Looking for tax advice specific to doctors?

We can execute specialised tax-saving strategies for doctors, medical professionals, and private practices to reduce your tax bill at the end of the year and maximise your earnings for your entire career.

Our experienced and qualified tax accountants understand the complex financial needs of doctors and the costs of working in the medical industry. As a result, we’re able to provide tailored tax advice specifically for doctors and a range of tax planning services.

Doctors often qualify in the highest tax brackets, resulting less of your income ending up in your pocket. This means you need to be diligent with your tax planning to ensure you receive the maximum in tax returns.

Partnering with an industry-trusted tax advisor and leading medical accounting firm will guarantee that your taxes are correctly submitted and delivering any potential tax refunds.

Smith Coffey tax accountants are experts in medical tax requirements and financial planning for doctors - we’ve been doing it since 1972.

Our expertise in the medical industry means thousands of doctors and medical professionals have trusted us with their tax returns and planning.

The specialised team of Smith Coffey tax advisers can help you find and take advantage of your tax opportunities while minimising challenges across a wide range of taxation areas – meaning you’re always in great hands.

 

We specialise in tax for doctors, so you don’t have to

We have been providing taxation and accounting services since 1972. Over this time, we have become the leading specialist advisers for medical professionals.

By working with a local Perth accounting company who specialises in tax advice for doctors, you can rest assured in knowing you’re finances and taxes are in experienced and trustworthy hands.

At Smith Coffey, we understand your tax requirements and financial position as a doctor and we are constantly looking to develop long-lasting and financially beneficial tax strategies for your income.

We can provide tailored tax planning across a range of financial services, including;

  • Optimal Tax Practice and Investment structures
  • Income Tax Returns for Doctors
  • Fringe Benefits Tax
  • Salary Packaging
  • Business Activity Statements (BAS) / GST
  • Capital Gains Tax
  • Stamp Duty
  • Land Tax
  • Business Strategies
  • Superannuation and Retirement Planning
  • Bookkeeping
  • Payroll Tax
  • Management Service Fee Agreements

Download a copy of our Tax and Accounting fact sheet for further information.

 

Get long-term tax savings & secure your financial future

We’ve helped our clients save thousands of dollars in tax through appropriate tax planning and strategies. Our qualified and experienced accountants provide tax planning for doctors as well as preparing and lodging tax returns to maximise tax refunds whilst meeting all tax obligations.

No matter what stage you are in your medical career, we assist individuals, trusts, companies, private practices, partnerships, associateships, and self-managed super funds (SMSF) to protect and grow their wealth.

book an initial consultation, on us!

 

Industry-leading medical tax accountants

Our Certified Practising Accountants (CPAs), Chartered Accountants (CAs), Public Accountants (MIPA) and Chartered Tax Advisers (CTAs) are at the top of their field.

They are passionate about what they do and always seek to deliver the best results for doctors.

Through continuous education and training, they maintain the latest specialist knowledge and are qualified to advise in the most demanding taxation and accounting matters.

We conduct regular training sessions to ensure our tax accountants and consultants are at the forefront of any changes and are immediately aware of any new rulings or changes in tax legislation.

We also specialise in financial planning that is specific to medical professionals, with our clients trusting our services since our inception in 1972. 

In addition to accounting qualifications, our consultants are RG146 compliant and have completed either the Diploma of Financial Services (FP), the Advanced Diploma of Financial Services (FP) or the Diploma of Financial Planning.

 

Tax-effective wealth creation strategies for doctors

If you’re ready to build your wealth, we’re ready to help you protect and grow it in the most tax-effective environment.

We can execute specialised tax-saving strategies for doctors, medical professionals, and private practices to reduce your tax bill at the end of the year and maximise your earnings.

These strategies will look at using your superannuation, negative gearing, family trusts, income splitting, investment bonds and more, and will be discussed with you for ensuring a clear financial direction with a robust plan.

Whether or not you’re wanting to grow your future wealth or plan for your retirement, the team at Smith Coffey can help you achieve your financial goals by building and planning for a secure financial future.

book an initial consultation, on us!

 

Bespoke tax returns helping Perth doctors save

In combination with growing and protecting your wealth over time, we also work with you to minimise your tax with specific tax deductions for medical professionals.

Tax-deductible expenses for doctors can be claimed if they are work-related, such as appropriate deductions for car costs, travel, clothing, and self-education.

Continuing professional development (CPD) is one area where it pays to know what you can claim at tax time. The costs associated with meeting your CPD points requirement could be eligible to be claimed as a self-education tax deduction for doctors, for example.

Other relevant expenses you can claim a tax deduction for include:

  • Professional indemnity insurance (Avant, Medical Defence, MIPS)
  • Medical journal subscriptions and publications
  • AMA, AHPRA or other medical professional association membership fees
  • Medical equipment and insurance for that equipment

When it comes to tax time, it’s best to trust the experts who have been looking after doctors since 1972. We’ll provide you with the expertise and knowledge to efficiently prepare and lodge your tax returns to generate strong returns for you and your practice.

 

Grow your income with private practice tax strategies

We’ll work with you to maximise returns in your new or established medical practice by optimising your practice structure for tax efficiencies and asset protection.

Not all tax accountants understand the nuances of private practices and the financial management required. We make it easy for you to set yourself up for success:

  • We can get your tax return done every year if you follow our process (which is easy for you) without bothering you with trivial queries.
  • We'll tell you how much tax you must pay 18 months in advance.
  • We'll make sure you've saved this tax.
  • We'll make sure you get a refund every year.
  • We can do this because we only work with doctors – we understand your needs.

 

Get tailored tax advice today

We have a client-first philosophy that's based around helping you create a clear and secure financial future. This means we take the time to get to know you and your particular needs to that we can make the most appropriate recommendations.

We understand the complex financial needs of doctors throughout the medical industry so if you require support from our team of financial experts and tax advisors, we welcome you to contact us to book an initial consultation at no cost to you.

 

who you'll be having a good chat with

Kristine Smith | Smith Coffey
Darren Freeman | Smith Coffey

Kristine Smith

Client Services Manager, Principal

Kris joined Smith Coffey in 1995 and has had over 25 years experience in managing clients' taxation and business needs. Kris has a Bachelor of Business (Curtin University), and Master of Business Administration (University of Western Australia). Kris is a member of the Institute of Chartered Accountants, is a Chartered Tax Adviser with the Taxation Institute of Australia and a Member of the Institute of Public Accountants (MIPA). 

Kris’s interests include movies, theatre, art and is a lover of all creatures great or small. Kris is currently volunteering at Kanyana Wildlife Rehabilitation Centre in Lesmurdie.

Darren Freeman

Client Services Manager, Principal

Darren commenced with Smith Coffey in 1993 and provides accounting, consulting and taxation advice to the medical and dental profession.

He holds a Bachelor of Business and is a member of the Institute of Chartered Accountants (CA). Darren is also a Chartered Tax Adviser (CTA) and is a Member of the Institute of Public Accountants (MIPA).

Darren is married with two children and outside the office enjoys playing squash and soccer and is a member of the Perth Glory Football Club.

Darren is well qualified to advise clients on all their accounting, taxation and practice matters.