Serving Today’s Medical Professionals
Real Solutions with Modern Technology in a CPA Firm for Medical Practices
Medical professionals and practices require a CPA attuned to the intricacies of high-earning entities, often accompanied by a significant support team. As highly educated business owners, doctors value their time immensely and deserve a network of equally skilled professionals to support them. Medical practices navigate the complexities of equipment leasing, oversee payroll for a sizable team, and aim to optimize the retirement benefits available to high earners. Additionally, they possess distinct tax planning necessities.
Medical Practices Need…
A Smart CPA Firm.
Doctors, as highly educated professionals, thrive best when collaborating with peers who resonate with their level of expertise. Bette, an MIT graduate, has a network filled with leading research scientists, esteemed medical professionals, and other experts worldwide. You deserve a CPA who aligns with your level of expertise to adeptly handle your financial concerns.
Navigating Financial Options
Retirement and Benefits for High Earners
Choosing the right retirement program can be a tough task for a medical office. It’s important to set up a 401(k) correctly so high earners don’t face limits on their contributions. More advanced retirement plans can lead to payroll issues if not set up right. Every medical practice is unique — differences in the number of doctors compared to staff or having a spouse on the payroll can change the recommendations given.
Medical Equipment Leasing
Staying on Top of Tax Changes
Today’s doctor’s office has specialized equipment with complex leasing needs. From 2020, businesses under Financial Accounting Standards Board (FASB) guidelines must recognize leases on their balance sheets. This can affect loan agreements based on GAAP (Generally Accepted Accounting Principles), not just tax rules. A skilled medical practice CPA will guide you through this, while a tax preparer focuses on the paperwork.
Medical Practice – More Info
Time Sensitivity
We get it – you’re deep in the world of medicine, balancing life-saving tasks and tight schedules! While you’re out there making miracles happen, we promise not to hold you back.
Intelligence
With us, you won’t be handed off to someone on the sidelines. Every high-level conversation happens directly with Bette. With an engineering background from MIT and a Master’s in Accounting, she’s not only on your level – she’s often a step ahead.
We’re Detectives
While medical diagnostics handle health challenges, we move smoothly through the changing tax code. We might not wear lab coats, but our investigations keep your finances in check!