Tax Deductions for Doctors
Some deductions that may be available to doctors include:
Costs of medicines and medical supplies;
Computer equipment and software as well as insurance to protect them;
Annual Practicing Certificate;
Professional Indemnity Insurance;
Professional subscriptions, accreditations, memberships, and literature;
Professional seminars, industry courses & conferences;
Travel between surgery, hospital and patients in different surgeries. Travel from home to place of work may also be deductible in some circumstances (for example where bulky equipment / tools are transported and it would be inappropriate to use public transport. Doctors should seek professional advice on this matter);
Union fees.
Doctors may also be entitled to general tax deductions that are not work specific, such as investment deductions or car expense deductions.
Tax Focus is a Registered Tax Agent and Certified Public Chartered Accountant. With over 20 years of combined tax experience our tax agents are ensuring that you get the biggest tax refund possible.
With offices located in Bondi Junction and Sydney CBD, we are conveniently positioned to provide tax accounting services to Sydney’s Eastern Suburbs, Sydney CBD and surrounding suburbs.
Contact us to see how we can help.