Sydney’s Specialist Accountants for Allied Health Professionals

Providing proactive tax planning, practice advisory and accounting support for physiotherapists, psychologists, occupational therapists, speech pathologists and other allied health professionals. Based in Sydney, partnering with practitioners and practice owners Australia-wide.

✓ Specialist Allied Health Accounting
✓ Tax Planning & Compliance
✓ Practice Growth & Advisory
✓ Bookkeeping & Payroll Support

Speak to a Medical Accountant

How we can help you

GST Treatment of Allied Health Services

The Challenge: GST treatment can vary depending on the type of service, the practitioner delivering it and whether the service satisfies the requirements for GST-free treatment. Reports, assessments, products and other non-treatment services may also require separate consideration. The ATO states that an allied health service must satisfy specific conditions to qualify as GST-free.

The Santoro Grieco Solution: We help configure your accounting system to separate GST-free and taxable income, review how different services are recorded and improve the accuracy of your Business Activity Statements.

NDIS, Private Billing & Revenue Management

The Challenge: Allied health practices may receive income from several sources, including private patients, NDIS participants, insurers, government programs and other organisations. Inconsistent invoicing, delayed claims and poor debtor tracking can place pressure on cash flow.

The Santoro Grieco Solution: We establish clear accounting and reporting processes to track income by practitioner, service and funding source, helping you monitor outstanding accounts, improve cash flow visibility and understand practice performance.

Practitioner Structures & Payroll Tax Exposure

The Challenge: Payments made to employees and independent practitioners can create different tax and payroll obligations. In New South Wales, certain contractor arrangements may fall within the relevant-contract provisions, depending on the particular facts and circumstances. Revenue NSW guidance expressly includes physiotherapy practices and similar healthcare providers.

The Santoro Grieco Solution: We review practitioner arrangements from an accounting and payroll-tax perspective, identify potential exposure and work with your legal adviser where agreements or structural changes require legal review.

Tax Deductions for Allied Health Professionals

Specialist Tax Deductions for Allied Health Professionals

  • Registration & Professional Memberships: Potential deductions for AHPRA registration, professional association memberships and relevant practising certificates.

  • Clinical Equipment & Technology: Work-related equipment such as therapy tools, assessment resources, laptops and tablets may be deductible immediately or depreciated, depending on the item, cost and applicable tax rules.

  • Clinical & Therapy Resources: Potential deductions for consumables, testing materials, therapy aids, protective equipment and other resources used to provide patient services.

  • Protective & Occupation-Specific Clothing: Eligible protective clothing and occupation-specific uniforms may be deductible, together with reasonable cleaning and laundry costs. Ordinary clothing is generally private.

  • Continuing Professional Development: Potential deductions for relevant courses, conferences, workshops and associated travel expenses where directly connected with current income-earning activities.

  • Professional Indemnity Insurance: Premiums for professional indemnity and other work-related insurance may be deductible where sufficiently connected with earning assessable income.

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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  • An allied health accountant can assist with tax planning, tax returns, Business Activity Statements, bookkeeping, payroll, business structures and practice performance reporting. At Santoro Grieco, we support physiotherapists, psychologists, occupational therapists, speech pathologists, podiatrists and other allied health professionals at different stages of practice ownership.

  • Depending on your circumstances, potential deductions may include professional registration fees, association memberships, professional indemnity insurance, continuing professional development, clinical equipment, therapy resources and work-related technology. To claim a work-related expense, it must generally relate directly to earning your income, not have been reimbursed and be supported by appropriate records.

  • Some allied health services may be GST-free when the relevant conditions are satisfied. The GST treatment can depend on the type of health service, the practitioner’s recognised professional status and whether the service is generally accepted as necessary for appropriate treatment. Reports, products, administrative services and other supplies may have a different GST treatment, so each revenue stream should be considered carefully.

  • The appropriate structure may be a sole trader, partnership, company or trust, depending on the practitioner’s circumstances and objectives. Important considerations include tax, personal services income rules, asset protection, administrative costs, profit distribution and future growth. The structure should be reviewed before opening a practice, engaging practitioners or bringing in another owner.

  • Yes. Payments to contractors may be subject to payroll tax under relevant-contract provisions, depending on the arrangement and applicable state or territory rules. Allied health practice owners should review their contracts, payment processes and practitioner arrangements rather than assuming that every independent contractor falls outside payroll tax.