We understand the unique challenges that medical professionals and medical practices face when ensuring their financial health. Our custom tailored tax and accounting services for doctors ensure you remain compliant, efficient, and informed.
Our expertise in tax planning and tax preparation make us the go-to tax accountant for your medical practice. We are your complete finance team, for a fraction of the cost of hiring a complete finance team.
Here’s what we do for doctors and wider medical practitioners:
- Cloud-based, managed bookkeeping: We offer Assistance with cloud–migrations for your medical practice to move seamlessly into the cloud with top accounting software like QBOP or Xero.
- Fractional CFO for medical practices: Receive insights and strategies to achieve your financial goals.
- Payroll services for doctors: Ensure an accurate financial payroll management.
- Yearend compliance services: Comprehensive financial statements, tax filing, and tax returns ensuring your income tax is handled properly.
- GST/HST services for medical practices: Tailored for mixed-use and medical office ‘shared’ practices.
- Incorporation and tax structures: Expert advice for medical professionals.
- Tax accountant: Including remuneration planning and advanced tax reduction strategies.
- Buying and Selling a Medical Practice: Navigate the financial intricacies with ease.
- Family Trust and estate planning: Preserve your legacy.
- Retirement Planning: Strategically plan for a prosperous future.
- Financial Projections and Forecasts: Get actionable insights to handle your accounting effectively and guide cash flow management.
We serve both independent medical practices and salaried GPs, catering to a wide array of specialties including general practitioners, surgeons, and more.
Did you know?
- The average independent professional practice dedicates 8-15 hours per week on accounting tasks, which could be better spent serving patients.
- A mere 15% of medical professionals proactively contact their patients for checkups, largely due to capacity constraints.
- Recent tax laws, especially the complex TOSI rules, specifically target doctors. It’s essential to work with a tax accountant that has a deep understanding of them.
- By utilizing efficient billing systems like Telus Health, medical practices can expedite insurance company payouts.
Benefits of Partnering with a Medical Accountant
When we are your professional accountant, you get:
- Swift Reconciliations: We can aid in reconciling government payments and insurance claims, ensuring prompt payments.
- Advanced Payroll Systems: Streamline your payment process. No more manual checks!
- Financial Clarity & Education: Especially beneficial for shared practices.
- Cash Flow Management: Understand your financial standing to ensure growth and success.
- Time Efficiency: Redirect your focus from paperwork to patient care.
- Easy Accessibility: With our cloud services, your data is a click away.
What Medical Clients Say About Achen Henderson CPAs
“I run a busy optometric practice, and Achen Henderson looks after my financials, while I stay focused on looking after my patients. After a busy day seeing and managing patients, it is so nice to come home to spend time with my young family instead of poring over payroll and bookkeeping. My staff get paid on time, and properly, which keeps them happy, and my books are managed by a professional who knows the ins and outs of my business.
Achen Henderson is extremely organized and the future of business consulting, utilizing well-developed mobile apps to manage payroll, time-sheets, bookkeeping, and documents. They are responsive and thoroughly understand the needs of young entrepreneurs. It is so refreshing to have someone who can guide me in making decisions that are in my business’ best interests.”
– Bonnie Kwok Professional Optometry Corporation
Unleash Financial Success for Your Medical Practice
Up late planning tomorrow? Up early checking the bank balances? We are right there with you every step of the way, no matter how big or small your business is. It all starts right here, imagine the possibilities.