Tax and Accounting Services | AMA (WA)
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Tax and Accounting Services

AMA Consulting is owned and operated by the Australian Medical Association (WA) and can assist you and your medical practice to optimise success and overcome business problems.

Accounting Services for Private Practice

AMA supports doctors and we value the General Practice and Specialist Practice businesses through which doctors serve our community. We offer a fully outsourced bookkeeping service with a dedicated focus on medical practices.

Benefits

  • Technology – latest Cloud services integrated with your Practice Management software
  • Efficiency – saves time for your administrative and management staff
  • Control – we organise payments and payroll, you authorise
  • Expertise – we can give you insights on your key metrics of financial performance as a medical practice
  • Experience – fully qualified and highly experienced bookkeepers manage your affairs
  • Compliance – we create your BAS returns; submit one touch payroll; pay share of billings to self-employed doctors, and complete information to your Tax Accountant
  • Flexibility – we offer a few options in your set up to suit your needs

Fees

AMA offers a simple transparent fee structure, so a small practice with up to 3 doctors pays only $21,000 p.a. for a full bookkeeping service. That is roughly equivalent to you paying someone with limited qualifications to work 2 days per week. Maybe you have inefficiencies creating hidden costs, for example if you currently have staff spending time on financial administration and you also pay an external bookkeeper. We use technology and dedicated experts to limit the time required of your staff so they need only to forward paperwork rather than spend time on it.

Practice Size: No. of Doctors 1-3 4-9 10 plus
Financial System Setup (one off fee, exc. GST) $2,200 $3,300 $4,400
Billings and Income x x x
Purchases and Expenses x x x
Bank Reconciliations x x x
Payroll x x x
Manage GST, PAYG compliance x x x
Provide Info to Tax Accountant x x x
Monthly Fees (exc. GST) $1,750 $2,500 $3,400

Licence Fees for Xero or alternate payable by Practice

 

Tax Accountant

AMA has secured the services of a highly experienced tax accountant. This service can be independent of bookkeeping and gives you access to advice for even the most complex personal tax requirements.

Whether you are a Practice Owner or a doctor earning a simple share of billings we can ensure that your tax obligations are professionally managed.

For a personalised fee quote contact David McClelland at david.mcclelland@amawa.com.au.