The current economic and financial landscape faced by medical practices is quite challenging. As a result of everything from rising costs to declining reimbursements, medical practices of all sizes are looking for expert financial guidance. At Tristate Accounting, we specialize in medical practice accounting and other financial services. Our targeted offerings include:
Medical Practice Accounting
Any medical practice that wants to grow needs to stay on top of its numbers. If a practice doesn’t have access to accurate financial reporting, it will prevent the practice from reaching its full potential. Because there’s a lot of work that goes into keeping financial information current and putting all the information into a format that’s actionable, the demand for Ohio medical CPAs is very high.
If you’re in need of a CPA who understands the specific issues faced by your organization, we’re the financial experts who can help. Thanks to our experience working with dental practices and medical groups, we have firsthand knowledge of how these organizations function. We also know the most important issues faced by the healthcare industry. The amount of experience we have working with medical businesses allows us to provide the highest level of service to our clients.
Tax Services for Doctors, Dentists and Other Medical Providers
Not only can most medical practices get a lot out of having access to financial information that is accurate and up to date, but they can also greatly benefit from having a Cincinnati medical CPA that is focused on tax issues. This type of service can be as simple as ensuring that the proper estimated tax payments are taken care of every quarter.
In addition to basic but essential tax services, having tax planning done by a CPA firm for a medical practice can be a huge benefit. Since most practices pay a substantial amount of taxes, having a knowledgeable professional on your side is the best way to minimize your tax liabilities.
Payroll and Business Advisory Services for Medical Practices
Last but certainly not least, an experienced accountant for doctors or dentists can assist with a variety of business functions. As a practice starts to grow, payroll can become both expensive and time consuming. Working with a professional can help to reduce payroll costs and the amount of time required.
A financial firm that specializes in medical practices can also work in a business advisory role. Whether you’re thinking about buying another practice, need a budget forecast or want to secure a business loan, enlisting professional help is the best way to help make your efforts successful.
Regardless of the specific financial services you need, if you want to work with a company that has a track record of assisting medical practices, you’ll be very happy with what you get out of working with Tristate Accounting. To discuss how we can help you in detail, be sure to give us a call at (513) 791-6288