ACCOUNTING & FINANCIAL SERVICES FOR
TODAY’S MEDICAL PRACTICE
Medical practices are evolving with our changing times. Having the right financial partners is the key to
gaining an edge and maximizing profitability.
CFO ADVISORY
PRACTICE ADVISORY & MANAGEMENT
FINANCIAL ADVISORY
- Our full-service offering
– Bring the practice advisory, accounting, financial, and tax expertise directly into your practice – without the full-time expense of highly qualified financial employees
– Take your growing practice to the next level financially by utilizing the expertise of multiple CPAs, allowing us to handle the numerous facets of your practice’s finances
– For the medical professionals that utilize our CFO Advisory services, our #1 priority is maximizing value for the owner(s) of the practice
– Entity selection assistance
– Ownership structuring
– New practice formation and business considerations
– Relationships with bankers, attorneys, financial advisors, and insurance agents to help with practice startup needs
– Loan negotiation assistance
– Operating agreement assistance
– Succession planning
– Valuation assistance
– Retirement planning, including assistance with setting up plans that maximize tax deferral opportunities for the owner(s)
– Profitability & expenditure review
– Financial planning & budgeting
– Cash flow modeling
– Lease vs. buy analysis
ACCOUNTING
TAX
ASSURANCE
– Outsourced accounting assistance
– QuickBooks assistance by QuickBooks Certified ProAdvisors
– Preparation of internal financial statements
– Internal controls implementation
– Tax planning strategies
– Tax preparation for medical practice office, doctors, and other medical professionals
– Cost-savings possibilities when the medical practice’s business and physician’s personal taxes are prepared collectively- All federal, state, and local tax filings
– Quarterly estimate preparation
– New partner tax considerations
– Multiple office locations and multi-state tax filings
– Preparation of audited, reviewed, or compiled financial statements
–Assistance with bank loan covenant requirements, office lease requirements, and additional assurance requirements
– Agreed-upon procedures
– Employee benefit plan audits
