Medical Practitioners operate in a complex and demanding area and as a result require professionals that understand their unique pressures and requirements. At Walsh & Walsh we have experience with a wide range of medical practitioners and are committed to providing specialised services to the medical community.
Our understanding of the issues and needs relating to the medical profession, coupled with our personal service and professional approach, gives our clients an added advantage in progressing and growing their business.
Our commitment to keeping up to date with business related issues in the medical industry ensures our provision of specialist advice and services to the medical profession is of the highest quality.
Issues and Challenges
The ever increasing litigious nature of our society combined with the complex and sensitive services offered by the medical profession makes personal liability and asset protection a major consideration for any medical practitioner. Structuring your business correctly to ensure maximum asset protection and minimum exposure to personal liability is a critical component of our service offering. We pride ourselves on providing structuring advice that is relevant to your individual circumstances and not unduly complex.
Many medical practitioners have very little spare time to commit to setting in place a plan for their budgeting and cash flow needs. If tax is not withheld on income as it is earned, or set aside to pay a later tax liability, tax owing at the end of a financial year may not be expected and may result in cash flow issues. We understand the importance of planning and budgeting for your tax and other liabilities and are able to assist you in this regard.
Services and Expertise
Our experience includes providing services to medical practitioners in all areas of the medical industry including sole practitioners, general practitioners operating as part of a medical centre and specialist medical practitioners. We are able to advise on all facets of your business to ensure ease of compliance and attendance to the following:
- Structuring for asset protection and tax minimisation;
- Budgeting and cashflow planning;
- Salary sacrifice arrangements to utilise concessions in the medical industry;
- Assistance with all accounting and income tax matters;
- Strategic financial assistance including planning for expansion, succession and sale; and
- Project manage your complete financial affairs by co-ordinating appropriately skilled professional advisors to assist you in achieving your long-term financial goals.