The medical industry is broad — from healthcare workers and GPs to specialists and practice owners — but the financial challenges are often shared. Getting your business structure wrong, misunderstanding personal services income (PSI) and service entity rules, or missing a compliance deadline can cost you time, money and unnecessary stress. And with limited hours in the day, financial admin is rarely where you want to spend them.
Whether you’re an individual healthcare worker, a specialist in private practice, or part of a larger medical practice, we know your priority is your patients — not paperwork. Every stage of a medical career comes with different financial questions, from your first year in practice through to selling or restructuring a business. Wherever you’re at, we want to understand your situation so our advice actually fits.
Saward Dawson provides accounting, taxation and business advisory services tailored to healthcare workers, medical practitioners and specialists at every stage of their career.
Business Advisory
Our trusted business advisory team helps medical practitioners and specialists with:
Remuneration & Salary Packaging
Many medical professionals can access generous salary packaging arrangements. We advise on your eligibility, ensure these arrangements are implemented correctly and tax-effectively, and make sure your practice’s remuneration structures meet employer obligations.
Income Tax Returns
We prepare and lodge income tax returns for individual healthcare workers and larger medical practices alike, ensuring accuracy and identifying opportunities you may have missed.
Self-Managed Superannuation Funds (SMSF)
Many medical professionals and specialists hold an SMSF. We assist with establishing a new fund and managing its ongoing compliance obligations, so your retirement planning stays on track.
Partnering with an accounting firm that understands the medical industry means fewer compliance surprises, tax-effective remuneration, and the confidence that your practice — and your personal finances — are in good hands.
Murray Nicholls leads our Medical Industry team and works with healthcare workers, medical practitioners and specialists at every stage of their career or practice.
Whatever stage you’re at, we’d love to help.
Saward Dawson acknowledges the Traditional Custodians of the land on which we work and we pay our respects to Elders past and present.
Level 1, 20 Albert Street, Blackburn VIC 3130
PO Box 1212, Blackburn North VIC 3130
contact@sawarddawson.com.au | +61 3 9894 2500
Liability limited by a scheme approved under Professional Standards Legislation.
