Accounts Services for Doctors and Dentists in Training
Since 1972, the Smith Coffey Group has been helping medical and dental professionals grow, manage, and protect their wealth. We understand how different government regulations, as well as taxation and accounting matters, impact doctors and dentists.
In fact, with almost 50 years of experience, we find that our clients remain with us for life because our knowledge of medical accounting and financial planning are unsurpassed in Australia.
By starting with Smith Coffey as a medical student, our team can help you to:
- Save thousands of dollars through tax-effective salary packaging strategies
- Claim entitlements specific to your profession in your tax return
- Protect your future for less than the cost of a cup of coffee a day
- Get into the housing market with a low deposit and no mortgage lenders insurance
- Structure your loans and repayments saving thousands in interest
Choosing the right financial partner before graduating will ensure you maximise your earnings whilst being able to focus on your work and your personal life. We are well equipped to help you make the most of your unique income situation and help you to optimally structure your finances right from the start.
Salary Packaging Strategies for Doctors and Dentists in Training
Smith Coffey offers a Graduate Package which is specifically designed to help you maximise your income and reduce your overall tax bill. From our decades of experience, we know establishing a financial plan and strategy at the start of your medical career will put you in a better position for your entire career and allow you to focus on your work and personal life, not your financials.
Our Graduate Package includes:
- FREE financial strategy meeting
- Set-up and managed for the intern year
- Intern tax return prepared and lodged
I would like to make an appointment to find out more about the Graduate Package
Partnering with a specialist medical accounting firm before graduating will ensure you are receiving the tax benefits specific to medical professionals and the structuring of your finances to grow your wealth from the beginning of your career.
Medical Student Home Loans
Entering the property market for the first time can be daunting, so to help make the process easier, our lending specialists can arrange and structure home loans for your financial benefit.
We will work with you to secure a home or investment property with only a 5% deposit and without the need for lender’s mortgage insurance. Additionally, we can help you better understand and manage your existing student debt, to ensure you meet your goals in your overall financial plan.
Tax Planning for Doctors and Dentists
When it comes to accounting and taxation, our medical accounting team can advise you on strategies to improve your position as you progress. The earlier this process can commence, the better.
We have comprehensive knowledge of each medical position and their complex accounting needs, from medical students through to practice owners, and with tailored tax planning, we can help you find opportunities and overcome challenges across a wide range of areas.
Protecting Your Income
Initially, you’ll find out how you can protect yourself, as well as your business assets, from the unexpected. Protecting your income will ensure that you and your family are covered against unfortunate circumstances including illness, injury or death.
We are here for you through the entirety of your medical career, from medical student through to retirement, and will be available every step of the way to advise and tailor your financial strategies to suit.
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Help When You Need It
We are here for the long haul. At every stage in your life and career, you can call on us to help. You will always have a dedicated contact to answer your questions and guide you through both opportunities and challenges. If for some reason we cannot talk to you at the time of your call, we will get back to you within 24 hours.
Contact us for expert medical financial services to start building and protecting your wealth today.