- Medical Practices
- Home Health Care
- Mental Health Care
How we can help.
The medical profession is one of the busiest of professions. Tax planning can be neglected. Some professionals put off tax planning and try to correct by making year-end decisions to balance tax liability.
One of the short falls we see with new medical clients is the lack of keeping corporate minutes. If you keep your corporate minutes up you will be less likely to have problems with excess compensation issues, deferred compensation, pension contributions and other tax issues.
Review your form of business entity. If federal income tax rates continue upwards, as indicated, it may be worth looking at the personal service corporation (PSC). PSCs currently pay a flat 35% federal tax on income.
Retirement plans can reduce your taxable income and shelter some assets. Consider a retirement plan for yourself and your employees.
We can provide (depending on your needs):
- Accounting and outsourced financial management
- IRS problem resolution
- QuickBooks Accounting Support & Training
- Reviews & Compilations
- Staff Training
- Tax Services
- Sales & Use Taxes
- Temporary Living Expenses
We have years of experience in working with Doctors & Medical Associations. Put our expertise to work for you by contacting us today.