Expert medical accounting for healthcare professionals

Take control of your medical finances

Liston Newton Advisory
Liston Newton Advisory is rated 4.8 from 32 reviews

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An award-winning Australian accounting firm

SMSF multi service firm of the year awardSMSF customer service firm of the year awardIfa innovator of the year awardIfa holistic adviser of the year award
A doctor uses a calculator and laptop next to a stethoscope, focusing on healthcare costs and medical fees.

Key accounting issues facing medical professionals

Running a medical practice involves more than clinical excellence. Medical professionals operate in a highly regulated and time-poor environment. Managing tax, bookkeeping, and compliance often competes with patient care. Financial complexity, compliance demands, and limited visibility over performance can create stress and uncertainty without the right accounting and advisory support in place.

  • Separating personal and practice income across trusts, companies, and service entities
  • Managing contractor payments, superannuation, and payroll compliance correctly
  • Navigating GST, Medicare income, and private billing complexities

Tailored accounting and tax solutions for health practices

We understand the risks and complex tax obligations that busy medical professionals face. Our accounting services include:  

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Preparation of financial statements

We prepare accurate financial statements that meet reporting requirements and support informed decision-making.

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Manage tax position to maximise savings

We manage your tax position carefully to maximise savings while ensuring compliance with all obligations.

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Identify growth opportunities

We analyse your financial data to identify growth opportunities and areas for improved performance.

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Streamline financial reporting

We streamline financial reporting to reduce admin time and give you clearer insights into performance.

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Compliance and strategic tax planning

We ensure compliance while delivering strategic tax planning that supports long-term business goals.

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Professional standards behind our medical accounting advice

Our accountants hold recognised qualifications and maintain ongoing training to meet complex tax and compliance standards.

Helping a wide range of medical businesses

We provide accounting and bookkeeping services across multiple industries, helping them achieve compliance, clarity, and confident decision-making.

Our clients

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About Liston Newton Advisory

Our firm specialises in providing accounting services to medical professionals operating in a complex, regulated field. We support doctors, dentists, and healthcare practitioners with medical accounting services designed to meet their unique needs and challenges. Our focus is on clarity, compliance, and supporting long-term financial well-being with confidence. 

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Professional headshot of Kieran Liston, Director and Consultant at Liston Newton

Supporting medical professionals across Australia

We support the health industry across Australia, including Melbourne and the Gold Coast, with specialist accounting services.

A structured accounting process for healthcare clients

Our process starts with understanding your practice, then delivering tailored accounting and advisory support as you grow.

Get set

We’ll begin by securing your existing business’s financials and optimising its operations.

Get moving

Then, we’ll put long-term strategies into play to maximise your business’s growth.

Get free

Finally, we’ll use your professional success to fund your personal wealth so that you can live the life you want.

Get peace of mind with our medical accounting services

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Expert guides to navigate the complexities of medical accounting

Our expert accountants create practical guides for health professionals working in the medical industry. Drawing on CPA expertise and experience supporting hundreds of doctors, our resources help industry clients understand the complexities of tax law, respond to evolving needs, and protect long-term financial well-being across medical services.


Our guides cover: 

  • Tax and compliance obligations across various industries
  • Structuring advice tailored to unique financial needs
  • Financial insights to support confident decision-making

Why healthcare professionals trust us for accounting and bookkeeping

Kieran Liston and the Liston Newton team have been assisting me with my accounting matters since 1976. For the past 47 years, Kieran and the Liston Newton team have provided reliable accounting assistance, which has allowed me to focus on my business in primary production.

Their exceptional service has consistently exceeded my expectations and made me feel that they truly care about my financial well-being.

Brian Downes

Liston Newton has given me really helpful guidance over the years for both my business and my personal finances. When you have an accounting team that you trust to give the right advice, it gives you the confidence to focus on growing your business and doing the things you love.

Kate Nixon
Founder, Kat The Label

Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.

Peter Luskan
Pandora

Our specialist accounting and financial team

Common questions from medical professionals

Do PSI rules affect doctors?

Yes, often. The ATO says personal services income (PSI) is income mainly from your skills or efforts. This can apply to many medical practitioners. PSI can limit deductions and affect how income is reported. A specialist medical accountant can review your structure and tax position. Our team often addresses this as part of broader accounting and tax advice and business structure reviews.

Are medical services always GST-free?

Not always. Many medical services are GST-free, but GST can apply in other situations. Mixed billings and non-clinical services often create risk. We help medical practices manage GST correctly through integrated accounting and bookkeeping and BAS support.

How long should medical practices keep records?

The ATO requires businesses to keep records that support tax, super, and registration obligations to cover the 5-year retention period. Strong record-keeping reduces audit risk and improves decision-making. We help practices set up clear systems through digital advisory services that support compliance and reporting as practices grow.

Do medical practices need to pay super to contractors?

Sometimes, yes. The ATO states that if a contractor is paid mainly for their labour, they may still be entitled to super. This is a common risk in medical practices. We regularly review contractor arrangements as part of our business advisory services to reduce exposure and improve compliance.

We help you grow your business

We are an accounting firm devoted to taking your businessto the next level

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