Streamline Your Healthcare Practice Finances
Getting the right tax accounting for your medical practice is essential to maximize deductions, minimize tax owings, and unlock the growth of your practice.
Tax challenges you as a healthcare professional might be facing.
Between billing complexity, incorporation rules, and the professional expenses unique to medicine, healthcare tax is its own game. Here's what we help you avoid.
We'll help you avoid the challenges of:
- ×Balancing Personal and Practice Expenses: Don't keep mixing personal expenses with your medical practice
- ×Missing Deductions: Missing out on deductions and credits that could reduce your taxable income
- ×Tracking Locum & Referral Income: Multiple income streams that need to be tracked and reported correctly
- ×Handling Payroll and Retirement Plans: Setting up staff payroll and physician-focused retirement contributions
- ×Managing MPC Corporations & Investments: Medical Professional Corporations have their own tax rules and passive income traps
How we will help you overcome your accounting challenges.
Regardless if you are a family doctor, surgeon, dentist, or another healthcare professional, we can help you save time, reduce taxes, and grow your practice.
We will help you with:
- ✓Balance Personal and Practice Expenses: Clean separation between personal and practice books
- ✓Track Locum & Referral Income: Full reconciliation of every income stream tied to your practice
- ✓Structuring Payroll and Staff: We'll help you set up payroll and manage staff compensation efficiently
- ✓Set Up an MPC and Self-Directed RRSPs: Set up your Medical Professional Corporation with the right investment strategy
- ✓Practice Expenses and Tax Savings: Maximize deductions on equipment, CE, insurance, and more
"Take control of your healthcare practice finances and maximize your tax savings."
How we compare with other firms.
There are many accountants to choose from. Below you'll see how we specialize for healthcare professionals.
A specialized healthcare accounting firm that understands MPCs, locum income, and every deduction unique to medicine.
- ✓Industry-specific team serving physicians, surgeons, and dentists
- ✓MPC setup, income splitting, and passive income planning
- ✓Locum, referral, and multi-clinic income reconciled monthly
- ✓Retirement, insurance, and investment strategy in one place
Generalist accountants who miss the deductions and structures that matter most to healthcare professionals.
- ×No experience with Medical Professional Corporations
- ×Miss deductions on CE, equipment, and licensing
- ×No support with locum or multi-clinic income tracking
- ×Reactive advice that only shows up at year-end
Our step-by-step process.
A structured process to get your practice finances organized.
Free consultation
We learn your practice, income streams, and current tax setup - no commitment.
Books & Software Setup
We onboard your practice into QBO, connect billing systems, and organize expenses.
Corp Strategy & Planning
MPC review, income splitting, retirement, and passive income planning.
Ongoing Partnership
Monthly reconciliations, tax filings, and a healthcare-savvy accountant on call.
"We will work with you and your team to automate your accounting, build your reports, and much more."
Questions you may have about our accounting services.
Do I need to set up a corporation?
Most physicians benefit from a Medical Professional Corporation once earnings exceed roughly $150k. We'll model the numbers with you.
Will this work if I am starting?
Absolutely. We help new physicians and dentists set up correctly from day one so you don't pay for cleanup later.
Do you handle personal taxes too?
Yes. Personal T1, corporate T2, and family tax planning are all handled together.
Which software do you use for accounting?
We're a QBO-first firm and integrate with major billing platforms and payroll systems.
Take control of your healthcare practice finances with MyBookly.
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