Healthcare
Where we focus within healthcare
Our work in healthcare concentrates on the areas where practitioner arrangements and structure create the most complexity.
Practice & service entity structuring
Many healthcare practices operate through a service entity supporting individual practitioners. We structure and maintain this properly, so it reflects how the practice actually operates.
Practitioner arrangements
Whether practitioners are employees, contractors or associates, the tax and compliance treatment differs significantly. We help you set this up correctly and keep it that way as the practice grows.
Our approach to healthcare
Growing from sole trader to group practice changes everything.
Cash flow, compliance and structure are different for healthcare practices. Generic advice does not cut it.
Healthcare businesses range from a single practitioner working under their own ABN to multi-practitioner group practices with service entities and shared overheads. Each stage carries different structuring, tax and compliance requirements.
We have worked with practitioners and practice owners for over a decade. We understand service entity arrangements, practitioner tax treatment, and how to structure a growing practice so it supports the practitioners in it rather than creating compliance risk.
Service entity structuring
Properly structured and maintained arrangements between practitioners and the practice entity, reviewed as the group grows.
Practitioner tax treatment
Correct handling of employee, contractor and associate arrangements as the practice takes on more people over time.
Practice growth planning
Structure and reporting that scales as you add practitioners, extra consulting rooms or a second location, without a rebuild each time.
Equipment and premises planning
Practical advice on financing and structuring equipment and premises as the practice invests and grows over time.
Why Wiseman
Deliberately focused on you
Rather than serving every kind of business, we’ve built our practice around growth-minded, family-owned businesses. Here’s what that means in practice.
Built for family business
We focus on established, family-owned businesses turning over $1M or more, with real depth in construction, professional services and real estate.
A dedicated client manager
Your advice comes from an experienced client manager who knows your business.
Independent & conflict-free
We don’t sell financial products, lending or property. Nothing we recommend is shaped by what we have to sell.
Proactive all year
Regular advisory meetings and Xero-based KPI monitoring, so we help you plan ahead rather than only reporting on the year that’s already gone.
Value, not price
We compete on the quality of advice and the results it drives, a long-term partnership, not the cheapest return in town.
Genuinely local
An Ipswich firm that understands South East Queensland business, growing alongside the owners we work with.
What should an accountant for healthcare actually understand about how practices run?
Service entity arrangements, and how tax and compliance treatment differs between employees, contractors and associates. As an accountant for healthcare, that’s where we spend our time, rather than treating a practice like any other small business.
We've grown from a sole practitioner to a small group. Does that change what we need?
It does. Each stage, from a single ABN through to a multi-practitioner group with a service entity and shared overheads, carries different structuring, tax and compliance requirements, and we review the setup as you grow.
How do you handle the difference between employee, contractor and associate practitioners?
We set up the correct tax and compliance treatment for each arrangement from the start, and keep it that way as the practice takes on more people over time, rather than letting arrangements drift without review.
Our service entity was set up years ago. Does it need to be reviewed?
Possibly. Service entity arrangements need to be properly structured and maintained, and reviewed as the group grows, rather than left exactly as they were drawn up when the practice was much smaller than it is now.
Can you help plan for new equipment or a second location?
Yes. We give practical advice on financing and structuring equipment and premises as the practice invests and grows, so the timing of a big purchase works with your cash flow rather than fighting against it.
We've grown a lot since our service entity was first set up. What's the best way to bring you up to speed?
Start with your current entity and service arrangement, how practitioners are currently engaged, and where the practice is heading over the next few years. That gives us enough to see what fits and what needs attention.
