Expert Accounting Services for HEALTH PROFESSIONALS

Accounting services for medical professionals

With John Gillani, CPA, you’ll gain a partner who understands the unique business and tax challenges your medical practice faces.

Resident, fellow, or salaried physician

You’re working hard to reach your goals. Our mission is to support you as you achieve them. This tax package starts with a consultation to understand your situation. Then, we plan your finances to enable you to maximize your available employment deductions. It’s the best way to set yourself up for future success.

Here’s what’s included:

• T1 Individual Income Tax Return
• Advice and guidance on eligible tax write-offs
• Ongoing accounting and business support to answer your questions throughout the year

Self-employed physician

If you’re earning income as a sole proprietor, we can make the most of your tax return. First, we meet to understand your setup and goals, and then we create a personalized plan to maximize your returns going forward. This tax package includes:

Here’s what’s included:

• T1 Business Income Tax      Return
• Advice and guidance on eligible      tax write-offs
• Ongoing accounting and      business support to answer your questions throughout the year

Physician working in an incorporated structure

This complete package for incorporated medical professionals includes corporate and personal tax return preparation, annual financial statements, and tax and finalizing planning services. We engage in an ongoing personalized dialogue throughout your fiscal year to address tax deferral strategies, income splitting, and how to maximize corporate deductions.

Here’s what’s included:

• Setup of Medical      Professional Corporation
• Registration of Medical      Professional Corporation with the College of Physician and Surgeons of Alberta      (CPSA)
• Annual renewal of      Medical Professional Corporation with CPSA
• T1 Individual Income      Tax Return
• T2 Corporate Income Tax      Return
• Issuance of tax slips
• T4 (Employment)
• T5 (Dividends)
• Compilation of      financial Information– CSRS-4200
• Advice and guidance on      eligible tax write-offs
• Unlimited ongoing      accounting and business support to answer your questions throughout the      year
• Year-round      representation with the CRA

Bookkeeping

Medical professionals are busy so staying on top of the books is understandably challenging. We’re here to take the burden of bookkeeping off your hands, meaning you can spend your time focusing on what’s important.

Here’s what’s included:

• Monthly bookkeeping
• Monthly reporting of      trial balance & P&L

Medical practices have unique circumstances

Medical professionals like you work under widely varying circumstances. If you don’t see yourself reflected in the above scenarios, reach out to us to schedule a chat. We can develop custom medical accounting services packages suited to your needs. We’re happy to discuss how our accounting services for doctors in Toronto and Mississauga will help you maximize your income, grow your practice, and protect your wealth.