For dentists
Dentistry asks a lot of you financially. There is an associate agreement to make sense of, a home to buy, then a practice to buy into, fit out and one day sell. Verity Advisory helps Brisbane dentists make those decisions with their tax, borrowing and investments considered together.
Know what to do next, not just what you owe.
You have a service and facility agreement, an ABN and a first tax bill on the way. We set up your record keeping, tax instalments and super so the first year does not end with a surprise.
Contractor income, a short trading history and a study loan all change how a lender reads you. We work out what you can borrow before you start looking, and which lenders' policies suit dentists.
Price, structure, finance and the agreement between owners need to line up before you sign. We review the numbers, test the repayments against practice cash flow and work alongside your solicitor.
Associates, another chair or a second site bring payroll tax, service entity and cash flow questions. Later, the way you hold the practice affects what you keep when you sell.
Most associate dentists work under a service and facility agreement and are not employees. That affects who collects patient fees, how GST applies to the service fee, what you can deduct and how much to set aside for tax.
A company or trust does not by itself change the tax on income you earn through your own work. We test any structure against the personal services income rules and the ATO's published guidance before recommending one. See our tax advice page for how we approach this.
Payments a clinic makes to contracted dentists can be treated as wages for payroll tax under Queensland's relevant contract rules. The amnesty for contracted dentists ended on 30 June 2025, and the exemption introduced for general practitioners does not cover dental clinics.
How patient fees flow, who holds the money and how the arrangement runs day to day all affect the answer, whatever the written agreement says. The Queensland Revenue Office sets out its view in Public Ruling PTAQ000.6.5.
Lenders assess dentists differently from most borrowers, and their policies differ from each other. Some offer concessions to dental practitioners, such as waiving lenders mortgage insurance in some cases. Eligibility and limits vary by lender and change over time.
Because we also prepare your tax position, we can show you how a decision that lowers this year's tax may lower what you can borrow. We explain why in how tax minimisation limits borrowing capacity.
For most of your career, your ability to practise is your most valuable asset. We advise on income protection and life cover, superannuation contributions and investing surplus cash, so your wealth is not tied entirely to the practice.
Read more about our financial advice service.
We start with where you are: income, structure, debts, agreements and what is coming in the next few years.
You receive a written plan that sets out the decisions in order, what each one costs and saves, and what we have assumed.
We handle the tax work, structuring and finance, put the advice in place, then review it as your circumstances change.
Verity Advisory is led by Tommy Li, a Chartered Accountant with experience solving tax and financial problems for dentists. Having one adviser means your loan is structured with the tax consequences in mind, and your investment plan accounts for both.
We are based in Bowen Hills and work with dentists across Brisbane and the rest of Australia.
Not necessarily. Where income comes mainly from your own work, the tax rules generally treat it as yours whichever entity receives it. A structure can still be worthwhile for other reasons, such as owning a share of a practice or protecting assets. The right answer depends on your circumstances.
It can. Under Queensland's relevant contract rules, a clinic's payments to contracted dentists may be treated as wages unless an exemption applies. The amnesty for contracted dentists ended on 30 June 2025. Whether a clinic is liable depends on how fees flow and how the arrangement operates in practice.
Yes. We help arrange home, investment, practice purchase and equipment finance, and test the repayments against practice cash flow before you commit.
At a minimum: how the price was set, what you are buying (shares, units or assets), what the practice earns after paying its owners a market wage, the lease, and the agreement between owners. Our practice buy-in advice page covers this in more detail.
Yes. We meet Brisbane clients at our Bowen Hills office and work with clients elsewhere in Australia by Teams video call and phone.
A first conversation is about understanding where you are and what is coming up. Bring the agreement, the offer or the question that is on your mind.