Skip to content

Taxes & Accounting for Medical Professionals

Trustworthy Tax & Accounting Services for Brooklyn Medical Professionals

Taxes & Accounting for Medical ProfessionalsAt McLan Accounting Services, LLC, we know how difficult it can be to stay on top of your finances while managing the daily operations of a medical practice. Our experienced CPAs are in your corner to provide the meticulous, year-round tax and accounting support you need to keep your office running smoothly. Whether you require the services of a careful bookkeeper or are struggling with a particularly complex tax return, we're happy to help.

Since 1985, our firm has provided comprehensive accounting and tax services to Brooklyn medical professionals including doctors, dentists, and therapists. We appreciate the hard work you perform to protect the members of our community and are honored to work alongside healthcare providers throughout the greater New York tri-state area. Our accountants are excited to discuss your financial goals in greater detail, so give our office a call today, and we'll schedule your initial consultation!

Call Us: (718) 871-8250 Book a Consultation

5 Reasons to Partner With Our Experienced Accountants

We've worked alongside medical professionals like yourself for many years and are familiar with the financial nuances of your industry. When you choose to partner with our accountants, you can count on our team to take the time to research your unique situation. We avoid cookie-cutter financial services and provide you with tailored solutions that encourage sustainable growth and savings. By taking advantage of our accounting services for medical professionals in Brooklyn, you benefit from:

  1. More Time to Focus on Your Practice & Patients: Managing data entries, compiling documents, and reviewing your ledger are time-consuming tasks. Allow our team to take the weight of bookkeeping and clerical duties off your shoulders. With our meticulous accountants handling your ledger and figures, you'll have more time than ever to focus on daily tasks, support employees, and provide for your patients.
  2. Efficiently Organized Financial Information: There are few things as stressful as scrambling to organize receipts to decipher your tax obligations as deadlines rapidly approach. We'll help you compile and arrange your data so that you have an excellent sense of your financial position. Our goal is to make overseeing your finances as stress-free and straightforward as possible.
  3. Effective Accounting & Recordkeeping Systems: Modern accounting systems allow us to store and manage information in increasingly efficient ways. We'll help you set up software systems that enable you to accurately track payments, control your accounts, and access essential data in one convenient virtual location.
  4. Critical Financial Insights & Reports: We're constantly seeking new strategies to reduce unnecessary costs and keep money in your pocket. Our team provides vital insights and analytics to reveal new avenues of sustainable growth and help you optimize your operating methods. We'll support you with cash flow and budgeting analysis, income statements, balance sheets, and trackable key performance indicators (KPIs).
  5. Protection from Fraud & Clerical Errors: Unfortunately, the digital era makes it easier than ever to fall victim to a clerical error or malicious financial act. We perform routine bank reconciliations to detect unprocessed payments, duplicate charges, fraudulent purchases, and other potential problems.

Why Do You Need a Tax Accountant?

Brooklyn tax experts reviewing reportTax regulations are constantly evolving, and your approach needs to change regularly to match your new obligations. Our tax accountants for healthcare providers in Brooklyn stay aware of new tax laws at the federal and local level, so you're never caught off guard. By staying up-to-date with applicable regulations, we're able to keep you in compliance with IRS regulations and protect your hard-earned revenue.

If you run into unexpected tax problems or are contacted by a reputable collections agency, our team can help you handle the issue. We provide trustworthy representation and work to come to a fair, affordable solution that preserves your long-term financial stability. Our tax experts handle your situation with expertise and discretion so that you can resume your daily life with confidence.

How We Maximize Your Tax Deductibles

As a medical professional, you may be eligible for several deductions that the average small business owner can't claim. We carefully evaluate your expenses, operating methods, and entity structure to devise strategies that protect your finances. Our team may be able to help you take advantage of deductibles on:

  • Clothing & Uniforms: If your employees must wear lab coats, scrubs, or medical shoes to perform their duties, the cost and upkeep of their uniforms may be tax-deductible. We'll check whether your practice's dress code qualifies for tax deductibles.
  • Professional Fees & Dues: If you're a member of a professional association, medical association, or union, your dues may be deductible. In some cases, the cost of initial admission may be considered a capital expense, so it's essential to have our experts review your situation.
  • Continuing Education: Staying up-to-date on the latest techniques and innovations in your field is essential to the performance of your duties. If you undergo continuing education to maintain or improve your skills as a medical practitioner, you may be able to write off your expenses.
  • Business Expenses & Supplies: Certain items that are essential to the continued performance of your practice, such as medical equipment, answering machines, and office supplies, may be deductible on a case-by-case basis. Contact our tax experts to discover how much you can save on the purchases you make to keep your practice running smoothly.

Your Reliable Brooklyn Tax & Accounting Experts for Healthcare Providers

You'll find our accountants to be thorough, reliable, and hardworking. When you take advantage of our accounting services for medical professionals in Brooklyn and the greater New York tri-state area, we'll provide you with the tools and solutions you need to take your practice to new heights. Call McLan Accounting Services, LLC today to schedule a consultation with our team!

Call Us: (718) 871-8250 Book a Consultation

Contact Us

Ask a Question

Find comfort in knowing an expert in accounting is only an email or phone-call away. (718) 871-8250

We Are Here to Help

We will happily offer you a free consultation to determine how we can best serve you. Contact Us

Send Us a File

Use our convenient SecureSend page to securely deliver a file directly to a member of our firm. Secure Send

Subscribe to our Newsletter

Subscribe to our monthly emailed newsletter to receive news, updates, and valuable tips. Subscribe