Discover How Allied Health Accountant Services Boost Your Financial Health!

Bookkeeping and Financial Statement Preparation

Accurate financial records are essential for making informed business decisions. Our team provides specialised bookkeeping services from our bookkeeping division, Bookkeeper 2 Business. Our experienced Bookkeepers assist allied health practices, including tracking insurance reimbursements, managing patient accounts and billing, and handling cash-based services. Our qualified accountants also prepare vital financial statements, such as balance sheets, income statements, and cash flow statements, giving you a clear picture of your practice’s economic health.

Appointing an accountant who provides bookkeeping services to an allied health business offers numerous benefits. We can either process your bookkeeping for you or train your team to process the bookkeeping. You can focus on providing quality patient care while we handle the financial nitty-gritty. Our experts help you ensure that your financial records are accurate, up-to-date, and compliant with industry regulations. This allows you to make data-driven decisions and identify areas for growth and improvement.

Tax Preparation and Planning

Navigating complex tax laws for healthcare practices can be daunting. Our allied health tax preparation experts stay up-to-date with the latest regulations to help you minimise tax liabilities and remain compliant. We prepare and file income tax returns, provide proactive tax planning advice, including complex GST issues, and ensure your practice is always in good standing with the ATO. Our detailed tax planning review is free of charge for our BAS clients.

Our team works closely with you to understand your practice’s unique tax situation and develop strategies to optimise your tax outcome. We help you reduce your overall tax bill by using available deductions, credits, and incentives. By staying on top of your tax obligations, you avoid costly penalties and can focus on improving your practice.

Payroll and HR Support

Managing payroll for allied health staff can be challenging, especially when complying with complex tax and industrial relations regulations. Our accountants and bookkeepers take the burden off your shoulders by handling payroll processing, ensuring compliance. Our easy payroll app allows you to manage casual team members by calculating gross and net pay. The easy calculator is available to our payroll clients 24/7 and is free of charge. No more waiting at payroll time for your bookkeeper to be available. The system provides you with the calculation of net pay. It also sends an email to us. Your bookkeeper processes your pay run on the next business day. Making your payday easy and compliant.

We understand that your staff is the backbone of your practice, and their well-being is essential to your success. Our payroll services ensure that your employees are paid accurately and on time. This allows you to maintain a positive work environment and attract and retain top talent.

Business Advisory and Consulting

In addition to allied health tax preparation, we offer valuable business advisory and consulting services. Our experts can help you create budgets and forecasts, analyse financial performance, identify areas for improvement, and provide guidance on cash flow management. We also assist with business strategy and management initiatives to help your practice reach its full potential.

We prepare an annual Business Health Check report free of charge to all Company and Trust clients.

Our team takes a proactive approach to business advisory, working closely with you to understand your goals and challenges. Our Business Development Program can be delivered either as one to one meetings or as an online video based program, depending on your budget and time commitments.

We provide insights and recommendations based on your practice’s unique circumstances, helping you make informed decisions and plan for the future. Whether you’re looking to expand your services, improve efficiency, or increase profitability, we’re here to support you every step of the way.

Industry-Specific Expertise

Our team has a deep understanding of the unique financial needs of various allied health disciplines, including dental practices, physical therapy clinics, chiropractic offices, optometry and ophthalmology practices, and mental health and therapy practices. We stay up-to-date with industry-specific software and tools to provide tailored solutions for your practice.

We recognise that each allied health discipline has its own set of challenges and opportunities. Our industry-specific expertise allows us to provide targeted advice and solutions that address your practice’s unique needs. Whether you’re dealing with complex insurance billing, managing inventory, or navigating regulatory compliance, we have the knowledge and experience to help you succeed.

Benefits of Working with an Allied Health Accountant

By partnering with an allied health accountant, you can enjoy increased financial clarity and organisation, allowing you to focus on patient care and growing your practice. Our services help improve cash flow management and profitability, reduce the risk of errors and non-compliance, and provide access to expert financial guidance and support.

With our team by your side, you can have peace of mind knowing that your practice’s finances are in good hands. We proactively identify potential issues and opportunities, helping you stay ahead of the curve. By leveraging our expertise and support, you can make informed decisions, optimise your financial performance, and achieve your long-term goals.

Choosing the Right Allied Health Accountant

When selecting an accounting firm for your allied health practice, consider factors such as experience working with allied health professionals, range of services offered, reputation, client testimonials, pricing, and value for money. Ask potential accountants about their expertise and how they can support your practice’s specific needs. Finding a trusted financial partner is crucial for your practice’s long-term success.

At Accountants 2 Business, we pride ourselves on our deep understanding of the allied health industry and our commitment to providing personalised, high-quality services. We take the time to listen to your needs, answer your questions, and develop customised solutions that align with your goals. Our team is dedicated to building long-term relationships with our clients, serving as trusted advisors and partners in their success.

Allied health accountant services provide invaluable support to professionals in the healthcare industry. You can streamline your finances, minimise tax liabilities, and make informed business decisions by seeking specialised accounting expertise. Take the first step towards your goals by contacting Accountants 2 Business for a Free consultation and learning more about how we can help your practice succeed.

At Accountants 2 Business, we understand the unique challenges and opportunities allied health professionals face. Our expert accountants are motivated to provide personalised, comprehensive financial solutions that help your practice succeed. From bookkeeping and tax preparation to business advisory and industry-specific expertise, we’re here to support you every step of the way.