Medical & Allied Health


Why use a specialised accountant for doctors and medical professionals?

As a busy professional, the last thing you want to worry about is the complexities in your tax requirements and financial obligations.   That’s why SMART Business Solutions are the accountants who specialise in accounting for doctors and specialists, dentists and medical health professionals, and medical or dental practices.

We believe that your needs are unique because your business cycle is different to other professions. Your wealth grows in different patterns. Your work life is unique and so is your path to retirement.

SMART Business Solutions are skilled in understanding the intricacies in medical and allied health accounting including debt reduction, further investments using trust structures, investment companies and self-managed superannuation funds to protect investment from your industry specific risk.

With a large portion of the Mornington Peninsula business community being built up by medical and allied health practitioners, the entire SMART team are regularly trained on legislative updates and changes to support our medical and health care clients.

There are many ways we can help. Email us or phone us on 03 5911 7000 to discuss our services.

Ask us about:

Strategic tax advice to minimise your effective tax rate
Business and personal cashflow planning and budgets
Business planning and coaching
Tailored financial planning to maximise wealth
Estate planning
Personal insurances including Life, TPD, Trauma and Income Protection
Business insurance including Key Person, Buy/Sell and Business Expenses.

Meet your medical accounting experts.

Grow, thrive and plan for a luminous retirement with the most awarded accountants on the Mornington Peninsula and Greater Melbourne region. 

We understand that not everyone works 9 to 5. We're flexible in our communication and are happy to arrange early morning or after hours appointments to suit you. Call us on 03 5911 7000 to arrange a complimentary consultation.

Shannon Smit

B.Bus Acc CA, Registered Tax Agent, Financial Advisor

Shannon’s career has spanned global firms in New York, Prague, Amsterdam and Melbourne, before she settled back to the Peninsula and set up SMART Business Solutions in 2007. Shannon is an active and trusted panel member of the Australian Board of Tax Advisory. The last review she was involved in resulted in the Instant Asset Write Off (from $20,000 to $30,000), a simpler BAS, and an increase in the threshold of a small business to $10 million.

In addition, as President of the Committee for Mornington Peninsula, Shannon is a proactive and passionate advocate for the local business community.

Daniel McCulloch

B.Bus Acc CA, Registered Tax Agent

Highly skilled in the technicalities of accounting for medical professionals, Daniel can help you manage every aspect of your medical consulting business. He offers a deep understanding of the key issues affecting businesses and individuals in the medical industry.

Daniel can assist you in managing the complexities of PSI and service entity arrangements, as well as advising and maintaining the most appropriate tax structure for your business.

Daniel’s honest and detail-oriented approach ensures you receive the best tax and business advisory service..

“As a medical specialist, I spent my 20’s studying and scrimping whilst everyone around me was earning a decent income and building their financial foundations. Fast forward to my 30s where I was finally a qualified medical specialist and began earning and operating a business. I was struggling to make sense of the complexities of my business entities and the confusing advice I had received to date. I ended up in tax debt quite quickly, with no real understanding of the complexities of PSI income or cashflow management.  After engaging Shannon and Daniel, I have been provided with a sense of financial confidence that I have not experienced before. They have helped me transform the way I operate my practice and how I manage my personal finances, resolving the overwhelming anxiety I was constantly living with.”

Medical Specialist
SMART client

17 Apr

The assault on professional services

The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax.

11 Mar '21

Important Tax Update for Medical Professionals - ATO Income Changes

6 Aug '20

Making Debt Structuring Work For Your Medical Practice