Specialist Tax & Accounting for Otolaryngologists and ENT Practices

Expert financial management for Australian otolaryngologists, ENT specialists and ENT surgeons.

From managing mixed private practice and hospital income to equipment investment, business structures, payroll and practice growth, Santoro & Co provides specialist tax, accounting and business advisory services designed around the financial needs of ENT professionals.

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How we can help you

Complex Income and Medical Practice Structures

The Challenge: Otolaryngologists may earn income through private consulting, surgical lists, hospitals, service entities and multiple practice locations. Without the right structure and accounting systems, it can become difficult to understand profitability, manage tax obligations and separate personal and practice finances.

The Santoro Grieco Solution: We help establish clear financial structures and reporting systems for your professional income and ENT practice. Our approach gives you a better understanding of where income is being generated, how the practice is performing and what funds should be set aside for upcoming tax obligations.

Medical Equipment and Practice Investment

The Challenge: ENT practices may invest in specialised diagnostic and clinical equipment, consulting rooms, technology and practice-management systems. These purchases can place pressure on cash flow if they are not properly planned and accounted for.

The Santoro Grieco Solution: We help you assess the financial effect of major practice purchases before you commit. This includes reviewing cash flow, financing arrangements, ownership structures and the appropriate accounting and depreciation treatment for your circumstances.

Payroll Tax and Practitioner Arrangements

The Challenge: Medical practices may operate through service entities and engage doctors, nurses, audiologists, administration staff and other healthcare professionals under different contractual arrangements. These arrangements can create accounting, payroll tax and record-keeping complexities.

The Santoro Grieco Solution: We work with you and your legal advisers to review the financial operation of your service arrangements, payment flows and practitioner agreements. We also help establish accurate accounting records and reporting processes so that your practice is better prepared to meet its ongoing obligations.

Tax Deductions for Otolaryngologists

Specialist Tax Deductions for Otolaryngologists

  • Registration & Professional Memberships: Eligible costs may include AHPRA registration, specialist college fees and relevant professional association memberships.

  • ENT Equipment & Technology: Deductions may be available for eligible diagnostic instruments, endoscopes, microscopes, audiology equipment, computers and other technology used to earn professional income. Higher-cost equipment may need to be depreciated over time.

  • Clinical Supplies: Eligible consumables may include personal protective equipment, examination supplies and other items used in treating patients.

  • Protective Clothing: Claims may be available for occupation-specific protective clothing, eligible laundry expenses and protective equipment. Conventional clothing is generally not deductible.

  • CPD & Self-Education: Eligible expenses may include registration, travel and accommodation for conferences, specialist training and clinical workshops that directly relate to current professional duties.

  • Professional Indemnity Insurance: Premiums for professional indemnity insurance connected with an otolaryngologist’s income-earning activities may be deductible.

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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  • Otolaryngologists and ENT specialists may be able to claim eligible expenses such as AHPRA registration, professional memberships, professional indemnity insurance, continuing professional development, medical subscriptions, protective equipment and work-related technology. ENT equipment used to earn income may also be deductible immediately or depreciated over time, depending on the asset and applicable tax rules.

    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

  • An accountant experienced in medical practices can help an otolaryngologist manage private-practice income, hospital income, service entities, Business Activity Statements, payroll, equipment investment and year-round tax planning. Specialist accounting support is particularly useful when an ENT specialist operates through multiple entities or works across several hospitals and consulting locations.

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

  • Many medical services are GST-free when a Medicare benefit is payable or when the service satisfies the requirements for GST-free medical treatment. However, GST treatment may differ for cosmetic procedures, medical reports, products, third-party arrangements and services supplied to organisations rather than directly to patients.

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

  • The most appropriate structure depends on how the otolaryngologist earns income, whether the specialist owns a practice, the number of practitioners involved, and the operation of any service entity. Possible structures may involve a sole trader, company, trust or a combination of entities.

    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.

  • An accountant can help an ENT practice monitor revenue, staffing costs, consulting-room expenses, equipment commitments, cash flow and profitability. Regular financial reporting can help practice owners identify rising overheads, evaluate proposed equipment purchases and make informed decisions about staffing, locations and future growth.

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