Suite 4, 255 Whitehorse Road, Balwyn VIC 3103
Suite 4, 255 Whitehorse Road, Balwyn VIC 3103
Health
GP clinics, dental practices, and allied health. We understand the financial and regulatory pressures of running a healthcare business in Victoria and Australia.
Payroll Tax Specialists
Contractor and tenant doctor risk
Service Entity Experts
Correct structures from day one
SMSF for Practitioners
High-income superannuation strategies
Principal-Led Advice
Advice from experienced and knowledgeable professionals
Payroll Tax Specialists
Contractor and tenant doctor risk
Service Entity Experts
Correct structures from day one
SMSF for Practitioners
High-income superannuation strategies
Principal-Led Advice
Advice from experienced and knowledgeable professionals
The Challenge
The contractor doctor issue is one of the biggest risks for Victorian medical centres. The wrong structure means a serious, unexpected liability.
A poorly drafted service agreement can be challenged by the ATO. Getting it right from the start matters more than fixing it later.
Many Practitioners get the wrong advice; our highly skilled team are well versed in PSI rules and ensure you avoid costly mistakes with the ATO.
Many high-earning practitioners defer personal financial planning. Without an active Superannuation and asset protection strategy, significant tax-saving, wealth-building, and risk-management opportunities can be missed.
What We Cover
Covering the practice, the practitioner, and the wealth behind both.
WHY KIDMANS PARTNERS
Your practice tax, personal income, SMSF, and lending are designed together.
The Thomas and Naaz decision changed the risk profile for Victorian medical centres. We review arrangements accordingly, before the ATO does.
We understand the nuances of medical practice structures, payroll tax obligations, and healthcare-specific compliance requirements.
We alert you to legislative changes before they affect your practice, not after your next tax return.
TRUSTED IN MELBOURNE AND AUSTRALIA-WIDE
Don't take our word for it. Here's what our clients say about working with the Kidmans Partners team.
Related Services
Our integrated practice means your accounting, audit, and advisory needs are handled under one roof.
Tax compliance, FBT, payroll tax and strategic tax planning tailored to the health care sector's unique obligations.
Strategic advisory for health care operators navigating funding reform, growth planning, and operational efficiency.
Align your business exit strategy with your personal wealth goals. Our wealth team works directly with your advisory team.
NEWS & INSIGHTS
TAKE THE FIRST STEP
A complimentary initial call with one of our Senior Team Members. No obligation. No jargon. Just a clear plan for what comes next.
Frequently Asked Questions
Following the Thomas and Naaz decision and subsequent rulings by the State Revenue Office of Victoria, payroll tax obligations have been extended to payments made by medical centres to contractor and tenant doctors in many circumstances. Whether payroll tax applies depends on the specific arrangements in your practice. We review contractor and service agreements against the current SRO rulings to assess your exposure and advise on structuring to manage the risk.
A service entity is a company or trust that provides administrative, staffing, and facility services to a medical practitioner in exchange for a service fee. The structure allows income to be distributed more tax-effectively. However, the ATO has specific requirements about how service fees are calculated and documented. Poorly structured or undocumented service arrangements can be challenged. We establish and review service entity arrangements to ensure they are compliant and defensible.
In some circumstances, yes. A self-managed super fund can acquire commercial property and lease it to a related party, which includes your medical practice, provided the arrangement is on arm’s length terms and meets the SIS legislation requirements. This can be a tax-effective way to own your premises. We advise on the structuring requirements and ongoing compliance obligations involved.
The calculation depends on the nature of each arrangement. Employees attract payroll tax in the usual way. For contractor doctors, the SRO applies a specific test based on whether the relevant contract provisions are triggered. Where they are, the payments to those practitioners are included in the payroll tax calculation. We model your payroll tax position and advise on which arrangements are most likely to attract liability.
The right structure depends on several factors, including the number of practitioners, whether the practice will employ staff, how income will be distributed, and your personal asset protection requirements. Common structures include a company, a discretionary trust with a corporate trustee, or a service entity arrangement. We advise on structuring for new medical practices and ensure the setup is right from day one, rather than having to unwind it later.
