Doctors – Specialized Tax & Financial Solutions for Medical Professionals
At Lepore & Company, we specialize in financial management and tax planning for doctors, ensuring tax efficiency, accurate bookkeeping, and optimized business structures. Whether you're a family physician, specialist, or operate a medical clinic, our tailored solutions help you maximize deductions, manage expenses, and stay compliant with CRA regulations.
Financial Challenges for Doctors
Medical professionals face unique financial and tax complexities, such as:
- Navigating high-income tax brackets and minimizing liabilities
- Maximizing deductions for medical equipment, office space, and education
- Determining the benefits of incorporating a medical practice
- Handling payroll for clinic staff and administrative personnel
- Ensuring compliance with CRA tax and HST regulations
Proper tax planning and financial management allow doctors to build wealth, protect assets, and focus on patient care.
Our Financial Services for Doctors
1. Tax Planning & Compliance
- Optimize tax deductions for professional fees, equipment, and medical practice expenses.
- Reduce tax burdens through strategic planning for high-income earners.
- Ensure timely and accurate CRA filings to minimize tax liabilities.
2. Medical Practice Incorporation
- Determine if incorporating your medical practice offers tax and liability advantages.
- Set up and register a medical professional corporation to optimize tax savings.
- Navigate corporate tax compliance for medical practices.
3. Bookkeeping & Accounting Services
- Manage income and expenses efficiently with cloud-based accounting solutions.
- Track patient billing, insurance claims, and accounts receivable.
- Generate financial reports to improve cash flow and profitability.
4. Payroll & Staff Management
- Ensure accurate payroll processing for medical staff and administrative personnel.
- Manage employee benefits, compensation plans, and tax withholdings.
- Comply with employment standards and CRA payroll regulations.
Why Choose Lepore & Company?
- Medical Industry Expertise
- Proactive Tax Planning
- CRA Compliance Support
- Comprehensive Business Advisory
Focus on Your Patients – Let Us Handle Your Finances!
Managing a medical practice is demanding — handling taxes and finances shouldn’t be. At Lepore & Company, we provide expert financial guidance, tax optimization, and business support, ensuring your medical practice remains profitable and compliant.
Contact us today to streamline your financial management!