Strategic tax planning
Tax obligations go hand in hand with running a small business. While there’s the tax you should pay, many doctors who run their own practice pay more than they need to. This isn’t surprising, as finding the right strategy to minimise your tax bill can be complex and time-consuming.
The advisers at Perpetual can work with your current accountant, or you can benefit from the tax and accounting experts at our specialist accounting firm, Fordham. Our accounting firm Fordham, specialising in work with business owners and managers, achieved an exceptional NPS score of 75 in 2020.* Together, they can help you to understand your practice and develop a flexible, legal tax strategy that reduces your paperwork, compliance burden, tax bill and headaches!
Asset protection
The rewards of running your own private practice are enormous. As with any small business, however, there are risks and pitfalls along the way. As a registered doctor you have medical indemnity insurance in place, however this may not be enough to protect your business and personal assets, such as an investment property, if there are legal judgements against you.
Our team will help you develop asset-protection strategies including separate legal structures and other arrangements specifically to separate your business assets from your personal ones.
Investments
Should I invest more in my practice? What about shares or super? How about my property?
There’s no right or wrong answer to these questions. Just what’s right for you. You may want more income, maybe you’d like to grow the value of your practice, or simply protect your nest egg.
With a deep understanding of where you are now, what you want for yourself and your family, your attitudes to investing, risk and much more, we’ll carefully design an investment strategy that is aligned to your goals.
You may have different financial goals, or maybe your goals require a mix of investments. That’s why it’s important to have a broad array of investment choices. Our award-winning* investment team offer you multiple options to choose from or combine. These include direct shares, managed funds (including ethical options), fixed income, real estate, alternative assets and exclusive investments not normally available to individuals.
Learn more about our investment services
Superannuation
Super is the most tax-effective way to build your wealth for the future. We will help you find the right platform for your super, including setting up a self-managed super fund that lets you stay in control of your investments. We also work with you on an optimum contribution strategy to maximise your super balance.
Managing your practice
The team at Fordham act exclusively for private business owners, business managers and their families. We help you grow your practice and succeed through careful planning and strategy. As a specialist part of Perpetual, we can bring you unrivalled expertise when it comes to turning your business success into assets that safeguard the future of those you care about.
We can also advise on ways to improve profitability, simplify your administration and manage people. If you’re looking to expand or even exit your practice, we can advise on the best strategy for this too.
* The Perpetual Income Opportunities Fund and Perpetual Growth Opportunities Fund celebrated 10 years in market in 2019.
Perpetual was recognised as Best Alternative Investment Manager of the Year and the Perpetual Income Opportunities Fund has won Best Multi Strategy Fund two years running at the Hedge Funds Rock Australian Alternative Investments Awards held in Sydney (2018-2019).
