: We help geriatricians review their medical billing arrangements, GST classifications and accounting processes so that different income streams are recorded consistently and compliance obligations are easier to manage.

Tax Deductions for Geriatricians

Specialist Tax Deductions for Geriatricians

  • Registration & Professional Memberships: Eligible costs may include AHPRA registration, specialist college fees, professional association memberships and other subscriptions directly related to working as a geriatrician.

  • Continuing Professional Development: Deductions may be available for eligible conferences, seminars, clinical training, medical journals and continuing professional development courses that maintain or improve skills used in geriatric medicine.

  • Medical Equipment & Technology: Eligible expenses may include diagnostic instruments, clinical equipment, computers, software, telehealth systems and other technology used to earn professional income. Higher-cost assets may need to be depreciated over time.

  • Travel Between Medical Workplaces: Geriatricians working across hospitals, consulting rooms, medical centres and residential aged care facilities may be able to claim eligible travel between separate workplaces. Ordinary travel between home and a regular workplace is generally private. [ato.gov.au]

  • Professional Indemnity Insurance: Premiums for professional indemnity insurance and other eligible work-related insurance policies may be deductible where they directly relate to earning professional income.

  • Home Office & Practice Administration: Eligible costs may include work-related telephone and internet use, stationery, accounting software and home-office expenses where records are maintained and the expenses relate directly to professional duties.

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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  • Geriatricians may be entitled to claim expenses directly related to earning their professional income. Depending on the circumstances, these may include AHPRA registration, specialist memberships, professional indemnity insurance, continuing professional development, medical equipment, accounting fees and eligible travel between workplaces. A deduction generally requires evidence that the expense was incurred and was sufficiently connected to the income earned. The Australian Taxation Office guide for doctors, specialists and medical professionals includes geriatricians and explains the relevant deduction and record-keeping principles.

    To claim a work-related deduction, the expense must generally be paid by the practitioner without reimbursement, directly related to earning income and supported by appropriate records

  • A specialist medical accountant can help a geriatrician manage income received from hospitals, private consulting rooms, medical centres and residential aged care facilities. Advice may cover tax planning, bookkeeping, GST, practice structures, personal services income and financial reporting. Working with an accountant who understands medical professionals can make it easier to identify risks and maintain clear records across different sources of income.

    The appropriate advice will depend on the specialist’s employment arrangements, business structure and practice ownership.

  • The appropriate structure may be a sole trader, company, trust or a combination of entities, depending on the geriatrician’s service arrangements and objectives. Relevant considerations include personal services income, asset protection, administrative costs, income attribution and plans to establish or expand a private practice. A structure should be reviewed before implementation because operating through a company or trust does not automatically permit professional income to be split or retained at a lower tax rate. The general anti-avoidance rules may still apply to arrangements involving the diversion, retention or splitting of personal services income.

    An ENT practice should review each income stream and configure its accounting system to distinguish GST-free and taxable supplies accurately.

  • Personal services income is income mainly earned from an individual’s personal efforts or skills. These rules may apply when a geriatian provides medical services as a contractor or earns professional income through a company, trust or partnership. When the rules apply, certain deductions may be restricted, including some payments to associates and specified home-related expenses. Each arrangement should be assessed using its contracts, income sources and working conditions.

    Personal Services Income rules and professional restrictions may affect how income is taxed, so an ENT specialist should obtain tailored accounting and legal advice before establishing or changing a structure. Medical professionals operating through personal service entities need to consider how the Personal Services Income rules affect the assessment of income and available deductions.

  • Eligible travel between separate workplaces may be deductible, such as travel from a hospital to a consulting room or residential aged care facility on the same day. However, ordinary travel between home and a regular workplace is generally private and not deductible. The treatment depends on the geriatrician’s employment or contracting arrangements, the purpose of the journey and where professional duties are performed.

    For specialist practices, useful areas of financial management can include complex billing arrangements, equipment finance planning, theatre and consulting fees, forecasting and succession planning.