We provide tax, accounting and advisory services to physicians, dentists and other medical practitioners in the Greater Toronto Area. Our services take advantage of the unique regulatory framework governing your profession. We don’t believe in a “one size fits all” approach to decision making and thus, endeavour to provide customized assistance based on your specific needs.
Examples of how we can help include:
Tax Planning
- Setup of professional corporations to defer taxes
- Utilization of lifetime capital gains exemption
- Assistance with incorporation
- Review of existing business structure to determine if most tax efficient
Practice Acquisition Support
- Analysis of financial documents provided by the seller (I.e. does this acquisition make sense financially?)
- Due diligence procedures to ensure “no surprises” after the purchase
- Assistance with business financing applications
- Determination of appropriate tax structure for your business (e.g. professional corporation, sole proprietorship, partnership vs. cost-sharing arrangement, technical or hygiene service corporation, trust)
Estate and Retirement Planning
- Business succession planning
- Creation of tax efficient charitable and individual gifting plans
Annual Tax Return Filings
- Preparation of corporate T2 income tax filings for professional corporations
- Preparation of personal income tax filings for employees and sole proprietors
Bookkeeping and Business Support Services
- Accounting system setup and training
- Ongoing bookkeeping and preparation of government filings and remittances
- Lease vs. buy decisions
- Cash flow projections and budgeting
Contact us today for a free no-obligation consultation.