Specialist Accounting for Paediatricians
Helping paediatricians navigate Medicare billings, private practice structures, medical service entity arrangements, asset protection, and proactive tax planning.
How we can help you
Private Practice, Consulting & Medicare Billing
The Challenge: Paediatricians often receive income from multiple sources, including private consultations, Medicare billings, hospital appointments, developmental assessments, procedural work, and practice distributions. Managing these income streams while maintaining accurate records, Medicare compliance, and tax efficiency can become increasingly complex as a practice grows.
The Santoro Grieco Solution: We help paediatricians streamline their financial affairs by bringing together income from private consultations, Medicare billings, hospital appointments, developmental assessments, and practice distributions into a clear and structured reporting framework. Our team provides proactive tax planning, practice performance reporting, and ongoing advice to ensure your records remain accurate, compliant, and tax-efficient throughout the year.
Asset Protection & Practice Structures
The Challenge: As income and personal wealth increase, paediatricians can be exposed to unnecessary tax and financial risk if operating under outdated structures. Without proactive planning, assets, investments, and accumulated wealth may remain unnecessarily vulnerable and opportunities for long-term tax efficiency can be missed.
The Santoro Grieco Solution: We review your current structure and implement strategies designed to protect personal wealth while maximising tax efficiency. Whether you're operating as a sole practitioner, through a service entity, company, trust, or investment structure, we help ensure your practice and personal assets are appropriately protected while creating a foundation for long-term wealth accumulation and family financial security.
Practice Growth & Succession Planning
The Challenge: As paediatric practices expand, owners often face challenges around staffing, payroll compliance, consulting room arrangements, service entity structures, purchasing additional rooms, bringing in associates, and planning for an eventual practice sale or transition. Strategic advice is essential to support sustainable growth while protecting profitability.
The Santoro Grieco Solution: As your practice grows, we provide strategic advice on staffing, payroll compliance, service entity arrangements, associate agreements, practice acquisitions, and expansion opportunities. We work alongside you to improve profitability, strengthen business systems, and develop a succession plan that supports your long-term goals, whether that involves bringing in associates, transitioning ownership, or preparing your practice for sale.
Specialist Tax Deductions for Paediatricians
Unlike general tax agents, we understand the profession-specific deductions and expenses unique to Paediatricians.
College & Registration Fees: Claims for RACP membership, AHPRA registration, specialist college subscriptions, paediatric society memberships, and mandatory professional registrations.Professional.
Indemnity Insurance: Full deductions for medical indemnity insurance premiums, medico-legal protection cover, and specialist risk management memberships.
Medical Equipment & Consulting Rooms: Depreciation and immediate write-offs for diagnostic equipment, developmental assessment tools, examination equipment, telehealth technology, laptops, and practice software.
Multiple Worksite Travel: We maximise legitimate motor vehicle claims for travel between hospitals, private consulting rooms, outreach clinics, community health centres, and regional appointments.
Professional Development & Conferences: Deductions for RACP conferences, paediatric specialist training programs, CPD courses, workshops, accommodation, and qualifying travel expenses.
Practice & Consulting Expenses: Claims for medical software subscriptions, telehealth platforms, professional journals, educational resources, office equipment, mobile phone usage, and practice-related technology expenses.
Testimonials
Frequently Asked Questions
Still have questions? Take a look at the FAQ or reach out anytime. If you’re feeling ready, go ahead and apply.
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Many paediatricians continue operating under structures that no longer suit their level of income, investments, or practice arrangements. The right structure can help improve tax efficiency, provide greater asset protection, and support long-term wealth creation.
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Paediatricians often miss valuable deductions relating to professional subscriptions, indemnity insurance, professional development, travel between workplaces, practice technology, telehealth services, and consulting room expenses. Ensuring deductions are correctly claimed can significantly reduce tax while maintaining compliance.
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Many paediatricians receive income from private consultations, hospital appointments, developmental assessments, telehealth services, outreach clinics, and practice distributions. Without proper financial systems, it can be difficult to understand profitability, cash flow, and tax obligations.
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Purchasing a consulting room is often one of the largest financial decisions a paediatrician will make. The ownership structure can have significant implications for tax, asset protection, financing, future practice sales, and succession planning.
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As practices grow, paediatricians commonly face questions around employing staff, bringing in associates, expanding locations, improving profitability, and eventually transitioning ownership or selling the practice. Planning early can maximise practice value and provide greater flexibility when the time comes to exit.