Over 20 years of financial success for Medical Professionals nationwide
Accountants for Doctors & Medical Professionals
For over 20 years we have provided specialised accounting and financial planning advice for general practitioners, dentists, medical specialists, private practice owners and more.
You are an expert in your field. So are we.
Nitschke Nancarrow have over 20 years of experience in helping healthcare workers, medical professionals and doctors to identify their financial goals, and exceed them. In the past two decades of specialising in the medical sector, we have built a comprehensive understanding of the needs of our individual clients, as well as the business requirements that are unique to the healthcare industry. Our expertise allows us to provide the highest value to our clients, and to you.
Your business grows with ours. We are constantly updating and adding innovative resources that provide the vessels for converting business targets into reality. Using the latest technology we can offer financial planning services, accounting, and tailored business coaching structures and templates. This allows us to plan for our client’s future, set achievable goals, implement risk management solutions, improve communication and accessibility to ensure that our clients are on track for every step of the way throughout their journey throughout their financial life.
Being a professional means that you concentrate your study and skills on a particular subject. This leaves you with little time for other matters.You might not be a financial expert, but that doesn’t give you leave to ignore the way cash flow will affect your career. This is especially important for those in Private Practice. From your tax requirements to personal risk insurance, to debt repayments and more; Nitschke Nancarrow has the information you need to know.
Medical Professionals have Unique Financial Needs and Goals
Your needs are our priority:
The work you do as a medical professional makes a difference in people’s lives. It’s lifesaving, in fact. That’s why workers in health and in your profession are often well paid.
No doubt, you got into this line of work both because you wanted to help people and because you wanted to maintain a comfortable standard of living.
But a higher paycheck comes with higher income tax.
The more you earn, the more important it becomes that you pay attention to details and report everything accurately. You probably need some help with your accounting and financial planning to make sure you meet your financial obligations and obtain all benefits that you’re entitled to.
Areas to consider for Medical Professionals
– Superannuation Compliance
– Retirement
– Litigation Protection
– Life and Income Protection
If you and your family require a certain standard of living, then you need to plan ahead to ensure that level of comfort will continue, no matter what.
A large income comes with large expenses and a lot of factors to think about, but Nitschke Nancarrow, an accounting and financial planning firm that specialises in advising health professionals, will help you sort through your obligations and options with a common-sense approach.
With loan products designed exclusively for medical and dental professionals, our mortgage broking division will help you find the solution that’s right for you. Careful planning now with Nitschke Nancarrow will help you make the most of your assets and ensure your family’s security.
More blogs and content for medical professionals:
Trust the Service Trust for asset protection. Read more.
Top 10 missed tax deductions for doctors. Read more.
The amazing finance incentives available to doctors. Read more.
Podcast: The amazing tax and finance incentives available to doctors.
Consultants for Medical Practice Owners
Medical Practice Advisory
Medical practice consultants with an emphasis on patient experience, and financial optimisation strategy. Our expert team covers all bases to take your practice to the next level.
New Practice Establishment
Nitschke Nancarrow can assist and manage all of the administrative aspects associated with starting up your new practice. We implement strategic policy solutions, staff recruitment and staff training systems. We take the stress out of the financial implications that come with a new practice start-up, so that your finances take off on the right foot. This frees you up to focus on providing a service to your new patients
Benchmarking
Once a business plan has been implemented, it is time to complete short term goals. This is done through bench marking against industry leaders to see where your practice stacks up in specific areas, and what can be done to achieve similar results. Comparisons to world class industry leaders using critical analysis of budgets, costings, product value and more, allows us to fast track the performance potential by scaling up your strengths and improving weaknesses.
Established Practices
Nitschke Nancarrow service all established GP and specialist medical practices, on an on-call basis, or for on-going practice management support. Our team provide on-site and remote assistance to address any issues or challenges that may arise in the daily running of your practice. By providing continual support that compliments our more formal monthly and quarterly reviews we work together to improve workplace productivity, staff satisfaction and workflow solutions.
HR and Recruitment
We have a long history of proving an exceptional service when it comes to sourcing new staff and making the integration into your practice a seamless experience every time. From professional medical and nursing staff to admin and beyond, we utilise tried and trusted methods for getting you the right people. We guide you through the required employment documentation process swiftly, providing a streamlined and positive integration process for all new staff members.
Quarterly Performance Review
We maintain a 24/7 support service for all medical practices that we work with, and this is manifested into a quarterly assessment of your practice’s KPI (Key Performance Indicators). It is important to set these KPI’s and to continuously monitor them to keep your business moving forward. All staff should be aware of their expectations in the practice, so that productivity and job satisfaction are high, which provides a better service for all staff and patients.
Administration Software
The biggest challenge that most medical practices face is an inability to reconcile bank statements efficiently and record all transactions. We use the latest digital software technology to streamline this process, so that your financial records are securely and automatically updated.
Visit our Medical Practice Advisory page
Do you know your tax opportunities and obligations?
Tax Opportunities for Medical Professionals
We are experts in achieving the absolute best tax results for our large client base of medical professionals
For over 20 years, Nitschke Nancarrow have been maximising returns and implementing highly effective tax strategies for medical professionals. Our comprehensive tax knowledge expertise works for you no matter what stage of your career you are at. From university right through retirement, we can make sure that you never miss out on any tax opportunities that you are entitled to. Our tax consultants critically analyse the best strategy for your career position, your personal and professional requirements, and goals to provide you with the tailored service that you need.
Medical practitioners face far more complex tax obligations than any other profession. We have staff dedicated to catering for medical professionals, and settling for the services of your average tax accountant would simply be doing yourself a disservice. Our dedicated staff do the research and ask the right questions to get an in-depth view of your personal circumstances so that we can effectively engage a tax plan, and tax structure to optimise your financial status to get you the best result available.
Read more on Tax Opportunities for Doctors
Get a head start on reaching your financial goals
Doctors in Training and Interns
We help doctors reach their financial milestones earlier in their career:
Carve your path. Excel in all areas.
From Interns to Residents to Registrars, the learning curve that goes with training to become a fully qualified medical professional is a steep one. You will be exposed to different clinical environments and experiences, while building a wealth of knowledge along the way. Critical thinking while on the job is essential to get the right result for yourself and those around you. There is a lot to take in, and this is true both in and outside of the hospital, professionally and financially. We can help you focus on what’s most important to your career.
Our offer to you
Your business grows with ours. We are constantly updating and adding innovative resources that provide the vessels for converting business targets into reality. Using the latest technology we can offer financial planning services, accounting, and tailored business coaching structures and templates. This allows us to plan for our client’s future, set achievable goals, implement risk management solutions, improve communication and accessibility to ensure that our clients are on track for every step of the way throughout their journey throughout their financial life.
Find out more on how we help Doctors In Training & Interns