Accountant for Dentists in Toronto
WEI CPA, an accountant for dentists, we offer a wide range of dental accounting, bookkeeping, tax, financial statements compilation, review and audit services to meet your needs regardless of the stage at which you are in within your career as a dentist. Our knowledge and expertise in dental industry could help you succeed and grow. At Wei CPA, an accountant for dentists, we understand that as a dentist or medical practice owner, you want more from your Chartered Professional Accountant than just a set of financial statements or corporate tax return preparation. As a client of us, you will gain the benefit of regular access to our experienced Chartered Professional Accountant and Licensed Public Accountant for knowledge and expertise in medical industry. We can provide you with general business and tax advice, as well as assistance with purchasing, opening or selling a dental practice, and financial analysis.
Dental Accounting Services:
Dental accounting services at Wei CPA help dentists grasp the essentials in its financial position and identify the drivers in profit and loss. Dental accountant not only is a general accountant but also understand dental industry in particular. As a result, it helps dentists build up practice and grow wealth.
- Professional corporation creation and structuring
- Practice acquisition accounting and advisory
- Practice sale accounting and advisory
- Monthly or quarterly bookkeeping, payroll, and etc.
- Process improvement and profit maximization
- Financial statement compilation, review, or audit
Tax Services for Dentists:
Wei CPA, an accountant for dentists, provides corporate and personal tax services to identify the tax planning opportunities and minimize taxes.
- Dental professional corporation tax return (T2) preparation
- Sole proprietor dentists tax return (T1) preparation
- Income split and tax planning for dentists
- Holding company structuring
- Salary vs. dividend consideration
- Income and capital tax minimization
Business Advisory Services for Dentists:
Wei CPA, an accountant for dentists, could also provide you business advisory services in financial strategies and management solutions to deal with the challenges in operating a dental practice.
- Management advice addresses the key challenges efficiently and effectively, paving the way for the long-term health and profitability of your practice.
- Advisory services enable professionals to be more strategic when buying or selling a practice, preparing a succession plan or resolving shareholder disputes. We deliver effective strategies to meet your unique needs.
- Succession & retirement planning can have a major impact on your future. Let’s take the time to understand your individual goals and develop a retirement and succession plan tailored to meet your needs.
- Wealth management & financial planning ensure you have ample capital to run your business and plan for the future is critical to you both as an individual and a dental professional. By working closely with you to understand your business and personal needs, we help you make important decisions to preserve existing wealth and build the foundation for a healthy financial future.
Get Finances for Dental Practice:
Dental accounting services could also help you to apply for a dental practice loan in terms of business plan preparation, cash flow forecast or projections, financial statements compilation. Some banks offer conventional loans, while others offer SBA loans to cover the dental practice purchase or start-up. Common perception dictates that conventional loans are better for acquisitions that don’t involve real estate, while SBA loans are much more common when real estate is involved. Contact Wei CPA, an accountant for dentists, and let’s help you on this challenges.
Contact Us
5000 Yonge Street, Suite 1901
Toronto ON M2N 7E9
Tel: (416) 628-9423
Fax: (416) 352-5713