Some medical professionals have more than the average level of knowledge on taxation requirements. It's pretty universal however, that medical professionals don't have much time to spend on guaranteeing tax compliance.
You might have a number of personal reasons for choosing the career you did. But no matter why you chose it, you need to think carefully about how you spend the money you earn. What are your priorities? What standard of living are you trying to maintain? What are your retirement plans? Read More
As if the medical profession wasn't challenging enough, making the leap into private practice adds on even more responsibility and stress. But if this is your personal goal as a professional, then you need the transition to be as seamless as possible. How can Nitschke Nancarrow help?
The more you earn, the more important it becomes that you pay attention to details and report everything accurately. You probably need some help with your accounting and financial planning to make sure you meet your financial obligations and obtain all benefits that you’re entitled to.
Nitschke Nancarrow can assist and manage all of the administrative aspects associated with starting up your new practice. We implement strategic policy solutions, staff recruitment and staff training systems. We take the stress out of the financial implications that come with a new practice start-up, so that your finances take off on the right foot. This frees you up to focus on providing a service to your new patients
Once a business plan has been implemented, it is time to complete short term goals. This is done through bench marking against industry leaders to see where your practice stacks up in specific areas, and what can be done to achieve similar results. Comparisons to world class industry leaders using critical analysis of budgets, costings, product value and more, allows us to fast track the performance potential by scaling up your strengths and improving weaknesses.
Nitschke Nancarrow service all established GP and specialist medical practices, on an on-call basis, or for on-going practice management support. Our team provide on-site and remote assistance to address any issues or challenges that may arise in the daily running of your practice. By providing continual support that compliments our more formal monthly and quarterly reviews we work together to improve workplace productivity, staff satisfaction and workflow solutions.
We maintain a 24/7 support service for all medical practices that we work with, and this is manifested into a quarterly assessment of your practice's KPI (Key Performance Indicators). It is important to set these KPI's and to continuously monitor them to keep your business moving forward. All staff should be aware of their expectations in the practice, so that productivity and job satisfaction are high, which provides a better service for all staff and patients.
The biggest challenge that most medical practices face is an inability to reconcile bank statements efficiently and record all transactions. We use the latest digital software technology to streamline this process, so that your financial records are securely and automatically updated.
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We’ve got you covered, for all stages of life. We work with individuals, small businesses and franchisees, providing expert tax advice, audits and full financial services.
Kym Nitschke and Loyal Nominees Pty Ltd atf Kym Nitschke Family Trust trading as Nitschke Nancarrow are Authorised Representative Nos 332656 and 1239210 (respectively) acting under authority from Synchron.
