For GPs, specialists and practice owners
Important financial decisions shouldn't be made in isolation.
As your medical career progresses, decisions about income, tax, borrowing, practice ownership and wealth become more connected.
Verity Advisory helps Brisbane doctors, specialists and practice owners see how those decisions fit together, particularly when circumstances are changing or a big commitment is coming up.
Arrangements that worked when you started practising may not suit you once income rises, borrowing grows or practice ownership becomes possible. We help doctors through four transitions.
Moving beyond PAYG employment brings decisions about tax, cashflow, super, insurance and borrowing. Whether you're starting locum work, setting up in private practice or new to practising in Australia, early decisions shape the options you have later.
What needs setting up now, what to review, and what to plan for before longer-term commitments.
Advice for GP contractorsAs earnings rise, the arrangements you started with may stop fitting. Sole trader or entity? How do the personal services income rules affect your options? Would a change affect future borrowing or investment plans?
Higher income doesn't automatically mean a more complex structure is better. We help you see which arrangements suit you before anything changes.
Tax advice for doctorsBuying into, establishing or expanding a practice can be one of the largest financial commitments of your career, and it involves more than the purchase price.
Ownership arrangements, funding, practice performance, after-tax cashflow, existing debt and personal commitments, considered before you sign, alongside your lawyer and other advisers where needed.
Practice buy-in adviceA high income and personal wealth aren't the same thing. Property, investments, super, business interests, debt and insurance tend to be set up at different stages and rarely reviewed together.
A financial plan that brings these together, aimed at long-term security and, over time, less reliance on clinical income.
Financial advice for doctorsTax, lending and financial planning decisions often affect one another. Advice given in isolation can miss the connections.
At Verity, tax, lending and financial advice are considered together before you commit.
A structured approach to financial decisions. Depending on your circumstances, it may involve tax advice, lending, financial planning or coordination with your other professionals.
Your current arrangements, objectives, existing commitments and the decisions coming up.
Identify where decisions interact and where the gaps are, examine the options and trade-offs, and work out what advice you need.
Clarity on the decisions in front of you, their trade-offs and an agreed order of next steps.
The aim isn't more complexity. It's understanding what matters, what can wait and what to address before you commit.
Tommy, your expertise in managing finances and attention to detail truly make a difference.
Tommy is a fantastic accountant. He is knowledgeable, reliable and provides an excellent service.
Founder and Principal Adviser
Verity Advisory is an advisory practice for doctors and medical practice owners, bringing together accounting, tax and financial advice.
Book a 15-minute call about your circumstances and the help you may need. If further advice suits you, we'll explain the scope and fees before any work starts.
The Doctor Financial Scorecard is a short self-assessment that highlights areas worth reviewing. It's a starting point, not a substitute for personal advice.