Medical centres have many unique bookkeeping challenges and requirements. It is important that you understand these if you own a practice, clinic or other healthcare-related business. In order to uncover ways to increase profitability, and avoid needless costs, bookkeeping accountants work toward maximising every dollar, despite the often low margins involved.
At Wilson Pateras, we provide tailored services as doctor accountants in Melbourne, offering a unique approach to this complicated space. Managing your books for you, we’ll keep you compliant and in line with all relevant tax laws and requirements. meanwhile, our team will always provide you with the reports and data you need to better understand how to increase your practice’s profitability and efficiency, and effectively plan for the future.
Many businesses in this sector share the same accounting problems and often, they compound one another. When this happens, it’s almost impossible to know where you stand. One day you could have a positive cash-flow problem and the next, you could have an issue that makes it appear you are losing money, when you may not be.
Poor financial planning, unreliable reporting and inadequate or ineffective documentation are the top three reasons you might get audited by the Australian Tax Office. If you don’t get these things right, you could end up paying more in penalties than you would have otherwise. At Wilson Pateras, our business accounting experts ensure all of these bases are covered, giving you a team of medical accountants and bookkeepers who know every detail involved in these matters.
Ideally, your bookkeeping should start long before your medical facility opens its doors for business. Doing it this way will ensure that all your accounting transactions are recorded accurately and you have all the necessary financial reports you need to make well-informed decisions about your business.
As accountants for medical practitioners, we’ll ensure your clinic or centre is ready to take on new clients and go public, without any financial risks involved.
There’s never a bad time to start establishing good medical bookkeeping practices as an already-existing healthcare business. If you get your books in order and implement the right financial reporting and planning as soon as possible, you’ll set your business on the right course for success. Gain a clear picture of where you’re heading, and identify challenges before they hit, so you’re always well-prepared for any hurdles.
Take advantage of opportunities as they arise, without getting tripped up by them. Let us create a workable budget for your business and guide you towards sticking to it. Know where your money’s going and how your revenue streams are performing. No matter what aspect of your financial situation you need clarity on, we’ll provide it.
If you’re looking for a medical accountant that ensures you’re always on the right track, we’re the first port-of-call in Melbourne. Contact us now for a no-obligation discussion around your needs and goals.
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Our team of accountants, bookkeepers and financial advisors work seamlessly to assist you with all of your medical practice and personal finances. Our accounting services include:
Tax minimisation strategies, tax returns and financial statements
Recording and managing all financial day-to-day transactions of your practice
Comprehensive payroll services including super contributions and PAYG tax
Regular reporting on your practices' financial performance
Preparation and lodgement of your BAS and IAS (including FBT and GST)
Keeping track of the money coming in and out and help you meet your financial goals
Our ‘all-in’, knowledge-sharing approach means that Wilson Pateras’ accountants, bookkeepers and financial advisors work together to deliver the results you seek to achieve.
Accountable and accessible, Wilson Pateras advisors and strategists are located in our convenient Melbourne location in Richmond.
Never suffer accounting bill shock with Wilson Pateras’ fixed monthly fee structure. Whether you engage our talented team for ongoing advice and support or one-off tasks, our fees will be quoted upfront.
Contact your Wilson Pateras accountant or advisor whenever you require support – all at no extra cost.
Wilson Pateras tailor solutions to your unique circumstances, goals and budget – ensuring you pay only for the services you need.
Here’s what our clients say about Wilson Pateras.
Wilson Pateras’ depth of understanding regarding the medical industry is what truly sets us apart. Enjoy the benefit of having an accountant who understands the systems and software favoured by medical practices. We are across:
Are you looking to set up your own medical practice? Or maybe you are already running one but want to improve the financial side of the business. Wilson Pateras medical accountants can help you with:
A specific strength of the Wilson Pateras team lies in our way of reporting. We can categorise practices by location or by doctor. This information provides practice managers valuable information on how each location is operating and how each doctor is performing – giving the opportunity to allocate additional resources where necessary.
Book a strategy session to find out more about how we can help your practice. Please fill out the form and one of our specialists will be in touch with you.
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Level 1, 678 Victoria Street
Richmond VIC 3121
Phone: (03) 8419 9800
Fax: (03) 8419 9888
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Level 1, 678 Victoria Street
Richmond VIC 3121
© 2024 – Wilson Pateras
This content has been prepared by Wilson Pateras to further our commitment to proactive services and advice for our clients, by providing current information and events. Any advice is of a general nature only and does not take into account your personal objectives or financial situation. Before making any decision, you should consider your particular circumstances and whether the information is suitable to your needs including by seeking professional advice. You should also read any relevant disclosure documents. Whilst every effort has been made to verify the accuracy of this information, Wilson Pateras, its officers, employees and agents disclaim all liability, to the extent permissible by law, for any error, inaccuracy in, or omission from, the information contained above including any loss or damage suffered by any person directly or indirectly through relying on this information.
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Principal
With over 25 years’ experience in the business services and professional advice space, I have been fortunate to have experienced and given guidance on many tax and non-tax issues over my professional lifetime to a wide variety of clients in industries including manufacturing, law, retail, property, medical and the professional services industries.
A selection of those areas of advice include structuring and restructuring options for businesses and investment using trusts, companies and self-managed superannuation funds dealing with tax such as CGT, GST and Stamp Duty, assistance with audits conducted by various tax bodies and negotiations with the Australian Taxation Office or State Revenue Office on behalf of clients, advice and guidance in relation to family, estate and business succession planning, international tax, deceased estates and management consulting.
Principal
I am an extremely client focused individual who strives to provide the best possible advice to my clients. My approach of putting the client first has built considerable trust between myself and my clients. I place great emphasis on building and maintaining client relationships.
I have over 18 years experience in professional practice working on diverse client bases ranging from small, medium and large businesses to high net worth individuals. I am a member of CPA Australia, hold a Bachelor of Science from the University of Melbourne, a Graduate Diploma in Accounting from Monash University and I am a registered tax agent.
My experience is diverse from the preparation of tax returns and financial statements for all types of entities, to tax planning and business structuring strategies, to navigating through ATO audits, assisting clients with family law matters and have experience consulting to international corporations. I also have an interest in accounting software and information technology, and have previously spent a number of years as a part time IT manager.
I joined Wilson Pateras to be part of a dynamic and growing organisation that strives to provide the highest quality of advice to its clients whilst developing its people to their full potential.
Director
With my years of experience, I have acted as an adviser, strategist, negotiator and counsellor to hundreds of business owners. Over this period, I have gained a wealth of knowledge about what makes businesses and their owners tick. I am passionate about understanding the key drivers of business performance and helping business owners achieve their full potential.
My business life has taken me through all sorts of structures including private business partnerships and executive roles in listed public companies. More recently, I established Wilson Pateras in conjunction with Nick Pateras. We recognised a gap in the market place for a more personalised approach to servicing clients needs.
The world is constantly changing which creates new challenges for business owners. In these times Wilson Pateras remains a constant to help guide our clients towards future success.
