Specialist Tax & Accounting for Pathologists and Pathology Practices

Specialist accountants for Australian pathologists, pathology laboratories, and diagnostic healthcare providers. We provide tax planning, business advisory, structuring, payroll tax compliance, equipment depreciation advice, and financial management solutions tailored to the unique needs of pathology professionals and pathology practices. Our goal is to help you maximise profitability, improve cash flow, and achieve long-term financial success.

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How we can help you

Complex Income Structures & Tax Planning

The Challenge: Many pathologists earn income from a combination of public hospitals, private pathology laboratories, consulting work, directorships, and investments. Without the right structure and tax strategy, you may pay more tax than necessary and miss valuable planning opportunities.

The Santoro Grieco Solution: We develop tailored tax planning strategies, review business structures, and ensure your income is managed efficiently to maximise after-tax wealth while remaining fully compliant with ATO requirements.

Laboratory Technology & Capital Investment

The Challenge: Pathology providers and laboratory owners often invest heavily in analysers, imaging systems, diagnostic equipment, software platforms, and laboratory infrastructure. Poor depreciation planning can result in missed tax deductions and cash flow strain.

The Santoro Grieco Solution: We advise on equipment acquisitions before purchase, maximise depreciation benefits, and structure capital expenditure to improve cash flow and long-term profitability.

Asset Protection & Practice Structuring

The Challenge: High-income medical professionals can face increased exposure to legal, business, and financial risks. Owning pathology practices, commercial assets, or investment portfolios without the right structure can place personal wealth at risk.

The Santoro Grieco Solution: We work with specialist legal advisers to implement effective asset protection, trust structures, succession planning, and ownership arrangements designed to safeguard your wealth and future income.

Tax Deductions for Radiologists

Specialist Tax Deductions for Radiologists

  • Specialist Tax Deductions for Pathologists

    • RCPA & Registration Fees: 100% deductible fees for the Royal College of Pathologists of Australasia (RCPA), AHPRA registration, and specialist accreditation requirements.

    • Laboratory & Diagnostic Technology: Deductions for work-related microscopes, digital pathology software, diagnostic reporting platforms, image analysis tools, and professional technology subscriptions used in pathology practice.

    • Professional Indemnity Insurance: Claims for professional indemnity insurance premiums, essential for pathologists involved in diagnostic reporting and medico-legal risk management.

    • Work-Related Travel: Deductions for travel between laboratories, hospitals, collection centres, and private pathology facilities, as well as eligible conference and professional development travel.

    • Self-Education & CPD: Claims for pathology conferences, specialist workshops, subspecialty training, online education, journal subscriptions, and Continuing Professional Development (CPD) activities.

    • Home Office & Reporting Equipment: Deductions for eligible home-office expenses, internet, work-related computers, monitors, printers, and equipment used for remote reporting, research, or administrative duties.

    • Professional Memberships & Publications: Deductions for pathology association memberships, specialist societies, medical journals, diagnostic references, and educational resources required to maintain professional knowledge.

    • Medical Equipment & Consumables: Claims for work-related laboratory equipment, protective clothing, reference materials, and consumables purchased personally and not reimbursed by an employer.

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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  • Pathologists may be able to claim deductions for AHPRA registration fees, RCPA membership fees, professional indemnity insurance, self-education and CPD costs, work-related travel, medical journals, professional subscriptions, home office expenses, and work-related technology. The deductions available depend on your individual circumstances and whether the expense is directly related to earning your income.

  • The best structure for a pathologist depends on factors such as income level, asset protection requirements, family circumstances, and future business plans. Many pathologists benefit from obtaining specialist advice before establishing a private practice, purchasing laboratory interests, or undertaking consulting arrangements to ensure their structure is both tax-effective and compliant.

  • Yes. Pathologists who perform reporting, research, administration, teaching, or professional development work from home may be entitled to claim eligible home office expenses. This can include internet costs, electricity, computers, monitors, office equipment, and other work-related expenses, provided appropriate records are maintained.

  • Common tax planning strategies for pathologists include maximising superannuation contributions, reviewing business structures, managing investment portfolios tax-effectively, planning capital equipment purchases, and implementing asset protection strategies. Early planning before 30 June is often essential to achieve the best outcome.

  • Pathologists often face unique financial challenges including complex income arrangements, hospital and private laboratory work, specialist registration requirements, large investment portfolios, and asset protection concerns. A specialist medical accountant understands the pathology profession and can provide tailored tax, business, and wealth advice designed specifically for pathologists.