CGH Accounting offers comprehensive accounting services tailored specifically for the dental and allied oral healthcare professionals.
Since opening our doors over 12 years ago, dental and oral healthcare clients have been at the heart of our business and as a result, our CPA for dentists are able to provide expert accounting, taxation and business advice to dental practitioners.
This means we can help you put the right structure in place now to ensure a lifetime of wealth creation and preservation.
If you are already well into a career, our dental accounting professionals can review your current structures to ensure you are maximising the opportunities available to you. No matter where you are on your career path, we’ll help you reach your financial goals.
Our services include:
- Profit and Loss and Balance Sheet Reporting: We will provide accurate and detailed reports on your business’s financial performance, allowing you to make informed decisions.
- Preparation and Lodgement of Income Tax Returns: Our team will handle all aspects of your income tax returns, ensuring compliance with tax regulations and maximising your deductions.
- Preparation and Lodgement of Business Activity Statements (BAS), Instalment Activity Statements (IAS), PAYG Withholding Reports, and Superannuation Reporting Obligations: We will take care of all your reporting obligations, saving you time and ensuring accuracy.
- Tax Planning: We will work closely with you to develop effective tax strategies that minimise your tax liability and maximise your financial benefits.
- General Business and Taxation Advice: Our experienced professionals will provide you with expert advice on various business and taxation matters, helping you navigate the complexities of the industry.
Some days, running a dental practice feels akin to ‘pulling teeth.’ Over the past decade, Chris Hunter and his team of accountants have guided numerous dentists and allied oral healthcare providers through various business life cycle stages—from startup to the eventual sale of their dental practices.
Chris’s firsthand experience with cavities and extractions highlights the common ground between accounting and dentistry. Both professions serve the public and often cater to multiple generations of families. Trust plays a pivotal role in our success, and referrals remain a crucial growth factor.
Comprehensive Service And Advice
Our firm prides itself on offering a comprehensive “spread” of online accounting, accounting, tax, and business growth services tailored to dental professionals. As a result, we’ve cultivated a substantial clientele of dentists and oral healthcare specialists. This wealth of experience has transformed the oral health sector into a specialized focus within our accounting practice.
Building a strong, stable business journey resembles constructing a house—solid foundations are essential. In the business context, these foundations encompass the right tax structure, suitable accounting software, adequate insurance coverage, and a strategic marketing plan and a website to display your business and services offered.
Business Structures
Your choice of business structure is crucial, with options ranging from sole trader and partnership to company and trust. As you decide on the most fitting structure, always keep the long-term perspective in mind. Australian tax laws are intricate, and altering your business structure down the line could trigger a costly capital gains tax event.
By choosing CGH Accounting, you can focus on running your dental practice while our dental tax accountant manages all your accounting and taxation needs for operating a surviving and thriving business.
When providing advice on business structures, we carefully consider several factors:
- Income Tax Minimization
- Maximizing Asset Protection
- Admission of New Business Partners or Investors
- Compliance with Industry Legal Requirements
- Risk Profile of the Industry
- Future Entitlement to Discount Capital Gains Tax Concessions
As a result, the business structure often becomes a compromise based on the relative importance of these issues.
Accounting Software
Another crucial aspect of your business foundation is your choice of accounting software. Poor record-keeping remains a significant cause of business failure.
Having up-to-date and accurate financial records enables informed decision-making. Unfortunately, some business owners end up with what we refer to as “computerized shoebox” records—inefficient and frustrating—which contradicts our mission of streamlining bookkeeping and GST compliance to save you time and costs.
Our Clients
Our clients range from Ballarat, Daylesford, Creswick, Ballan, Buninyong, Melton, Bacchus Marsh, Werribee, Anglesea, Hoppers Crossing to Point Cook, Torquay, Geelong, Victoria, South Australia, Western Australia and Queensland utilising the ease of our tax agent online services. If you are looking for a knowledgeable CPA for dentists who can help you, give us a call. We are only too happy to chat.
Our Values
Our mission is to conduct all business with clients – both individuals and businesses – with courtesy, respect, acumen, skill, and discretion.
We value honest communication, thoroughness, and an old-fashioned, strong work ethic.
From simple tax advice to complex company consultations, CGH Accounting Services handles all matters with the same, consistent application of proficiency and experience – and an undertaking to achieve the best possible results for our clients. That’s our promise.