Accountant for Medical Professionals Melbourne — Strategic Tax Planning for Doctors, Dentists & Specialists

Medical professionals are among the highest earners in Australia — which makes getting the tax right absolutely critical. The wrong structure costs you tens of thousands every year.

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★★★★★ 83 5-Star Google Reviews | Led by Mina Baselyous, CPA + Chartered Tax Advisor | Registered Tax Agent

Why Medical Professionals Need a Specialist Accountant

The tax and structuring needs of a doctor, dentist, or specialist are fundamentally different from a typical business owner. Most general accountants don’t understand the nuances — and that costs you.

High income attracts the top marginal tax rate — without the right structure, you pay it in full
Practice income, employment income, and investment income need to be managed together
Superannuation is a powerful tool — but most medical professionals aren’t using it strategically
Asset protection is critical — professional liability exposure means your personal assets must be shielded
The transition from employee to practice owner is a major tax event that requires careful planning

How We Help Melbourne Medical Professionals

Income Splitting via Family Trust

Where clinically and legally appropriate, we use family trust structures to distribute income to lower-income family members — significantly reducing the overall tax rate on practice income.

Superannuation Maximisation

The concessional cap is $30,000 per year. We ensure you’re making the most of every dollar — including catch-up contributions if you’ve had lower-income years — to build wealth in a concessionally taxed environment.

Practice Entity Structuring

Whether you operate as a sole trader, through a company, or via a service trust arrangement, the structure determines how much tax you pay and how well your assets are protected. We get this right from the start.

Asset Protection

Your personal assets — home, investments, super — need to be separated from practice risk. We use company and trust structures to ensure professional liability doesn’t expose your personal wealth.

Bucket Company Strategy

When family beneficiaries are already at high tax rates, we can distribute trust income to a bucket company — taxed at just 25% — retaining profits for future investment. The 25% rate applies where the company is a base rate entity, which a bucket company fed by a trading practice normally is.

Investment Portfolio Integration

Many medical professionals build significant investment portfolios alongside their practice. We ensure the tax strategy across practice, property, and investments works as a coherent whole.

Employed vs. Practice Owner — The Tax Difference Is Massive

As an employee (registrar, salaried specialist), your income is fully exposed to the marginal tax rate. There’s limited planning available.

As a practice owner or contractor:

You can access business deductions unavailable to employees
Practice income can flow through a trust and be split to reduce rates
A bucket company can be used as a beneficiary to cap tax at 25%, where the company qualifies as a base rate entity
Superannuation contributions become a deductible business expense
Motor vehicle, professional development, and equipment deductions are available

The transition from employed to self-employed or practice owner is one of the most significant financial decisions in a medical career. We help you structure it correctly from day one.

Who We Work With

General practitioners and GP practice owners
Dentists and dental practice principals
Medical and surgical specialists in private practice
Allied health professionals (physiotherapists, psychologists, optometrists)
Radiologists, pathologists, and other diagnostics specialists
Medical professionals transitioning from employment to private practice

What Our Clients Say

“They operate as strategic business and tax advisors — not just compliance accountants — working alongside other professionals almost like a board of directors for the client.” — Mario Boudewyn, Financial Adviser

“As a commercial lawyer, I have had the opportunity to work with many accountants, but Mina and his team truly stand out. Their thoroughness and exceptional communication skills made our recent collaboration an absolute success.” — Vinu Kumar, Commercial Lawyer

“Mina’s ability to provide round-the-clock advice on the most confusing elements of tax-related topics is impressive.” — Daniel Frieh, Business Owner

Frequently Asked Questions

Can I use a family trust as a medical professional?
It depends on your specific arrangement — whether you’re employed, a contractor, or a practice owner, and what state you operate in. Service trust arrangements used in medical practices are well-established but need to be structured correctly. We assess your situation and advise accordingly.

How much can I save by restructuring as a practice owner?
This varies significantly based on income and structure — but for high-earning practitioners, the savings from income splitting and superannuation maximisation alone can easily exceed $20,000–$50,000 per year.

What’s the best superannuation strategy for a high-income medical professional?
At minimum, maximise your concessional contributions ($30,000 for FY26). If you’ve had lower-income years (residency, fellowship), look at catch-up contributions. Consider a self-managed super fund if your balance and investment strategy justify it.

I’m transitioning from hospital to private practice — where do I start?
Start with us — before you sign anything. The structure you set up determines your tax position for years. Book a consultation and we’ll map out the right approach.

Ready to Pay Less Tax on Your Medical Income?

Book a no-obligation 15-minute consultation. We’ll look at your current situation, identify the planning opportunities, and tell you exactly how we can help.