Specialist Tax & Accounting for Radiologists.

High-performance financial management for diagnostic imaging professionals. From optimizing teleradiology home-office deductions and PACS equipment depreciation to managing Division 293 tax and private practice structures, we ensure your wealth is as precise as your reporting.

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How we can help you

Teleradiology & Remote Reporting

The Challenge: With the rise of remote reporting, many radiologists are unaware of the specific "Home Office" and "Data Transmission" deductions they are entitled to. Miscalculating these can lead to missed savings of thousands per year.

The Santoro & Co Solution: We optimize your remote setup deductions, including dedicated bandwidth, secure cloud storage, and ergonomic workstation depreciation, ensuring your "home reporting suite" is a tax asset.

High-End Capital Equipment

The Challenge: Diagnostic imaging gear is some of the most expensive in medicine. Mismanaging the depreciation of PACS software or workstations can result in significant "tax leakage."

The Santoro & Co Solution: We implement "Temporary Full Expensing" and strategic asset scheduling, ensuring you get the maximum tax relief in the same year you invest in new technology.

Division 293 & Super Caps

The Challenge: High-income radiologists are often hit with a surprise 15% additional tax on super contributions (Div 293). Without a "Carry-Forward" strategy, you are paying more to the ATO than necessary.

The Santoro & Co Solution: We provide advanced superannuation forecasting, using "Catch-Up" contributions and SMSF structures to keep you below the threshold and protect your retirement nest egg.

Tax Deductions for Radiologists

Specialist Tax Deductions for Radiologists

  • RANZCR & Licensing: 100% deductible fees for the Royal Australian and New Zealand College of Radiologists (RANZCR) and annual AHPRA registration.

  • Technology & Software: Deductions for PACS (Picture Archiving and Communication System) access fees, high-resolution diagnostic monitors, and radiology-specific reporting software.

  • Protective Equipment: Claims for lead aprons, thyroid shields, and personal dosimeter subscriptions.

  • Professional Indemnity: 100% deductible premiums (essential for high-liability diagnostic work).

  • Work-Related Travel: Claims for travel between different imaging clinics, hospitals, and for attending international radiology congresses (e.g., RSNA).

  • Self-Education & CPD: Full deductions for sub-specialty fellowships, clinical workshops, and journal subscriptions (e.g., Radiology or AJR).

Testimonials

  • The team are always helpful and happy to answer any questions or issues we have. I wouldn't go anywhere else for our accounting needs as these guys do it all and do it well.

    Vince S.

  • My name is Tony I am a director of two companies . I engaged Santoro & Co 15 years ago to manage my financial affairs , superannuation and tax reporting. I have been in business for more than 40 years and have experience with other accounting firms. Santoro & Co have been exceptional in their accounting practices . They are client focused , competent , efficient and very nice to to work with. I am very confident and more than happy to recommend Santoro & Co as an accounting practice .

    Tony S.

  • I have been with Santoro & Co for 20 years since then I was very happy with the services, tax returns and the professional advice when I need it. Thank to Mario ,the management and Simon for the assistance and for everything and I strongly recommend them for tax management .

    Dr Mohsen G.

  • We moved to Santoro & Co some years ago to have them manage our personal tax and our SMSF. It turns out to have been a very wise decision. Santoro & Co have always managed our financial affairs in a timely and professional manner and we would have no hesitation in recommending them to others.

    David C.

  • Reliable, timely and professional service.

    Adriana G.

  • I have been a client of Santoro and Co for decades and have always found them to be consistently attentive to my questions and information that I require. In recent years when I have a private financial advisor, the transfer if information between them has been seamless. The accountant who looks after me, Simon Grieco, is a great example of the provider of the kind of service that I have come to rely on.

    Dr Carmella L.

  • I would like to express my appreciation to Santoro & co for their team in providing us with an excellent level of service in the past eleven years. The staff at Santoro are always helpful to us especially, Mario & Simon Grieco. I would like to compliment all their staff for their professionalism and assisting us in a timely manner . I would not hesitate to recommend Santoro & Co to anyone who wants their accounts done professionally.

    Arsenios L.

  • My wife and I have been dealing with Simon and Santoro & Co for over 7 Years. We have always been impressed by the level of expertise,professionalism and efficiency in their response time. We have in the past and will always refer family and friends to Simon and Santoro & Co for their accounting needs.

    Stefano & Carla M.

  • Fast, reliable and honest service from the team at Santoro & Co

    Victoria S.

  • Very much valued Simon’s assistance and insight for personal tax matters. No question was too simple or difficult for him and he balances professionalism with having your best interests at heart. Would recommend Simon and the team at Santoro & Co.

    Luca C.

  • Santoro & Co have been fantastic with helping us set up our business structure and helping us with our yearly taxes. Simon has explained our tax obligations as we have started our own small business and transitioning from sole trader to a company. Communication was great, Simon responded very quickly and was available and happy to answer any of our questions. Highly recommend!

    Daniel & Linda L.

  • Simon is fantastic, always available to help us and answer any questions when needed! Extremely helpful and nothing is a problem. Highly recommend.

    Karly & Brad S.

  • I have been dealing with Simon from Santoro & Co for the past 5 years. Simon is very thorough, pro-active and all in all, great to deal with.

    Vince I.

  • Santoro & Co have been looking after my business and private accounting affairs for a number of years now. The staff in general are most polite and caring. Mario and Simon in particular have always been responsive to my requests and available to assist with all my accounting needs whether it be matters concerning my accounts, staff, tax and even assisting me with my lending needs. They care about their clients and provide guidance and advice when required. I would have no hesitation in recommending them.

    Rosa P.

  • Simon Greico has been looking after our personal finances for many years now. He is efficient, reliable, and is always there to answer any questions we have with the utmost professionalism. We will continue to recommend Simon and Santoro & Co.

    Adriana & Frank P.

  • Simon and the Santoro & Co team have been invaluable in helping to set up and run our business’ accounting needs. We have absolute peace of mind knowing that our bookkeeping, payroll and taxation is taken care of by Simon and the team, which allows us to spend more time working on the business. We highly recommend the Santoro & Co team and their services.

    Domenic & Sara R

  • Simon has been looking after my personal and business taxes for the past 4 years. In this time, he has been extremely responsive, honest and thorough with every question I have asked and any document I’ve given him to review. I highly recommend Simon and his services.

    Sebastian P.

Frequently Asked Questions

Still have questions? Take a look at the FAQ or reach out anytime.

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  • Yes. If you use them for clinical reporting, they are a legitimate work tool. Items over $300 are depreciated over their effective life to provide ongoing tax relief.

  • If you provide services to an imaging clinic as a contractor, your service agreement must be carefully reviewed. We ensure your billing flow doesn't inadvertently trigger a payroll tax liability.

  • If your income plus super exceeds $250k, you pay an extra 15% tax on contributions. While you can't always "avoid" it, we can use strategies like Salary Packaging and Debt Recycling to manage your overall taxable income.

  • Absolutely. As "protective equipment," these are 100% deductible in the year you purchase them, provided you aren't reimbursed by your employer.

  • Yes, this is a common strategy for established radiologists. An SMSF can purchase the suite and lease it back to your practice at market rates, providing excellent tax and asset protection benefits.