Medical, dental, and veterinary professionals face a unique set of challenges. While corporations in the medical, dental and veterinarian industries require the same financial reporting and tax strategies as other businesses, these professionals must also adhere to the individual requirements set out by their respective professional colleges. Ensuring your corporation partners with a knowledgeable accounting and advisory expert will be essential for the long-term success of your corporation.
At McCay Duff LLP, our team of highly skilled accountants have been serving doctors, dentists, and veterinarians, as well as corporations associated with the medical, dental and veterinarian industries for decades. As a result of our well-honed financial insights into these specialized industries, we have a distinct knowledge of the requirements from a financial ownership and reporting perspective for each of the professional colleges in these industries.
Ottawa Accountants Offering a Full Range of Accounting and Advisory Services.
At McCay Duff LLP we take the time to build important and long-standing relationships with our clients, so we can best guide them through every step of their business’ lifecycle. Are you just starting your practice and looking for assistance in the initial setup of your corporation? Is your business established, and you are seeking strategies to take your practice to the next level? Are you ready to step back, and you considering estate and succession planning solutions? Our team at McCay Duff LLP has the professional knowledge to build a tailored approach to meet the specific needs of your corporation.
Specialized Industry Expertise
At McCay Duff LLP, we take pride in cultivating long-standing relationships with our clients, built on respect and loyalty. We understand the tremendous amount of work that goes into building your practice, and how stressful it can be to navigate the complexities of meeting regulatory requirements while developing effective business and tax planning strategies.
Our team of accounting and tax experts will provide year-end financial statements and corporate tax filings, while also offering tax and business planning strategies that keep the specific requirements of each of the colleges in mind. In addition, our team can recommend, review, and provide comments on upcoming opportunities that would be beneficial to the success of your business.
Tailored Financial Advice for All Stages of Your Business
Many medical, dental, and veterinary professionals are bombarded with decisions as to how to best grow their practice. Do I join a family practice, or remain independent? As a specialist, what is the best route to follow in terms of future income potential? Ensuring you choose the opportunity that best suits the needs of your corporation means partnering with financial advisors who will guide you through long-term solutions from the beginning stages. Knowledgeable, experienced, and reputable, our team will bring a wealth of invaluable information for medical, dental and veterinarian professionals to help you achieve success.
Initial Corporate Set Up
At McCay Duff LLP, our expert advisors have worked with clients in the medical, dental and veterinarian industries for decades. When it comes to the initial set-up of their business, our team will guide clients through the process of analyzing the viability of various structures and selecting the option that best meets their personal, financial, and professional objectives. Whether you are considering buying a practice or building your own from the ground up, our team can assist with the preparation of cash flow projection, business plans and financing opportunities. Our consultants guide you through determining the optimal structure for your corporation to provide the most advantages in terms of tax, as well as design a corporate structure for your business that works not only for today, but also for many years to come.
Strategies for Established Medical, Dental, and Veterinary Professionals
As your corporation grows, we act as a valued business partner, providing annual filings and financial reports, while satisfying the unique requirements of your industry college. We advise on opportunities presented to you while helping you to avoid potential hazards. When you work with our trusted staff, you can be assured that you are getting the best financial advice to take your business to the next level.
It is our experience that as your business grows, your accounting and advisory needs may change. You may find yourself in a position where you need more support than what you have experienced from your existing accounting team. Not only do we have the resources and infrastructure to meet the needs of your growing business, we are also up to date on the laws and regulations for your specialized industry.
Business Succession and Estate Planning
Estate planning and business succession are a critical components of a successful business strategy. When the time comes and you are ready to step back from your business, having a comprehensive plan already in place will ensure a smooth transition. Whether you are considering selling your practice or transferring it to the next generation, our experience and industry expertise will help you develop an exit strategy with the most advantageous tax implications that are available.
Contact McCay Duff LLP in Ottawa for Accounting and Advisory Services for Medical Professionals
The experienced accountants and financial advisors at McCay Duff LLP are well versed in meeting the unique financial requirements for professionals in the medical, dental and veterinarian industries. We take pride in building long-standing relationships with our clients to help them achieve long-term success. We work with doctors, dentists, and veterinarians, offering comprehensive business and tax planning strategies throughout the lifecycle of their business.
To learn more about how the Chartered Professional Accountants at McCay Duff LLP can assist you or your business, please contact us online, or by telephone at 613-236-2367 or toll-free at 1-800-267-6551.