Maximizing your take home profits

Accountants & Tax Specialist for Dentists Toronto

If you are a professional dentist in Toronto or Mississauga and looking for an accountant or tax specialist, SRJ Chartered Professional Accountants is your answer. We are a team of professional accountants who specialize in providing services to the dentists in the Greater Toronto Area. We can meet your accounting needs, irrespective of the stage in which you are with your dentistry career. We can help you incorporate, if you are looking to set up your own practice, or we can ensure the smooth functioning of the accounting side of your practice, if you are already running one. Our aim is to manage the accounting and taxation needs of dentists. We provide the following services:

As accountants who specialize in catering to the accounting and taxation needs of healthcare professionals such as dentists. We help dentists make the correct financial decisions to get their practice started off right and help them retain as much of their taxable income as legally possible. SRJ Chartered Professional Accountants is well equipped to work with the latest accounting softwares to ensure timely and proper bookkeeping.

We have a proactive approach and use our expertise and tailor it to your specific needs and deliver more than what you expect from your Chartered Accountant. This allows our clients to focus on providing healthcare services and serving their patients while we take care of their financial and accounting needs. Our specialized bookkeepers have experience in working with dentists and are knowledgeable in practice management software so that bookkeeping is maintained correctly and efficiently.

Tax Specialists

We make sure to provide the best possible services to our clients when it comes to their taxation. It does not matter if you are a sole owner who wishes to file their personal tax returns, one of the partners in a partnership or own a Professional corporation, we can help you with your taxation requirements. As having years of experience in providing taxation for healthcare professionals we can help our clients in various ways, all the while making sure that they do not pay taxes any more than they should and can avail any relief or subsidy offered to them by the government and relevant authorities.

Our team of Chartered Professional Accountants help develop tax efficient compensation plans for our clients and their families. Our team also helps in-house professionals incorporate their businesses. SRJ Chartered Professional Accountants offer tax advisory services like estate planning, year-end tax planning and provide guidelines in selling and buying of assets without facing severe tax implications.

Accountants & Tax Specialist for Dentists Toronto

Dental Accounting Services

We help dentists in retaining more profits and net income by reducing their tax burdens. We specialize in taxation for dentists and dental practices, and can help in maximizing their take away income, all while growing their practice. We help our clients in taking complete control of their finances and needs and create an understanding of their long-term aims. While running a practice, there are a lot of things that come up and aren’t taught in dental schools. It is our job to make sure that accounting and taxation is the least of your worries. We will ensure that your books are complete at the end of the year, your staff payrolls are run on time and your cash flow is satisfactory, on a monthly basis. We help you achieve your financial goals, be it planning and saving for a retirement, saving up for your kid’s college or buying your dream house, we are here to help you achieve your dreams. We can help you in making financial decisions like salaries, incentives, payroll taxes, pension plans, equipment purchase, buying vs. leasing and other financial matters.

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Accounting Services for Dentists

If you are thinking of buying or selling a dental practice, we can help you walk through this ordeal. Our Chartered Business Valuators are experienced professionals who help in providing valuations services and can make sure that you are compensated fairly.
Here are a list of services we assist other dentist and practice owners with:

1. Fiscal Year Corporate Tax and Financial Statements

    • Prepare Year-End Documents for all companies including:

2. Accounting Infrastructure Review and Process Implementation

    • Introduce team and assess current processes
    • Review and document detailed processes within accounting infrastructure including bookkeeping, accounts payable, accounts receivable and tax compliance.
    • Assess and finalize software and 'app stack' to bring forth efficiencies in the accounting processes, provide automations where applicable, improve controls, etc.
    • Provide logins and training to internal team members

3. On-Going Monthly Managed Back Office Services

      • Monthly data entry and transaction review
      • Monthly bank account reconciliation
      • Monthly credit card expense identification
      • QuickBooks Online (QBO) review
      • General Bookkeeping Support
      • Management Reports Including Key Financial Data
      • Accounts payable Support and Payables Management
        • Plooto payments set up and integration
      • Pay vendors and contractors monthly
      • General Accounting and Bookkeeping advice
      • File HST and make tax payments (including HST and Corporate Tax)
      • Bi-weekly payroll processing and recording
        • Maintaining Payroll Software
        • Adding New Employees
        • Managing bi-weekly payroll cycles
        • Record of Employments

4. Senior Financial Management Services

    • Provide monthly financial reporting
    • Provide monthly performance against budget reports
    • Help manage cash flow
    • Participate in the budgeting and forecasting process
    • Coordinate with management team for ad hoc reports and advisory related to external fundraising requests
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Contact us to set up a consultation on where we can help books, taking the burden of ensuring your staff is paid on time and maximizing your take home pay.

SRJ Chartered Accountants has two conveniently located offices in the Greater Toronto Area. We are open to meeting clients at either locations, downtown Toronto office or head office in Mississauga. We have developed a team of highly skilled staff who are educated from the most prestigious tax and accounting schools in Canada. If you are looking for accountants or tax professionals specializing in servicing dentists in Toronto then come speak to our professionals at the firm and learn how we can help with all your tax and accounting needs. Learn about accountant for lawyers Toronto.