Specialized business accounting services for physicians and healthcare providers
Business Management Consulting
The day-to-day challenges of managing a business can sometimes feel overwhelming for busy doctors and physicians. Making sure your practice is in compliance with government regulations while trying to manage cash flow and accounting tasks can consume the energy that you’d rather put towards patient care. CREDO CFOS & CPAS can help by offering healthcare consulting services and practice management for doctors and medical professionals.
We begin by conducting a comprehensive review of your practice to identify where operational improvements can be made. Then, we show you how to implement changes that will simplify accounting procedures and save you valuable time. We carefully organize your record-keeping system, improve internal controls, and eliminate unnecessary expenses. The result is that your operations will become more efficient, paving the way for new growth.
Business management services:
• Tax reduction planning
• Choosing the right type of entity for your practice
• Strategic growth planning
• Practice start-up consultation
• Overhead analysis
• Capital acquisitions
• Lease vs. buy analysis
• Continuation planning
• Operational review and implementing improvements
• Financing assistance plans
• Equipment acquisition planning
Business Accounting Services
Physicians and other healthcare providers can spend an inordinate amount of time managing their records and finances. CREDO CFOS & CPAS specialize in business accounting services for healthcare companies that are designed to save both time and money. We’ll take care of your bookkeeping, manage your cash flow, handle tax planning, process payroll, and provide organized financial records. Our services will assist you in maintaining a profitable practice that runs smoothly so that you can service clients at the highest levels.
Our accounting services for business include:
• Outsourced accounting and bookkeeping
• Payroll processing
• Outsourced controller and CFO services
• Tax preparation
• Tax planning strategies
• Cash flow analysis and management
• Forecasting and budgeting
• Monthly financial statements
• Help starting a new practice
• Incorporation services (Sole proprietor, LLC, etc.)
• Business management consulting
• QuickBooks™ accounting software set-up and support
Tax Preparation and Planning For Business
Solid financial advice from a medical CPA firm that understands how changing tax regulations affect healthcare companies is essential to every practice. CREDO CFOS & CPAS is experienced in working with a variety of medical professionals and has unique insight on how to formulate a tax strategy that will bring your practice maximum savings. Our comprehensive knowledge of the current tax laws combined with our professionalism and integrity ensures that your practice is always in compliance and that you never pay more than you truly owe.
CREDO CFOS & CPAS will maintain consistent communication with you throughout the entire year, not only at tax time. We make sure to be accessible to our clients whenever they have questions or concerns about how important financial decisions could affect their tax liability. Just as you strive to provide the very best in patient care to your clients, we go the extra mile and provide you with the best possible financial care to help your practice to be successful.
Our tax services for doctors and dentists:
• Tax preparation for healthcare companies and business
• Tax returns for doctors and dentists
• Tax planning strategies to help minimize your tax burden
QuickBooks™ Setup and Support Services
QuickBooks™ is a powerful financial tool for doctors and medical professionals because it saves time and effort by automating many routine bookkeeping tasks. You can track your office revenue, record your office budget, and maintain your practice’s accounting functions all in one place, making your day-to-day reporting quicker and simpler. You can even use QuickBooks™ to record hours worked so you can invoice for that time and the software will automatically make the corresponding general ledger entries for you.
When you sign on as our client, we’ll make sure your business gets the right version of QuickBooks™ and that it’s configured properly. We’ll perform the initial setup including mapping accounts and creating templates for professional looking invoices so you can get paid more quickly. With QuickBooks™ tracking your financials throughout the year, you won’t spend hours organizing paperwork and receipts at tax time. Instead, we’ll use the information QuickBooks™ supplies to prepare and file your taxes with minimal input from you.
Our QuickBooks™ accounting for business includes:
• Selecting the best version of QuickBooks™ for your practice
• QuickBooks™ software setup
• Mapping accounts
• Creating templates for invoices
• Troubleshooting problems
• Time-saving tips and tricks
• Data file review to correct errors
As a medical CPA firm that works in partnership with doctors, chiropractors, optometrists, naturopaths, and other healthcare professionals, CREDO CFOS & CPAS has a keen and experienced understanding of the issues and concerns that most often impact your industry.
For more information, call DonCarlos Bain at 404-992-6514 today to schedule a free consultation and financial checkup for your practice.