Tax Specialist for Doctors

Are you currently experiencing challenges keeping up with accounting &
bookkeeping in your medical practice? We can help. We are fully equipped to
provide customized accounting solutions for dentists, doctors among other
medical practitioners. 

Accountant For Doctors & Medical Clinics

You can make use of our CPA and Tax Accountant for doctors & medical clinics in the following ways:

  • We can help you to reduce taxes by making adjustments in your business structure or processes
  • We can significantly improve cash flow for your business allowing you to keep track of all your income and expenses
  • We will properly manage your practice’s financial data making sure all the reports are accessible, easy to understand and accurate
  • We’ll address all your tax burdens making sure your practice is always on compliance

If you are looking for accounting services for your doctor’s clinics, our CPA Accountant is ready to provide efficient financial services for doctors Toronto.

We can provide the following accounting services for your doctor’s clinics:

Why it Makes Sense to Outsource Accounting for Medical Practices

Many of our clients approach us simply because they lack the expertise to handle taxation and accounting matters in medical practice correctly. You can get up-to-date industry-specific software that could be too costly to acquire on your own. We also give you the privacy and security you need.

GTA Accounting in Toronto offers you the experience and credibility you deserve from an accounting firm. The doctors and dentists who outsource to us experience greater operational efficiency and get more time to focus on their core activities. Furthermore, by outsourcing accounting to us, medical practices are able to scale easily because they can enjoy financial flexibility.

We also help medical institutions to comply with accounting laws by taking into account all the legal guidelines of your province or territory. Most importantly, allowing us to handle your accounting and bookkeeping services will help minimize costs. Take advantage of our top-notch services at a low cost to better manage your clinic’s accounting.

FBAR (Foreign Tax Credits Or Deductions)

For all the taxes you paid in Canada, you can make a claim for foreign tax credit on your United States tax returns. If you are a green card holder or a U.S. citizen, you must file the 1040 form on yearly basis if you meet a certain income threshold. You may be subject to S.E. tax exemption if you reside in Canada and you are exempted by the Canadian U.S. social security agreement. You will have to file disclosure to this exemption with the 1040 Form.

Other than filing the 1040 Form every year, you may be subject to additional tax reporting. Additional tax reporting may apply if you are a beneficiary or if you own Canadian Mutual Funds. You are also subject to additional U.S. tax reporting if you own or are a beneficiary of Canadian RPPs, RESPs, RRSPs, and TFSAs.

Need Help With Taxes?

Bookkeeping, Tax Strategies and more.
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