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Chiropractors spend their time on patient care, not paperwork, but tax and financial management for a healthcare practice come with their own complexities. At Clear Tax, we specialise in accounting for chiropractors, so your finances are handled by people who understand your industry.
Whether you run a solo practice or a multi-practitioner clinic, we help you manage your tax obligations, maximise deductions and plan ahead, so you can focus on your patients.
We work with: Xero · MYOB · QuickBooks
At Clear Tax, we appreciate that the chiropractic field encompasses a diverse range of services and financial intricacies. That’s why we offer personalised tax and accounting solutions designed to cater to your unique business circumstances as a chiropractor.
Our skilled advisors work closely with you to gain a comprehensive understanding of your specific tax requirements, industry regulations, and financial objectives. Based on this understanding, we develop tailored strategies to ensure you maximise the available tax benefits.
Chiropractic treatment is generally GST-free when it’s provided by a registered chiropractor and is accepted in the profession as necessary for the patient’s treatment. However, other items your clinic sells, such as pillows, supplements or retail products, may attract GST. If your practice sells both, it’s important to code each item correctly in your practice software so your BAS is accurate.
Chiropractors can generally claim expenses directly related to running their practice, including AHPRA registration, professional indemnity insurance, association memberships, continuing professional development, clinic rent, practice management software and equipment such as adjusting tables. Larger equipment is usually depreciated over time. Keeping good records helps make sure every eligible deduction is claimed.
It depends on the size of your practice, your income and your future plans. Sole traders have the simplest setup, while companies and trusts can offer asset protection and more flexibility. However, the personal services income rules may limit the tax benefits of a company or trust if your income comes mainly from your own work, so it’s worth getting advice before you set up or restructure.
Possibly. Many clinics engage chiropractors as contractors, but state revenue offices have been reviewing medical and allied health practices, and in some cases payments to contractors have been treated as wages for payroll tax. Payroll tax is managed by each state, with different thresholds and rules, so it’s important to review your service agreements and arrangements regularly.
Chiropractic practices have their own financial challenges, from reconciling private billing, health fund claims and treatment packages, to managing high overheads and contractor arrangements. An accountant who understands the industry can spot tax savings and compliance risks a general accountant might miss, and give advice that’s relevant to how your practice actually runs.
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