Service 02 · Taxation & Accounting

Tax minimised legally. Wealth built systematically.

Doctors on $250k+ lose more to tax than most professionals earn. Our tax team specialises in legitimate structures — service trusts, hybrid arrangements, Division 293 strategy — to minimise tax legally while building wealth.

The hidden tax leak

The wrong structure costs more than most people realise.

$33k/yr
Average gap between sole trader and properly structured hybrid for a specialist on $450k
$660k
Compounded over 20 years if reinvested — same income, different structure
0
Number of doctors we've seen who set up the optimal structure from day one without specialist advice

Illustrative only. Tax outcomes depend on individual circumstances, practice income type, family situation, and current ATO rulings. Restructuring later costs stamp duty, capital gains crystallisation, and lost time. The earlier the right structure is in place, the more it compounds.

Plan. Build. Protect.

Tax planning is the foundation. Not the afterthought.

01

Plan

Match the structure to your income type and life stage. Sole trader, company, service trust, or hybrid — chosen for your facts, not a generic template. Reviewed as income grows.

02

Build

Distribute income legitimately. Use Division 293 strategy to time concessional contributions. Maximise legitimate deductions. Recycle non-deductible debt into deductible debt over time.

03

Protect

Stay Part IVA-resistant. Maintain proper documentation. Operate the structure substantively, not just on paper. Audit-ready records every year. ATO interaction handled by us.

What we actually do

End-to-end tax and accounting, doctor-specific.

01

Annual tax return preparation

Personal, partnership, trust, company, and SMSF returns prepared and lodged. Registered tax agent.

02

Strategic tax planning

Proactive year-round planning, not just June 30 panic. Quarterly check-ins, end-of-year strategy meeting.

03

Business structure design

Sole trader, company, service trust, hybrid, SMSF — modelled, compared, and chosen for your facts.

04

Service trust arrangements

Compliant Phillips-trust structures. Drafted, documented, and operated to ATO safe-harbour standards.

05

Division 293 strategy

Manage the extra 15% on concessional contributions above $250k. Time contributions to minimise impact.

06

Personal Services Income compliance

PSI rules navigated correctly. Tests applied. Restructuring where needed.

07

BAS, IAS, and FBT

Quarterly business activity statements, instalment activity statements, and fringe benefits tax obligations handled.

08

ATO audit and dispute support

If the ATO asks questions, we answer them. Audit defence, position papers, objections, and Part IVA arguments.

Indicative structure comparison

Four structures. One income. Four tax outcomes.

SPECIALIST ON $450k — TAX BY STRUCTURE (ILLUSTRATIVE) Sole trader $140,400 tax Company only $125,800 tax Service trust $114,200 tax Hybrid (recommended) $107,238 tax Up to $33k difference annually FY2025–26 brackets · illustrative

Illustrative only. Net tax position varies with individual circumstances including marginal rates, family beneficiaries, practice expenses, and Division 293 applicability. Restructuring decisions require personal advice from a qualified adviser.

Compare structures for your income →

Find out which structure fits your facts.

Book a complimentary 15-minute consultation. We'll review your current tax position, identify where structure changes could reduce your effective rate, and explain what restructuring would involve in your specific case.

Why doctors choose MNM for tax

Specialist tax practitioners, doctor focus.

01

Medical practice specialists

We've handled hospital salary + RPP combinations, locum income, group practice partnerships, sub-specialist surgical incomes, and consulting room companies. We know the income patterns.

02

Proactive, not reactive

Tax planning is year-round, not lodgement day. Quarterly reviews, end-of-financial-year strategy meetings, and forward-looking decisions before the year closes.

03

Registered tax agent

Tax Practitioners Board registered. Bound by the Code of Professional Conduct. Errors are insured. ATO disputes handled by us, not outsourced.

As a specialist in a busy practice and a parent to two young kids, managing my finances was the last thing in my mind. Thanks to the dedicated professional team at MNM Group, the rigmarole of tax saving and creating wealth is no longer daunting.

Dr Sanila George · Radiologist
Doctor-focused tax practitioners
Common questions

Tax for doctors — answered.

When is a service trust worth setting up?
Generally, when practice income exceeds $250,000 and there's a spouse or related beneficiary on a lower marginal rate. Below that, the setup and ongoing cost may not justify the saving. We model the breakeven for you specifically.
What's the safe-harbour benchmark for service fees?
The ATO publishes guidance through PCG 2017/D11 and Taxation Ruling TR 2006/2. The benchmark depends on the type of service and current ATO policy. We check the current safe-harbour position at the time the structure is established.
How can I reduce Division 293 tax?
Several legitimate strategies — timing concessional contributions, splitting income across spouses, salary sacrifice arrangements, and timing of capital events. Division 293 isn't avoidable above $250k, but it is manageable.
Should I move from sole trader to company?
Depends on income level, practice structure, and whether you have a spouse or family trust. For some doctors the answer is yes, for others a hybrid arrangement is better, and for many the answer is to stay sole trader. We model the comparison for your facts.
Are negative gearing tax benefits still available for doctors?
Yes, as of current law. Interest on investment property loans, depreciation, and operating expenses remain deductible against personal income. The benefit is meaningful at higher marginal rates, but the property must still be a good investment on its own merits.

Stop paying more tax than you should.

Book a complimentary 15-minute consultation. We'll identify where your current structure is leaving money on the table — and what restructuring would involve.