We make it our business to understand and solve the unique operational challenges facing our osteo clients.
As an osteopath, your challenges might range from choosing the correct business structure that maximises asset protection and minimises tax, to navigating PSI (personal services income), GST and insurance rules.
Whatever your accounting requirements, we're here with the support and solutions to help your business prosper.
General compliance services, including tax, BAS and ASIC returns
With more than 40 years of industry experience, we specialise in helping osteopaths like you to create healthy, high-performing businesses.
Our team offers everything from business structure advice and tax planning to invoicing, payroll services and bookkeeping.
We're here for the long-haul, building the in-depth client relationships that enable us to make a considerable impact.
Our accounting solutions use the latest technology to create the most efficient business processes imaginable.
We assisted a client in Melbourne's northern suburbs with their newly established osteopathy clinic.
We first advised them on the right business structure to ensure they created the best foundations from the beginning.
We set them up with the correct corporate structure to enable them to grow sustainably, whilst minimising tax and also providing personal asset security.
Our in-house lending team also assisted with obtaining finance for equipment at the best rates.
Finally, we offered tax advice that allowed the owner to access instant asset write-offs on equipment, to help reduce tax.
We're a specialist accounting and business advisory firm with more than 40 years of experience working with osteopaths like yourself.
We're here to provide you with the products and services that can transform your accounting processes, leaving you free to focus on doing what you do best.
Whether you’re looking for strategic advice or day-to-day accounting support, Liston Newton Advisory is ready to deliver.
All services provided directly to a customer by an osteopath are classed as GST-free income.
The majority of expense items incurred by an osteopath will have GST attached, but each should be checked as part of a GST audit when quarterly BAS is completed.
Staff need to be classified correctly as either a contractor or an employee. Contractors need particular attention, as you need to consider when a contractor can be regarded as a common law employee.
If a contractor is regarded as such, you may be liable for Super, Workers Compensation, Payroll Tax and Leave entitlements.
Generally, if a contractor has their own business entity and works for multiple businesses (not just your practice), they will likely meet the classification as a contractor.
This depends on your growth plans and your personal situation. For an owner-run practice that you intend to keep this way, a family trust may be best form of trading entity.
If an osteo practice plans to scale (potentially with multiple owners), a company or unit trust structure could be the best option.
For more information, read our guide to company-type business structures.
We offer unparalleled advice and support for your osteo clinic. Talk to the experts today.