Tax Specialist for Doctors
Strugle to Keep Up ?
Are you struggling to keep up with your accounting and bookkeeping as a medical professional? We specializes in helping doctors, dentists, and other healthcare providers manage their financial records efficiently.
How much is your Time worth ?
On average, our clients save 10 hours per month sorting receipts and managing bookkeeping when they switch to our specialized medical accounting services. How much is 10 hours of your time worth?
Benefits of Partnering with a Medical Accountant
Industry-Specific Expertise
We understand the unique financial and tax considerations for doctors, ensuring tailored solutions.
Better Business Advice
We provide strategic tax planning and financial insights to optimize your practice’s profitability.
Advanced Automation & AI Tools
Save time with automated bookkeeping, AI-powered financial reporting, and seamless tax filing.
Proactive Tax Planning
We help you minimize your tax burden, maximize deductions, and plan for long-term wealth.
CFO Advisory
Gain executive-level financial guidance to help you make data-driven decisions, scale your practice, and maximize profitability
Why Choose Dexado for Accounting & Tax Services for Medical Professionals
Custom Accounting Solution for Your Medical Practice
At Dexado Accounting & Tax, we design tailored financial strategies to help doctors and medical professionals achieve their business and personal financial goals. Whether you’re planning to purchase a home, save for retirement, or build long-term wealth, we provide expert guidance to ensure financial security and tax efficiency.
Expert CRA Insight & Audit Prevention
With a former CRA auditor on our team, we have deep knowledge of CRA processes and compliance requirements. We proactively:
- Identify potential audit triggers and mitigate risks before they become issues
- Reduce CRA scrutiny on your personal and corporate taxes
- Minimize audit representation costs by ensuring proper tax documentation
Proactive Tax Planning for Doctors & Medical Professionals
We go beyond standard tax filing to implement advanced tax-saving strategies, including:
- Maximizing deductions and minimizing tax liabilities
- Mid-year and year-end tax planning for compensation strategies
- Asset rollovers & corporate restructuring to optimize tax efficiency
- Business reorganization to mitigate risks and preserve wealth
- Succession tax planning for transferring your practice to key employees or family members
- Small Business Capital Gains Exemption Planning for tax-efficient practice sales
- Business exit planning to prepare for retirement or transitioning out of practice
AI-Driven Automation for Efficiency & Accuracy
We leverage AI and automation to streamline your financial processes, saving time and reducing errors. Our semi-automated bookkeeping systems ensure:
- Faster, more accurate financial reporting;
- Real-time financial insights for better business decisions;
- Less administrative work so you can focus on patient care
👉 Work smarter, maximize your tax savings, and secure your financial future with Dexado.
Accounting Services for Medical Clinics & Professionals
📌 Bookkeeping & Tax Compliance – Stay compliant while focusing on patient care.
📌 Corporate Tax & Professional Corporation Strategies – Maximize tax benefits of incorporating your practice.
📌 Exit & Retirement Planning – Prepare your practice for sale or transition smoothly into retirement.
📌 Investment & Wealth Planning – Smart tax strategies for real estate and investment income.
Our Pricing
Self-Employed Physicians
Tax Accounting-
Personal Tax Accounting (T1)
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Proactive Tax Planning
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Investments & Real Estate
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Year-Round Support
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Correspondance with CRA
Incorporated Doctors
Tax Advisory and Accounting-
Corporate Tax Filing (T2)
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Personal Tax Filing (T1)
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Mid-Year Tax Meeting
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T4/T5 Information Returns
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Correspondance with CRA
Family Trust
Tax Accounting-
T3 trust income tax return
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Tax slips – T3, T5 (interest)
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Tax deferral and distribution
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Year-Round Support
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Communication wih CRA
FAQs – Accounting & Tax Advisory Services
for Medical Professionals
🔹What type of accounting is used most often by physicians?
Most physicians use accrual-based accounting for corporate tax reporting and cash-based accounting for personal finances.
🔹 Is it better for doctors to incorporate?
Incorporating can provide tax deferral benefits, income splitting opportunities, and liability protection. However, it depends on your income level and long-term financial goals.
🔹 Can I deduct my home office expenses as a doctor?
Yes, if you use a portion of your home exclusively for business purposes, certain expenses can be deducted.
🔹 Do I need a medical accountant, or can I use a general accountant?
Medical professionals have unique tax laws, deductions, and benefits that general accountants may overlook. A specialized medical accountant ensures maximum tax efficiency and compliance.