Allied Health

Allied Health

Our team has significant experience in the allied health industry so we understand the unique business, financial and tax-related challenges faced by professionals such as doctors, dentists,  physiotherapists, psychologists, osteopaths, dietitians, podiatrists, occupational therapists, speech pathologists and other health practitioners.

Our approach is tailored to meet the specific needs of your practice, ensuring that you can focus on what you do best – caring for your patients – while we handle your financial and tax obligations.

From simple to complex matters, we can tailor our business services to suit your practice’s requirements.

Whether you run a busy dental clinic, a growing physiotherapy practice or manage a general medical practice, we are experienced in your industry and are ready to assist.

We’ll handle all of your tax compliance needs relevant to your practice’s business structure (sole trader, company, partnership, trust).

We also manage BAS returns, Payroll Tax returns, Fringe Benefits Tax returns and ATO audits.

Our comprehensive suite of tax and accounting services are tailored to meet your needs, from income tax returns and tax planning and advice to financial reports, business structures, family trusts and self-managed super funds. We have a wealth of knowledge and experience in tax and accounting to optimise tax positions and minimise tax.

Tax Advice & Compliance

We’ll handle all of your tax compliance needs and will work proactively with you to help implement legitimate tax planning strategies

Accounting & Business Reporting

Use our simple, graphical and well presented monthly reporting pack to gain insights into the profitability and key drivers in your practice in real-time

Practice structuring & setup

Structuring allied health practices is complex and should consider asset protection, income distribution, growth plans and succession planning

Tenant doctor structuring advice

Healthcare professionals need to be cautious of PAYG, GST, Payroll Tax and WorkCover issues when incorrectly structuring tenant-doctor arrangements

Our clients in the allied health sector consistently benefit from our proactive approach, industry experience and commitment to delivering results. We pride ourselves on building long-term relationships based on trust, integrity and a deep commitment to your success.

Payroll Tax & general practitioners

The State Revenue Authorities across Australia have released a ruling in August 2023 on how state-based payroll tax applies to medical centres (and other allied health centres). Read more here

This ruling explains the application of Payroll Tax (via the contractor provisions) on an entity operating a medical centre business that contracts with medical and health practitioners (or the entities of such practitioners) to provide services to patients.

Victorian Government Announcement

The Victorian Government announced that all Victorian general practice businesses will receive an exemption from any outstanding or future assessment issued for payroll tax on payments to contractor GPs for the period up to 30 June 2024.

It also announced that a further 12-month exemption from payroll tax for payments to contractor GPs, through to 30 June 2025, will be available for any general practice business that has not already received advice and begun paying payroll tax on payments to their contractor GPs on this basis.

If your Medical Practice is not across these developments we encourage you to contact us for a chat so that we can determine how they impact your practice.

The recent Payroll Tax activity focused on Medical Practices and their engagement of Practitioners as well as the ATO’s recent indepenent contractor rulings is resulting in the greatest disruption and re-organisation of the general practice sector in history

Its also been announced that the Victorian Government will provide an exemption from payroll tax for payments to contractor GPs and to employee GPs for providing bulk-billed consultations from 1 July 2025.  These changes will support GPs and the important work they do looking after Victorians, however it is important that Medical Centres and GP’s are aware of these upcoming developments to ensure they receive the exemption.

Other states

  • SA have announced a similar ongoing exemption for GP’s providing bulk-billed consultations
  • NSW have paused audit activity for Medical practices until August 2024
  • QLD amnesty closed November 2023

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  • 1300 878 876 | (03) 5959 1970
  • contact@upturn.com.au
  • L1, 1A Main St Mornington VIC 3931