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For general practitioners
Reviewed by Panbo Ye, CFP®, FCPA Last reviewed
We help GPs understand how they’re paid, from MBS items and incentives to service fees, and plan their tax and wealth, with accounting, tax and financial planning under one roof.
Your first meeting is at no cost, with no obligation · English or Mandarin
At a glance
| Your first meeting | Free, no obligation. Bring your service agreement and a recent billing report. We confirm scope and fees in writing before any work starts. |
|---|---|
| What’s included | Tax returns and tax planning, PAYG instalments, a review of your service agreement and billing reports, and super and insurance advice from our financial planners. |
| Who you’ll work with | A client manager as your single contact, a senior tax manager reviewing your work, and me, Panbo Ye (CFP®, FCPA), leading advice. |
| Fees | Personal tax return with a financial wellbeing check $330; sole-trader schedule from $550; tax planning from $1,500 (+GST). See all fees |
What we look at
We’re accountants, not coders. Clinical and billing decisions stay with you. We read your billing data and agreement so they’re compliant first and complete second.
Since 1 July 2025, item 965 prepares a GP chronic condition management plan and 967 reviews it, up to every three months where clinically relevant. For patients registered in MyMedicare, bill through their registered practice. Plans made before 1 July 2025 stay valid until 30 June 2027, so recall those patients gradually.
Video items 92029/92030; practice nurse 10997, up to five a year.
The Bulk Billing Practice Incentive Program pays 12.5% of eligible bulk-billed MBS benefits each quarter, split 50/50 between GP and practice. Your half is paid to the account you nominate in HPOS, for each site. If your banking details are still missing after four payment quarters, that payment is forfeited. Check that your agreement doesn’t count your share as practice income.
| How much | 12.5% of the MBS benefits paid for eligible bulk-billed services, assessed quarterly and split 50/50 between the GP and the practice. |
|---|---|
| Who qualifies | The practice registers through the Organisation Register, is registered in MyMedicare and bulk bills every eligible MBS service for all Medicare-eligible patients. Every eligible GP at that location must be linked to it. |
| How you are paid | Your half is paid directly to you, into the bank account you nominate in your own HPOS account, with a separate nomination for each site you work at. |
| The trap | If your banking details are still missing after four payment quarters, that period’s payment is forfeited. |
| Trade-off | Joining means bulk billing every eligible service. For a GP with a strong private billing base, the maths can go either way, so model it before your practice decides. |
The Professional Services Review looks at patterns: 80 or more attendances on 20 or more days in 12 months (the 80/20 rule), or 30 or more phone services on 20 or more days. We turn your monthly billing report into a one-page dashboard so you see the trend first.
A 65/35 or 70/30 split is a service fee. In NSW, the Bulk Billing Support Initiative offers a payroll tax rebate to clinics bulk billing at least 80% of GP services (70% outside metropolitan Sydney). Queensland and Victoria have their own rules.
Best Practice, MedicalDirector, Zedmed, Cubiko, HPOS/PRODA, Tyro, HotDoc, HealthEngine, Heidi, Lyrebird.
Tax and wealth
Most contractor GPs earn personal services income. We only recommend a company or trust when the rules and the numbers support it.
PAYG instalments set to your real income, and a separate tax account.
Indemnity, AHPRA, RACGP or ACRRM fees, CPD and equipment, with records that stand up.
Concessional contributions, carry-forward caps, Division 293 above $250,000, and income protection that fits how GPs earn →
How it works
Book online
Bring your service agreement and a billing report, and I’ll tell you plainly what we see. In English or Mandarin, in Chatswood or online. Prefer to talk first? Call 1300 913 929 or 0405 913 913.
Calendar not showing? Open the booking calendar in a new tab → or call 1300 913 929.
Reviewed for accuracy
Panbo Ye, CFP®, FCPA, SMSF Specialist Adviser™ and registered tax agent; founder of Everglow.
Last reviewed:
Rules, rates and thresholds change. Check the source, or talk to us, before acting. This page is general information, not personal advice.
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General information only. This page is general in nature and does not take into account your objectives, financial situation or needs. Rules, rates and Medicare items change; figures are current at the date of publication and should be checked against the ATO, Services Australia, MBS Online and your state revenue office before you act. Everglow is not a law firm: we review the financial, tax and commercial side of agreements and work alongside your lawyer for legal advice. Clinical and coding decisions always remain with the treating practitioner. Tax services are provided by Everglow Accounting Pty Ltd and Kam & Beadman Pty Ltd (liability limited by a scheme approved under Professional Standards Legislation). Financial advice is provided by Everglow Wealth Pty Ltd, Corporate Authorised Representative No. 1254987 of PGW Financial Services Pty Ltd (AFSL 384713).