GP Clinic
Client owned a GP practice through a sole trader structure with other associated doctors working for him. The client also owns multiple properties under his individual name including his dental business premises. Great exposure to asset protection.
We reviewed the practice structure and setup a trust structure for his practice for greater asset protection and tax planning flexibility. Also working together, we updated the accounting systems to enable real-time job and cash flow reporting, allowing the business owner to understand the business’ financial position at any time.
The client understands better with the structure and importance of asset protection for his family. Further tax planning strategies were able to be achieved by having a family trust in place.
Bookkeeping, business processes review, structure review, financial reporting, business advice.
