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Business Accounting
A home for all your medical business accounting needs.
Healthcare businesses operate under a unique set of financial pressures, from complex compliance obligations to managing revenue across multiple income streams. We specialise in accounting for medical and healthcare businesses across Melbourne so your practice runs as well financially as it does clinically.
Led by Sam Draper
Your practice deserves an accountant who understands the healthcare industry.
Precision
Healthcare compliance leaves no room for error. We prepare every return, lodgement, and report accurately and on time so your practice is always meeting its obligations.
Understanding
We work with doctors, dentists, physiotherapists, and other healthcare professionals and understand the specific financial challenges your industry presents, from GST-free health services to income splitting.
Long-Term Focus
We are building a financial strategy that supports the sustained growth of your practice over the long term, from your first clinic to potential expansion.
Simplicity
Running a healthcare business is demanding. We make the accounting side as simple and low-friction as possible so your finances never distract you from patient care.
Expertise
From Xero setup and payroll management to tax planning and financial modelling, we bring the full range of accounting expertise a growing medical business needs.
In short:Elephant Advisory is a Melbourne accounting firm for doctors, GPs, dentists, physios and other healthcare practices, led by Chartered Accountant Sam Draper. From our Mount Waverley office we look after tax, BAS with GST-free and taxable income, practice structure and cash flow, so you can focus on patients.
Led by Sam Draper, Director & Head of Accounting · Chartered Accountant (CA) · Xero specialist.
What’s included
Accounting services built for medical and healthcare businesses.
The accounting services healthcare businesses rely on to stay compliant, manage their practice, and focus on their patients.
Tax Compliance
We handle every tax obligation for your practice accurately and on time so you are never caught out by the ATO.
BAS and IAS Lodgements
We manage every BAS and IAS lodgement so they are always submitted correctly and on time, without you chasing a deadline.
Tax Planning
We build a proactive tax strategy tailored to your medical business, identifying every legitimate saving throughout the year.
Cash Flow Management
We forecast and manage your cash flow so your practice always has the funds it needs to operate and grow, regardless of payment timing.
Financial Reporting
We track your income, profit and loss, and practice performance through Xero so you always have accurate, current data to guide your decisions.
Business Advice
From pricing your services to planning a merger or expansion, we offer specialist advice that goes beyond compliance and helps your practice grow strategically.
Structures we plan for
Sole traders
Partnerships
Companies
Family trusts
SMSFs
Not sure yours still fits? Business structure review
Industries we know well
Why us
If these problems sound familiar, you're not alone.
The accounting challenges most medical businesses face and exactly how we solve them.
Going it alone
Compliance eating into patient time
GST treatment handled incorrectly
No clear picture of profitability
Overpaying tax
Current accountant doesn't get healthcare
With Elephant Advisory
Every obligation managed
GST-free services managed correctly
Real-time reporting through Xero
Year-round tax planning
Specialists with medical industry experience
“We help medical and healthcare businesses get their financial house in order so you can focus on patient care and outcomes.”
Your accountants
Qualified, Xero-certified and easy to reach
FAQ
Let's clear a few things up.
No jargon, no runaround - just honest answers.
A medical accountant handles the parts of tax and compliance that are specific to healthcare: GST-free and taxable income on the same BAS, service fee arrangements between practices and practitioners, practice structures and the timing of Medicare and insurer payments.
Yes. We work with GPs, specialists, dentists, physiotherapists and other allied health professionals across Melbourne, from sole practitioners to group practices with several sites.
Most medical services are GST-free, but not everything a practice earns is. Cosmetic work that isn’t medically necessary, and the service fees a practice charges its practitioners, generally include GST. We make sure each income stream is treated correctly on your BAS.
It depends on who owns the practice, how profit is shared between practitioners, your asset protection needs and your plans to grow or sell. We review your structure and show you the tax position of each option before you change anything.
Yes. We review your structure and build a year-round tax plan around your specific situation. Practice owners in particular often have significant tax planning opportunities through structuring that many accountants overlook.
Yes. We connect Xero with Tanda, Hubdoc, and other apps relevant to your practice so your financial data flows through automatically and reporting is always current.
Related services
General information only. Talk to your accountant about your circumstances.
Business Accounting
A home for all your medical business accounting needs.
Healthcare businesses operate under a unique set of financial pressures, from complex compliance obligations to managing revenue across multiple income streams. We specialise in accounting for medical and healthcare businesses across Melbourne so your practice runs as well financially as it does clinically.
Led by Sam Draper
Your practice deserves an accountant who understands the healthcare industry.
Precision
Healthcare compliance leaves no room for error. We prepare every return, lodgement, and report accurately and on time so your practice is always meeting its obligations.
Understanding
We work with doctors, dentists, physiotherapists, and other healthcare professionals and understand the specific financial challenges your industry presents, from GST-free health services to income splitting.
Long-Term Focus
We are building a financial strategy that supports the sustained growth of your practice over the long term, from your first clinic to potential expansion.
Simplicity
Running a healthcare business is demanding. We make the accounting side as simple and low-friction as possible so your finances never distract you from patient care.
Expertise
From Xero setup and payroll management to tax planning and financial modelling, we bring the full range of accounting expertise a growing medical business needs.
In short:Elephant Advisory is a Melbourne accounting firm for doctors, GPs, dentists, physios and other healthcare practices, led by Chartered Accountant Sam Draper. From our Mount Waverley office we look after tax, BAS with GST-free and taxable income, practice structure and cash flow, so you can focus on patients.
Led by Sam Draper, Director & Head of Accounting · Chartered Accountant (CA) · Xero specialist.
What’s included
Accounting services built for medical and healthcare businesses.
The accounting services healthcare businesses rely on to stay compliant, manage their practice, and focus on their patients.
Tax Compliance
We handle every tax obligation for your practice accurately and on time so you are never caught out by the ATO.
BAS and IAS Lodgements
We manage every BAS and IAS lodgement so they are always submitted correctly and on time, without you chasing a deadline.
Tax Planning
We build a proactive tax strategy tailored to your medical business, identifying every legitimate saving throughout the year.
Cash Flow Management
We forecast and manage your cash flow so your practice always has the funds it needs to operate and grow, regardless of payment timing.
Financial Reporting
We track your income, profit and loss, and practice performance through Xero so you always have accurate, current data to guide your decisions.
Business Advice
From pricing your services to planning a merger or expansion, we offer specialist advice that goes beyond compliance and helps your practice grow strategically.
Structures we plan for
Sole traders
Partnerships
Companies
Family trusts
SMSFs
Not sure yours still fits? Business structure review
Industries we know well
Why us
If these problems sound familiar, you're not alone.
The accounting challenges most medical businesses face and exactly how we solve them.
Going it alone
Compliance eating into patient time
GST treatment handled incorrectly
No clear picture of profitability
Overpaying tax
Current accountant doesn't get healthcare
With Elephant Advisory
Every obligation managed
GST-free services managed correctly
Real-time reporting through Xero
Year-round tax planning
Specialists with medical industry experience
“We help medical and healthcare businesses get their financial house in order so you can focus on patient care and outcomes.”
Your accountants
Qualified, Xero-certified and easy to reach
FAQ
Let's clear a few things up.
No jargon, no runaround - just honest answers.
A medical accountant handles the parts of tax and compliance that are specific to healthcare: GST-free and taxable income on the same BAS, service fee arrangements between practices and practitioners, practice structures and the timing of Medicare and insurer payments.
Yes. We work with GPs, specialists, dentists, physiotherapists and other allied health professionals across Melbourne, from sole practitioners to group practices with several sites.
Most medical services are GST-free, but not everything a practice earns is. Cosmetic work that isn’t medically necessary, and the service fees a practice charges its practitioners, generally include GST. We make sure each income stream is treated correctly on your BAS.
It depends on who owns the practice, how profit is shared between practitioners, your asset protection needs and your plans to grow or sell. We review your structure and show you the tax position of each option before you change anything.
Yes. We review your structure and build a year-round tax plan around your specific situation. Practice owners in particular often have significant tax planning opportunities through structuring that many accountants overlook.
Yes. We connect Xero with Tanda, Hubdoc, and other apps relevant to your practice so your financial data flows through automatically and reporting is always current.
Related services
General information only. Talk to your accountant about your circumstances.
Business Accounting
A home for all your medical business accounting needs.
Healthcare businesses operate under a unique set of financial pressures, from complex compliance obligations to managing revenue across multiple income streams. We specialise in accounting for medical and healthcare businesses across Melbourne so your practice runs as well financially as it does clinically.
Led by Sam Draper
Your practice deserves an accountant who understands the healthcare industry.
Precision
Healthcare compliance leaves no room for error. We prepare every return, lodgement, and report accurately and on time so your practice is always meeting its obligations.
Understanding
We work with doctors, dentists, physiotherapists, and other healthcare professionals and understand the specific financial challenges your industry presents, from GST-free health services to income splitting.
Long-Term Focus
We are building a financial strategy that supports the sustained growth of your practice over the long term, from your first clinic to potential expansion.
Simplicity
Running a healthcare business is demanding. We make the accounting side as simple and low-friction as possible so your finances never distract you from patient care.
Expertise
From Xero setup and payroll management to tax planning and financial modelling, we bring the full range of accounting expertise a growing medical business needs.
In short:Elephant Advisory is a Melbourne accounting firm for doctors, GPs, dentists, physios and other healthcare practices, led by Chartered Accountant Sam Draper. From our Mount Waverley office we look after tax, BAS with GST-free and taxable income, practice structure and cash flow, so you can focus on patients.
Led by Sam Draper, Director & Head of Accounting · Chartered Accountant (CA) · Xero specialist.
What’s included
Accounting services built for medical and healthcare businesses.
The accounting services healthcare businesses rely on to stay compliant, manage their practice, and focus on their patients.
Tax Compliance
We handle every tax obligation for your practice accurately and on time so you are never caught out by the ATO.
BAS and IAS Lodgements
We manage every BAS and IAS lodgement so they are always submitted correctly and on time, without you chasing a deadline.
Tax Planning
We build a proactive tax strategy tailored to your medical business, identifying every legitimate saving throughout the year.
Cash Flow Management
We forecast and manage your cash flow so your practice always has the funds it needs to operate and grow, regardless of payment timing.
Financial Reporting
We track your income, profit and loss, and practice performance through Xero so you always have accurate, current data to guide your decisions.
Business Advice
From pricing your services to planning a merger or expansion, we offer specialist advice that goes beyond compliance and helps your practice grow strategically.
Structures we plan for
Sole traders
Partnerships
Companies
Family trusts
SMSFs
Not sure yours still fits? Business structure review
Industries we know well
Why us
If these problems sound familiar, you're not alone.
The accounting challenges most medical businesses face and exactly how we solve them.
Going it alone
Compliance eating into patient time
GST treatment handled incorrectly
No clear picture of profitability
Overpaying tax
Current accountant doesn't get healthcare
With Elephant Advisory
Every obligation managed
GST-free services managed correctly
Real-time reporting through Xero
Year-round tax planning
Specialists with medical industry experience
“We help medical and healthcare businesses get their financial house in order so you can focus on patient care and outcomes.”
Your accountants
Qualified, Xero-certified and easy to reach
FAQ
Let's clear a few things up.
No jargon, no runaround - just honest answers.
A medical accountant handles the parts of tax and compliance that are specific to healthcare: GST-free and taxable income on the same BAS, service fee arrangements between practices and practitioners, practice structures and the timing of Medicare and insurer payments.
Yes. We work with GPs, specialists, dentists, physiotherapists and other allied health professionals across Melbourne, from sole practitioners to group practices with several sites.
Most medical services are GST-free, but not everything a practice earns is. Cosmetic work that isn’t medically necessary, and the service fees a practice charges its practitioners, generally include GST. We make sure each income stream is treated correctly on your BAS.
It depends on who owns the practice, how profit is shared between practitioners, your asset protection needs and your plans to grow or sell. We review your structure and show you the tax position of each option before you change anything.
Yes. We review your structure and build a year-round tax plan around your specific situation. Practice owners in particular often have significant tax planning opportunities through structuring that many accountants overlook.
Yes. We connect Xero with Tanda, Hubdoc, and other apps relevant to your practice so your financial data flows through automatically and reporting is always current.
Related services
General information only. Talk to your accountant about your circumstances.
Phone
OFFICE HOURS
Mon to Fri: 8.30am - 6.00pm
By appointment only.
Elephant Financial Pty Ltd (ABN 38 611 576 240) trading as Elephant Advisory is an authorised credit representative (ACR 487962) of Yellow Brick Road Aggregation Pty Ltd (formerly Vow Financial Pty Ltd) (ABN 66 138 789 161), Australian Credit Licence 390261. Accounting and tax services are provided by Elephant Tax Pty Ltd (ABN 39 626 563 755), bookkeeping by Elephant Bookkeeping Pty Ltd (ABN 49 682 979 139), digital marketing by Elephant Digital Pty Ltd (ABN 72 692 273 091) and offshore staffing by Elephant Teams Pty Ltd (ABN 24 656 874 789).
Phone
OFFICE HOURS
Mon to Fri: 8.30am - 6.00pm
By appointment only.
Elephant Financial Pty Ltd (ABN 38 611 576 240) trading as Elephant Advisory is an authorised credit representative (ACR 487962) of Yellow Brick Road Aggregation Pty Ltd (formerly Vow Financial Pty Ltd) (ABN 66 138 789 161), Australian Credit Licence 390261. Accounting and tax services are provided by Elephant Tax Pty Ltd (ABN 39 626 563 755), bookkeeping by Elephant Bookkeeping Pty Ltd (ABN 49 682 979 139), digital marketing by Elephant Digital Pty Ltd (ABN 72 692 273 091) and offshore staffing by Elephant Teams Pty Ltd (ABN 24 656 874 789).
Phone
OFFICE HOURS
Mon to Fri: 8.30am - 6.00pm
By appointment only.
Elephant Financial Pty Ltd (ABN 38 611 576 240) trading as Elephant Advisory is an authorised credit representative (ACR 487962) of Yellow Brick Road Aggregation Pty Ltd (formerly Vow Financial Pty Ltd) (ABN 66 138 789 161), Australian Credit Licence 390261. Accounting and tax services are provided by Elephant Tax Pty Ltd (ABN 39 626 563 755), bookkeeping by Elephant Bookkeeping Pty Ltd (ABN 49 682 979 139), digital marketing by Elephant Digital Pty Ltd (ABN 72 692 273 091) and offshore staffing by Elephant Teams Pty Ltd (ABN 24 656 874 789).