RSM Australia

Biography

Peter is a Director of the Business Advisory division in Albury. Peter is a reputable and dedicated business advisor, who provides his clients with considered and strategic guidance to help them achieve their financial and business aspirations in the Riverina-Murray regions.

Peter specialises in guiding the financial success of local health practitioners and professionals from his years of experience and distinct, expert knowledge.

Peter leads our national health specialist team, drawing together the collective experience of over 90 years in practice around Australia and creating financial independence for medical specialists. Headed by Peter, the specialist team delivers services in Practice Management, business advisory, tax planning, superannuation and planning for retirement.

Peter also has significant experience in advising and administering self-managed superannuation funds (SMSFs) for general practitioners, specialists, dentists and pharmacists. He is regularly consulted on using tax-effective superannuation strategies as part of the overall planning process to borrow to purchase own rooms/premises, repay debt faster with super funds and, create and protect wealth.

Peter Nicol is a Partner of RSM Australia Partners and a Director of RSM Australia Pty Ltd.

Solutions Peter provides

  • Practice establishment
  • Practice health check
  • Practice CFO services
  • Practice management reports
  • Wealth growth and management

Significant projects

Peter has provided advice on the development and acquisition of new premises for a network of medical professionals. He has also provided retirement planning advice in relation to superannuation to senior medical specialists.

Professional associations

  • Member, Chartered Accountants Australia and New Zealand
  • SMSF Professionals Association of Australia

Qualifications

  • Bachelor of Business - Accounting (Edith Cowan University)
  • Masters of Taxation (University of New South Wales)
  • SPAA Certified Specialist Adviser
  • Fellow, Tax Institute of Australia
News articles

Federal Budget brings relief for some doctors

16 May 2017
The government was keen to assure Australians that there will be better certainty when it comes to health funding, with the Budget seeing a $10 billion allocation re-invested over four years into the health care system. Unfreezing Medicare Rebates The re-investment will see extra funds injected into research and ho...

15 percent backpacker tax, a win for primary producers

5 December 2016
After waiting 18 months for legislators to reach a sensible conclusion to the highly contentious backpacker tax, a vote for 15 percent in the final hours of the parliamentary year is a major victory for long-suffering Australian farmers. The Green’s decision to support the coalition-Government’s proposed 15 percent backpacker tax rate, effec...

RSM - Employer of Choice in Albury

26 July 2016
RSM Australia were the proud recipients of the Employer of Choice award over the weekend at the Albury-Wodonga Business Chamber Awards.     The black tie event was a chance for the local business community to celebrate and be recognised for their achievements. “We were initially just pleased to be listed as a final...
Publications

Positioning your medical practice to thrive in changing times

14 May 2019
Change in the health sector is almost as certain as death and taxes. There are new diagnostic tools, disruptive new technologies, new government policies, new regulations, new expectations and ever-increasing demand. Healthcare professionals are changing too. Altruism remains strong but doctors, allied health professionals, and vets are lea...

The future of general practice: cash flow, growth and innovation

19 October 2018
The future of general practice is truly at a crossroads, with many challenges but also a range of opportunities. General practice income is vulnerable because it largely relies on fluctuating government policy. How can a general practice navigate uncertain times while continuing to deliver high-quality patient care? It's knowing what to ...

Medical and Healthcare Providers Targeted over Payroll Obligations

21 August 2018
Medical and healthcare providers are currently in the spotlight of the State Revenue Offices (SRO) around Australia regarding their payroll tax obligations. The revenue authorities are focusing on medical, dental and optometry clinics, and the way these clinics have structured their arrangements regarding the medical professionals at the clinic....

Four ways to grow your business

1 July 2016
As a business owner, most would agree that the dream for your business is to one day see your hard work turn your small business into a leader in your industry. Expanding your business means taking on more staff, in the hope you can spend more time with your family. In most cases, your business is your retirement fund and to be comfortable at retir...

8 New Financial Year Resolutions to Strengthen Your Business

9 June 2016
Plan for a Strong Financial Year Ahead At the end of a financial year, have you ever noticed the accountants with an extra spring in their step, a big grin on their face thinking about how they’ve got balance sheets and transactions to code for their clients? You may not greet this time of year as joyfully as an ...
Events

Cloud Accounting Roadshow

Monday, 21st March and Tuesday, 22nd March 2016
Cloud accounting – free information sessions Cloud accounting is a new innovation in modern technology that can finally keep up with the fast pace of your business. The key innovation is that this technology allows you to input and access your accounting information from anywhere, on any device, rather than just from your home or business...