Accounting for Professional Industries

Expert tax, accounting and business support for professional industry businesses across Australia – from the leading Australian Small Business Accounting Firm & Women’s Regional Professional in 2023 & Australian Regional/Suburban Accounting Firm in 2024

At Palfreyman Chartered Accountants, we understand the unique challenges and demands faced by professional service providers. Whether you run a legal practice, consulting firm, private clinic or an engineering business, you need more than just lodgments – you need an accounting partner who understands your industry, your obligations and your growth potential.

As the 2024 Australian Accounting Awards “Regional/Suburban Firm of the Year”, the 2023 Australian Small Business Champions “Accounting Firm of the Year” and the 2023 Women in Finance Awards “Regional Professional of the Year”, you can be reassured we understand the importance of delivering exceptional service, staying ahead of regulatory obligations, and maintaining clear, consistent communication with ongoing review. 

Who We Work With:

As a Chartered Accounting firm based in the Hunter Valley, we specialise in providing tailored accounting, tax and business advisory services to Australia’s professional service providers. Our clients include:

  • Legal Services (law firms, barristers & conveyancers)
  • Engineering & Technical Professionals (including engineers, surveyors, building consultants & environmental consultants)
  • Architecture & Design (including architects, interior designers & landscape planners)
  • Veterinary Services (including small and large animal clinics, mobile services, surgeons and physiotherapists/allied professionals)
  • IT & Digital Professionals (including software developers, IT consultants, web developers/designers, cybersecurity experts and system analysts and integrators)
  • Education & Training Providers (including Registered Training Organisations (RTOs), trainers, educators & tutors)
  • Marketing & Creative Services (including brand strategists, copywriters, content creators, graphic designers and creative agencies, and social media consultants)
  • Coaches (including leadership and executive coaches, and health and wellness coaches)
  • Financial & Insurance Professions (including financial planning, mortgage and insurance brokers, and finance consultants)
  • Medical, Dental & Allied Health Professionals

How We Help Professional Services Thrive:

Strategic Tax Planning & Compliance
We go beyond basic compliance by developing tax strategies that align with your business structure and goals - ensuring you meet your obligations while maximising your income.
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Practice Structure & Asset Protection
We advise on optimal structures for your practice - whether it's a sole trader, trust, company or partnership - to protect your assets, reduce liability, and manage tax effectively.
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Cash Flow, Budgeting & Profitability
We work with you to improve profitability through tailored financial insights, cash flow forecasting and expense control - so your business supports your lifestyle, not the other way around.
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BAS, Bookkeeping & Payroll Support
Whether you need in-house training or outsourced bookkeeping and payroll support, we ensure your day-to-day financial management is streamlined, compliant and stress-free.
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Growth Advisory & Succession Planning
Thinking of scaling, selling, or bringing in a partner? We help you build a practice with value - one that's profitable, independent and future ready.
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Trusted by Professionals Australia-Wide

Industry-Specific Knowledge

From one professional Firm to another, we understand how time-based billing models, professional indemnity, continual professional development (CPD), and industry regulations affect your bottom line.

Proactive, Ongoing Support

We are more than just end-of-year accountants. We work with you throughout the year to manage challenges, identify opportunities, and support your practice's growth.

Cloud-Based Solutions for Busy Professionals

With software solutions like Xero, MYOB and QuickBooks, we help you run a more efficient practice - anywhere, anytime.

The Australian Construction Industry Forum has for the last seventeen years engaged the accounting services of Palfreyman Chartered Accountants, and we greatly value their services. We have found the staff to be knowledgeable, caring, highly efficient and very helpful. Their expert understanding of MYOB has been much appreciated by our small office team, and the preparation of accounts for auditing has been outstanding.
Dr James Cameron
Dr James CameronExecutive Director of the Australian Construction Industry Forum
After becoming dissatisfied with the services of another accounting firm, we looked around and found Palfreyman Chartered Accountants. We had a consultation with Simone, finding her very professional and met the friendly team at Palfreyman Chartered Accountants. Safe Act Pty Ltd working with Palfreyman Chartered Accountants, has found good communication with only a phone call away, not waiting for a call back. Palfreyman Chartered Accountants was able to point us in the right direction for positive growth and relieve the pressure of financial reporting.
Gregory Allen
Gregory AllenPrincipal Advisor, Safe Act Pty Ltd
Before launching our small business we turned to Simone, who advised us and structured the whole framework of the operation. She has provided a wealth of information and guidance and worked very hard to keep us on track. We could not have managed without the support of Simone and her team.
Noel HarrisonDirector, OOSHcare Pty Ltd
I feel comfortable and confident with the team at Palfreyman’s. They are a lovely, bright group of people. I have needed some very unusual advice and Simone and her team have helped beyond my expectations. I’m more than happy to recommend Palfreyman Chartered Accountants for business establishment and accounting advice.
Our Village Project / CoWork Space
I would like to thank Simone from Palfreyman Chartered Accountant for her time in helping me establish Hunter Hands of Hope. She is amazing, such a genuine, gentle and kind hearted soul.
Melissa GontierFounder, Hunter Hands of Hope
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Let's Build a Stronger Professional Practice.

Ready to gain financial clarity and build a more resilient business? Fill out the form below to request an appointment with one of our accountants or advisors.