Managing the financial aspects of a medical or dental practice requires precision, specialized knowledge, and a proactive approach. Healthcare professionals face a unique set of financial challenges, from staying compliant with complex regulations to managing high overhead costs and planning for growth. At Sundack CPA, we provide comprehensive accounting services tailored to the needs of medical and dental practices. By partnering with us, you gain access to decades of industry-specific expertise, proven strategies, and cutting-edge tools designed to optimize your practice’s financial health and success.

Whether you’re a solo practitioner, part of a group practice, or managing a specialty office, we are here to ensure your financial operations run seamlessly. Our personalized approach helps healthcare professionals minimize tax liability, streamline operations, and focus on what truly matters: delivering exceptional patient care.

GET STARTED WITH SUNDACK TODAY!

 

At Sundack CPA, your success is our priority. We’re not just expert CPA's —we’re your financial partners, committed to helping you grow and thrive. 

Ready to see the Sundack CPA difference? Connect With Us Now!

Questions? Let's Connect

Why Choose a Specialized CPA for Medical and Dental Practices?

Navigating Industry-Specific Challenges

Medical and dental practices face unique accounting hurdles that general CPAs may not be equipped to handle. For example, compliance with regulations such as HIPAA, labor laws, and IRS guidelines is crucial for avoiding penalties. These regulations impact how your practice handles payroll, employee benefits, and data management. Additionally, practices must carefully manage high overhead costs, including salaries, equipment, supplies, and rent, while ensuring their profit margins remain healthy. Sundack CPA specializes in identifying inefficiencies in these areas and implementing solutions that drive profitability.
 
Another major consideration is tax deductions. Medical and dental practices qualify for numerous industry-specific deductions that can significantly lower their tax liability. These deductions may include expenses related to medical equipment depreciation, continuing education, office supplies, and employee benefits. Sundack CPA’s proactive tax planning ensures no opportunity is overlooked.
 

Saving Time and Reducing Stress

Healthcare professionals juggle demanding schedules that leave little room for administrative tasks like bookkeeping or tax preparation. By outsourcing your financial management to Sundack CPA, you free up valuable time to focus on patient care and strategic growth while gaining peace of mind that your finances are in expert hands.
 

Customized Financial Solutions

Every practice is unique, with distinct goals, patient demographics, and financial structures. At Sundack CPA, we don’t believe in cookie-cutter solutions. Instead, we tailor our services to align with your specific needs, helping you address immediate challenges while planning for long-term success.
GET STARTED WITH SUNDACK TODAY!

 

At Sundack CPA, your success is our priority. We’re not just expert CPA's —we’re your financial partners, committed to helping you grow and thrive. 

Ready to see the Sundack CPA difference? Connect With Us Now!

Questions? Let's Connect

medical and dental practice accounting

Comprehensive Medical and Dental Practice Accounting Services We Offer

At Sundack CPA, we offer a full range of accounting and financial services specifically tailored to the needs of medical and dental practices. Each service is designed to address the unique financial challenges faced by healthcare professionals, ensuring compliance, efficiency, and long-term success. Here’s an in-depth look at the specialized services we provide:

Financial Reporting for Medical and Dental Practices

Accurate and timely financial reporting is critical to the success of any practice. At Sundack CPA, we provide detailed and customized financial reporting solutions that help you gain a clear understanding of your practice’s financial performance.
  • Comprehensive Reports: We deliver profit and loss statements, balance sheets, and cash flow reports tailored to your practice, providing a holistic view of your financial health.
  • Real-Time Insights: Our financial reporting tools allow you to track key performance metrics, such as revenue per patient, overhead costs, and staff productivity, enabling you to make informed business decisions.
  • Customized Dashboards: We design easy-to-read financial dashboards specifically for medical and dental professionals, offering insights into the areas that matter most to your practice.
  • Regulatory Compliance: Our reporting ensures full compliance with healthcare-specific regulations, including HIPAA and other financial reporting standards.

Tax Planning and Preparation for Medical and Dental Practices

Taxes are one of the most complex aspects of running a medical or dental practice. Our tax planning and preparation services ensure that you stay compliant while minimizing your tax liability.
  • Strategic Tax Planning: We work year-round to develop proactive strategies tailored to your practice. This includes identifying deductions specific to medical and dental providers, such as those for equipment depreciation, continuing education, and facility expenses.
  • Optimized Tax Savings: We specialize in uncovering every possible deduction and tax credit available to your practice, helping you retain more of your hard-earned revenue.
  • Compliance Expertise: Our team ensures that you meet all IRS and state requirements, reducing the risk of audits and penalties.
  • Multi-State Tax Management: For practices operating in multiple states, we handle the complexities of multi-state tax filing and compliance.

Tax Resolution Services for Medical and Dental Practices

If your practice is dealing with tax issues, Sundack CPA offers expert tax resolution services to help you navigate and resolve even the most complex situations.
  • IRS Representation: We act as your advocate when dealing with the IRS, representing your interests in audits, disputes, or other inquiries.
  • Back Tax Assistance: If your practice owes back taxes, we create manageable repayment plans and negotiate settlements on your behalf.
  • Penalty Abatement: Our team works to reduce or eliminate penalties assessed by the IRS, helping you avoid unnecessary financial burdens.
  • Tax Compliance Review: We conduct thorough reviews of your past filings to identify errors or missed opportunities, ensuring your practice is in full compliance moving forward.
  • Peace of Mind: With Sundack CPA handling your tax issues, you can focus on running your practice without the stress of unresolved tax matters.

Expert Accounting Services for Medical and Dental Practices

At Sundack CPA, we understand that medical and dental practices require specialized accounting services that go beyond traditional bookkeeping. Our expert accounting solutions are tailored to support the unique financial operations of healthcare providers.
  • Practice-Specific Chart of Accounts: We design customized accounting systems that reflect the specific financial structure of your practice, ensuring precise tracking of revenue and expenses.
  • Expense Categorization: We categorize expenses in a way that helps you better understand your spending patterns and optimize cash flow.
  • Monthly Reconciliations: Our team performs detailed account reconciliations to ensure your books are accurate and up-to-date.
  • Consultative Support: We provide guidance on complex accounting matters, such as cost segregation for large purchases, depreciation schedules, and revenue recognition.

Payroll Services for Medical and Dental Practices

Managing payroll for a healthcare practice is a complex task due to varying staff roles, benefits, and compliance requirements. Sundack CPA simplifies this process with tailored payroll services that ensure accuracy and compliance.
  • Complete Payroll Processing: From calculating salaries to handling deductions and benefits, we manage every aspect of payroll so you don’t have to.
  • Staff-Specific Expertise: We understand the unique payroll needs of medical and dental practices, including salaried professionals, hourly staff, and independent contractors.
  • HIPAA Compliance: Our payroll processes are designed to maintain HIPAA compliance, ensuring the confidentiality of employee data.
  • Labor Law Compliance: We stay up-to-date on federal and state labor laws, ensuring your practice remains compliant and avoiding costly penalties.
  • Direct Deposit and Automation: We provide efficient direct deposit solutions and automated payroll systems, saving you time and minimizing errors.
GET STARTED WITH SUNDACK TODAY!

 

At Sundack CPA, your success is our priority. We’re not just expert CPA's —we’re your financial partners, committed to helping you grow and thrive. 

Ready to see the Sundack CPA difference? Connect With Us Now!

Questions? Let's Connect

medical and dental practice accounting

The Sundack CPA Advantage

What sets Sundack CPA apart from other accounting firms? It’s our specialized expertise, advanced tools, and commitment to your success. Here’s why medical and dental professionals trust us:

Industry Expertise
With decades of experience working with healthcare and dental practices, we understand the nuances of your industry. Our team is well-versed in tax laws, compliance requirements, and financial strategies specific to your field.

Tailored Solutions for Practices of All Sizes
Whether you’re a solo practitioner or part of a large group practice, we offer customized services designed to meet your unique needs and goals.

Advanced Technology for Streamlined Financial Management
We leverage cutting-edge accounting software to provide real-time insights and ensure accuracy. Our tools make financial management seamless, giving you peace of mind.

Proven Track Record
Our clients have seen measurable results, from significant tax savings to improved profitability. We’re proud to share their success stories as a testament to our expertise.

Growth and Profitability Consulting For Practices

To achieve long-term success, you need a clear financial strategy. Our consulting services include:

  • Forecasting and Budgeting: Develop a roadmap for growth with accurate financial projections.
  • Overhead Analysis: Identify areas where you can reduce expenses without compromising quality.
  • Profitability Optimization: We analyze your revenue streams and provide strategies to boost your bottom line.
GET STARTED WITH SUNDACK TODAY!

 

At Sundack CPA, your success is our priority. We’re not just expert CPA's —we’re your financial partners, committed to helping you grow and thrive. 

Ready to see the Sundack CPA difference? Connect With Us Now!

Questions? Let's Connect

Accounting for solopreneurs

Reliable Books, Stable Strategy,
Excellent Advice

With exceptional bookkeeping, accurate tax preparation, and smart forecasting for the future, we map out a path towards your business targets and lifelong goals

GET STARTED WITH SUNDACK TODAY!

 

At Sundack CPA, your success is our priority. We’re not just expert CPA's —we’re your financial partners, committed to helping you grow and thrive. 

Ready to see the Sundack CPA difference? Connect With Us Now!

Questions? Let's Connect

Medical & Dental Accounting Frequently Asked Questions

Sundack CPA’s approach is focused on driving measurable outcomes for your practice. We’ve helped clients across the healthcare and dental industries achieve their financial goals, whether it’s reducing tax burdens, streamlining operations, or increasing profitability. By combining deep industry expertise, advanced technology, and a client-focused approach, we ensure that your practice’s financial operations are not only efficient but also optimized for growth and profitability. Whether you’re looking to reduce taxes, improve cash flow, or resolve financial challenges, Sundack CPA is your trusted partner every step of the way.

Here are some FQ's to help along the way: 

What makes accounting for medical and dental practices different?
Accounting for medical and dental practices involves navigating complex regulations, managing high overhead costs, and identifying industry-specific tax deductions. These factors require specialized knowledge that general CPAs may lack. Sundack CPA’s expertise in healthcare accounting ensures your practice’s finances are managed efficiently and in compliance with all regulations.
How can Sundack CPA help me save money?
Our proactive approach to tax planning, expense management, and overhead analysis helps clients minimize tax liability, reduce unnecessary expenses, and improve profitability. By identifying opportunities for savings that others may overlook, we ensure your practice keeps more of what it earns.
Do you work with practices of all sizes?
Yes! Sundack CPA provides services tailored to practices of all sizes, from solo practitioners to large group practices. Our solutions are scalable and designed to meet your unique needs.
How do you ensure compliance with regulations like HIPAA?
We prioritize compliance in all aspects of our services. From payroll management to financial reporting, we ensure your practice adheres to HIPAA, labor laws, and IRS guidelines. Our team stays informed of regulatory changes to keep your practice protected.
What tools do you use to manage finances?
We use advanced accounting software to provide accurate bookkeeping, real-time financial reporting, and streamlined payroll processing. These tools allow us to deliver data-driven insights and efficient solutions for your practice.
Can you help my practice plan for growth?
Absolutely. Our consulting services include forecasting, budgeting, and profitability analysis to help your practice achieve long-term success. Whether you’re looking to expand, add new services, or improve cash flow, we’ll develop a plan tailored to your goals.
How do I get started with SUNDACK CPA?

Schedule Your Free Consultation Today

Sundack CPA is your trusted partner for medical and dental practice accounting. Our specialized services, proven expertise, and commitment to client success make us the ideal choice for healthcare professionals seeking reliable financial management.
 
Contact us today to schedule a free consultation or request a customized financial analysis.

SUNDACK CPA

WRITTEN BY TAX PROFESSIONALS

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