Expert Accountants for Doctors and Medical Professionals

Discover specialized accounting services tailored to the distinct needs of doctors and medical professionals. Maximize your tax savings and streamline your practice's financial health today.

Trustpilot

400% ROI*

From small business services on average

25 Hours**

Saved during tax preparation

1 Million+***

Consultations delivered

Powerful Financial Services for Doctors and Medical Professionals

While business owners and entrepreneurs in certain industries can handle their finances in the early phase of operations, doctors and medical professionals in the healthcare industry don't have that luxury. In addition to common tax challenges faced by virtually every small business, doctors, medical professionals, and other healthcare providers must adhere to sometimes onerous laws, rules, and regulations governing their profession.

When doctors and medical professionals trust 1-800Accountant with their complex financial work, our experts handle it error-free on their behalf. This ensures healthcare financial compliance and aids in profitability, budgeting, and minimal tax liability, empowering you to focus on your patients and the next medical milestone while we handle the rest.

Powerful Financial Services for Doctors and Medical Professionals

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Bookkeeping for Medical Practices

We track your revenue and operating expenses and share findings with easy-to-understand reporting.

Talk to Your Accountant

Schedule a call whenever you have a question or need advice, or shoot us a quick message.

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All Doctors and Medical Professionals Welcome

We work with a diversity of medical experts in all 50 states.

"People are here to help you. They give you advice and let you know what you need to know, especially the things that you would never think of until AFTER you need them. Thank you 1-800Accountant."

John C.

November 2024, Trustpilot

Actual customer testimonial. Photo is illustrative only.

Getting started is easy and free.

Connecting with 1-800Accountant, experts in medical accounting, is easy and free. Here's what to do:

1. Select a convenient date and time within your schedule to speak to one of our professionals.

2. Tell us about your medical practice's goals and challenges during this 30-minute call, a $199 value.

3. Once fully onboarded, we’ll create a year-round tax strategy to combat and resolve challenges and match you with an accountant experienced in serving the distinct business needs of your medical practice, ensuring a minimal annual tax burden.

Specialized Accounting Solutions for Doctors and Medical Professionals

Tax Preparation and Filing
Sales Tax Compliance
Tax Advisory
Quarterly Estimated Taxes
Medical Bookkeeping Services
Entity Formation

Tax Preparation and Filing

We do your tax planning and filing by identifying every deduction you’re entitled to and ensuring your medical practice is optimized.

Accounting for Doctors and Medical Professionals FAQs

How do I choose the right accountant for my medical practice?

Consider a prospective accountant's experience, credentials, services, and pricing. 1-800Accountant offers a suite of professional accounting services to medical practices in all 50 states. Our CPAs have more than 17 years of experience on average.

What are the common accounting challenges faced by medical professionals?

Aspects of a medical practice's cash flow can present common accounting challenges, such as accounts receivable. Collecting late payments from patients and third parties and chasing unpaid bills is inefficient and can impact operations. Consistent monitoring of accounts receivable, combined with other tactics, ensures prompt, consistent payments to your practice.

How can an accountant help maximize tax deductions for my medical practice?

Tax deductions reduce your medical practice's taxable income. Your dedicated team will select every eligible tax deduction when you trust 1-800Accountant with your medical practice's complex financial work.

How often will I meet with my accountant to review my finances?

Your accountant will primarily communicate with you through messaging and calls. Messages are sent and received via your 1-800Accountant Client Portal, typically within 24-72 hours. You can schedule a monthly call to discuss financial statements, ask questions, and address pressing concerns. Additional calls with your dedicated team can be scheduled as needed.

Can 1-800Accountant support multiple income streams, like private practice and consulting?

1-800Accountant supports a diversity of financial scenarios and situations, including private practice and consulting income streams. Schedule a call with one of our small business experts, typically 30 minutes or less, to learn how we can support you with financial services that save time and ensure compliance no matter the complexity.

What qualifications should I look for in an accountant for healthcare professionals?

Look for a prospective accountant's certifications and licenses, such as whether they're a Certified Public Accountant (CPA). The CPA license is considered the gold standard certification for accountants. To obtain a CPA license, an accountant must pass the CPA exam and then acquire a certain number of hours of professional work experience while supervised by another CPA. After obtaining a CPA license, the accountant must complete 40 hours of continuing education annually.

How can 1-800Accountant assist with practice management and financial planning?

Our affordable, year-round tax advisory service ensures compliance, minimizes tax liabilities, and is the key to strategic practice management and financial planning for your medical operations.

How can an accountant help with financial compliance and regulatory issues in healthcare?

1-800Accountant's experienced professionals promote financial compliance and address regulatory issues impacting your medical practice by implementing practices and protocols, such as medical billing and transparent reporting, that ensure you adhere to applicable laws and regulations.

What other services does 1-800Accountant offer doctors and medical practices?

We offer a suite of professional accounting and tax services for doctors and medical practices in all 50 states. Our scalable services, powered by a combination of human experts and technology, include business formation, EIN filing, business tax preparation and filing, tax advisory, audit defense, quarterly estimated taxes, bookkeeping, and payroll.

Learn How Our Accounting Services Can Streamline Your Operations

Healthcare professional at a desk with a laptop and coffee, reviewing documents, with text overlay about tax deductions for doctors.

Speak to our experts about our robust financial services for your medical practice today!

Work with the professionals at 1-800Accountant to get the most out of your medical practice. All it takes is a quick call to get started!

*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.

**Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.

***Historical first-party data.