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Expert tips and articles to help you grow your business

Whether you are starting a medical practice, or are already running your own practice and looking for ways to grow, our collection of expert tips and articles can help you on your journey.

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Medical practice purchase guide

Our medical Practice Purchase Guide is a tool designed to help doctors navigate the process of owning a practice, and understand the financial options available.

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Practice purchase guide for vets

Our veterinary Practice Purchase Guide is a tool designed to help you navigate the process of owning a practice that’s right for your future plans and understanding the financial options available.

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Guide: How to grow your dental practice

When your existing dental practice is in a ‘growth’ phase there are several different paths you can follow for expansion. Our guide will help you quickly work out the pros and cons of each path.

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How to own a dental practice

Our dental practice ownership guide is a tool designed to help you navigate the process of owning a practice that’s right for your future plans, and understand the financial options available.

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Time to upgrade

Thanks to beneficial government tax incentives, there’s never been a better time for veterinarians to upgrade their equipment.

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Investing in the future

The speed at which medical technology advances means it’s more important than ever to remain ahead of the pack.

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Turning expenses into profits

Managing key aspects in your veterinary clinic can help you build a sustainable, profitable practice.

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Looking to build a better general practice?

Assess your practice business risks today with a 60-second survey from Bstar.

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Keeping the cash flowing

To ensure strong cash reserves for the year ahead, medical professionals need to be on top of their planning now.

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Five tips for succession planning

Despite advising clients on their succession plans, accountants often put the needs of their own practices on the back-burner. Whichever side of the plan you sit on, we have five top tips to help you successfully plan and implement your succession. 

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Take advantage of the instant asset write-off scheme

The instant asset write-off threshold for small to medium businesses has been increased to $150 000. Let us take you through these current tax deductions and how to make the most of them before the end of the financial year.

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Where to park cash from your business

It can be difficult to know how to consolidate all your finances to ensure any extra cash coming in is used to its best potential. Here are some of the options available to business owners.

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Five tips for managing excess cash

If you've worked hard to grow your practice, there may come a time when you have excess cash, but what should you do with it?

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Why now is a great time to buy or upgrade dental equipment

Supplier promotions and government initiatives can make investing in new equipment an attractive option.

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Six tips for the new financial year

Businesses also require regular health checks and the new financial year is the perfect time to stop and assess. Here are some tips to help you plan for growth over the next financial year.

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Prepare to return to a new normal

Taking advantage of new tax concessions from the Federal Government’s stimulus package could help you manage the economic and health impact of COVID-19 for your practice and your patients.

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Right time to buy

Current government incentives could make it the perfect time to purchase new equipment for your practice.

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Is it time you took a break from your practice?

We highlight some reasons why a holiday could boost the health of your practice.

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Why buy your practice through an SMSF

Purchasing your rooms through a self managed super fund (SMSF) is a common financial strategy employed by medical specialists. 

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Is it time for your own private practice?

The dream of owning a private practice is shared by many healthcare professionals. How do you know when you’re ready to do it?

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SMSF lending makes sense for medical professionals

As a doctor, dentist or vet, purchasing your own rooms through your self-managed super fund can be an attractive option.

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Checklist for setting up a medical practice

Setting up a medical practice can be daunting. This checklist shows what you need to decide and act on to get started.

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How to be practical about your practice fit-out

While setting up your professional practice is an exciting opportunity, it’s important to get it right from the outset. Tackling the project in a holistic manner can help you get one step ahead.  

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Staying put

A mobile veterinary business is a great introduction to the profession but choosing to upgrade to a bricks-and-mortar clinic requires careful financial structuring.

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From growth to consolidation

You’ve grown your practice into a flourishing business. What’s next? Having sound financial structures in place ensures you maintain those gains.

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How to tackle Goodwill “disruption” head on

How to tackle Goodwill “disruption” head on

It's becoming harder for mid-tier accounting firms to compete with larger, global organisations from a variety of perspectives, most noticeably on price.

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Making the most of the Government's tax concessions

New tax concessions from the Federal Government’s recent stimulus package can help you manage and, in time, recover from the economic impact of COVID-19.

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Long-term practice planning

There are a number of financial strategies that specialist doctors can employ to protect and grow their practice.

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Supercharged

Tapping into your superannuation fund could be a smart way to grow your practice right now—but there are a few factors to take into consideration first. 

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Going commercial

Deciding to buy commercial property—either for your own practice or as an investment—can make good business sense in both the short and long term. 

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Commercial considerations

Whether you want to own your practice premises, or start building an investment portfolio, buying a commercial property can deliver financial benefits. However, there are a few things you should know to get it right. 

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Look before you leap

Securing your dream practice requires thorough consideration, plenty of research and advice from a trusted source. 

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My place

Owning your practice premises offers many benefits that simply aren’t available when leasing. 

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The Future Series: what will the Sydney of the future look like

This series of articles, brought to you in collaboration with Health Project Services, will look at what's to come for our city and its outer regions, all with a view to help you future proof your business.

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How aspiring practice owners can use goodwill

Intangible assets such as goodwill can be just what you need to buy into a successful private practice.

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Goodwill explained

By growing, investing in, and managing your practice, you’re inherently building goodwill, but what is goodwill and what else could you be doing to increase the value of your practice?

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Goodwill and growth

When it’s time to expand, leveraging your existing goodwill can be used to finance another practice. 

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Goodwill and practice ownership

When you buy a practice, it’s not enough to just run your eye over the numbers—you have to unravel the mystery of goodwill too. 

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Breathing space

Thanks to COVID lockdowns, medical and dental equipment shortages and long delivery times are still causing headaches. Fortunately, BOQ Specialist can help relieve some of the financial pressure involved.

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Room to move

While it’s true that COVID has wreaked havoc on the medical and dental fit-out market, leading to delays and higher costs, it’s also true that it’s easier managing these difficulties thanks to help from BOQ Specialist.

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Hot property

Just because more commercial properties have become available in and near big cities since COVID forced many CBD businesses to close, that doesn’t necessarily mean such sites are where you should locate your healthcare practice. 

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Setting up your professional practice right from the outset

There are many advantages to choosing an escrow facility over other finance options when it comes to buying what you need to open your new practice.

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  • Important Information

      Any information is of a general nature only. We have not taken into account your objectives, financial situation, or needs when preparing it. Before acting on this information you should consider if it is appropriate for your situation. BOQ Specialist is not offering financial, tax or legal advice. You should obtain independent financial, tax and legal advice as appropriate.