Best Accounting Tips for Medical Practices

Best Accounting Framingham MA

Being a physician is not only about patient care, but it is also a profitable career. New medical professionals start with a small practice in hopes of growth within 5 years. Setting financial goals is important to help you succeed. However, reaching your goals requires financial guidance from a healthcare accounting firm, such as Ash Dental CPA. We offer an array of accounting solutions to help grow practices of different sizes and dynamics. Your success is important to us, so we compiled accounting tips to help. Read more below and contact us today.

Adoption of Accounting Software

In most cases, you may be enticed to use a spreadsheet as it is cheaper and easy to use but this is only a short term solution. This old fashioned method of accounting will be costly and cumbersome in the long run. It can significantly interfere with your ability to audit information and arrive at well-informed forecasts for the future.

Best Accounting Framingham MA

 The use of accounting software for medical practices is often overlooked, but it is significantly crucial. With the right  software, you will be able to:

  • Share information instantly with your accountant via the cloud
  • Perform simpler financial tasks
  • Learn about your profits and losses with accurate data
  • Complete easier tax returns

Accounting software will require an understanding of financial terms. Below are a few common ones.

Cash-Basis Accounting

In this method of accounting, receivables are accounted for when payments are received while expenses will be accounted for when payments have been made. Consequently, this is the best type of accounting solution for medical practices. With this method, the physician will receive their payments on a fixed schedule after all the expenses have been settled. However, the practice manager has to consider other expenses such as malpractice insurance, which are usually paid quarterly.

Accrual Accounting

Instead of accounting for expenses when they have been paid for, the practice will account for them as they incur. In other words, expenses are deducted from the revenue before the actual payment is processed. Some practices prefer this to assure the most accurate profit and loss data.

Schedule Profit And Loss Statements

Medical practitioners need to generate profit and loss statements. By doing so, they will be able to find out the financial health of their practice.  Other than just identifying disparities and validating daily records, profit and loss statements will give a better understanding into where money can be invested in the business.

Although it is highly overlooked, profit and loss statements can prove to be a valuable and powerful accounting tool in your practice.

Partner with the Best 

By partnering with the best professional accountants, you are assured the liability and burden that comes with the practice will be removed. This will enable you to fully focus on delivering quality services to your patients.

At Ash Dental, we offer workable, scalable and fully customized services that include tax preparation, bookkeeping, and accounting. Schedule a complimentary consultation today. Call (508) 458-6789 or book online. Additionally, you may visit us at 945 Concord Street #100A Framingham, MA 01701. We look forward to meeting you.

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Why Doctors Need Healthcare Accountants

Healthcare Accountants Framingham MA

It is essential for medical professionals to employ accountants and tax agents that have considerable experience in working with the medical industry. With various developments taking place within the medical profession, doctors need accountants that can offer financial advice to profit from their practice but still abide by current tax laws and regulations. If not, penalties and other losses can occur.

Doctors can be faced with complex tax systems that are full of regulations and require filling within a restricted timeline. They are also needed to be well-informed of all the current legislative changes. Therefore, healthcare accountants are needed for their financial services. One of the primary services that accountants provide is financial planning. This service enables medical practitioners to always be financially ahead and focus their time on providing quality patient care. 

healthcare accountants framingham ma

Benefits of Hiring Healthcare Accountants

Determine Your Tax Code

Healthcare accountants will help you to determine the correct tax code that you are supposed to fall in. You may not be aware of it, especially if you are on pay as you earn (PAYE) income. Furthermore, the accountants will be resourceful as they know the specific deductions to be claimed as medical practitioners are instinctively vulnerable to high tax requirements. With their help, you will be able to identify the correct tax code and pay for it on time, which will help you avoid hefty fines from the taxman.

Reduce Tax Obligations and Maximize on Tax-Saving Opportunities

Without the help of healthcare accountants, it may be hard for medical practitioners to properly structure their affairs, making it difficult to file their tax returns. They may also have other sources of income which may not be linked with their practice making them file taxes twice, which may be costly to them. However, with the help of a professional accountant, they will be able to find a solution and incorporate the different sources of income such as operating under a limited company that will be tax-efficient and helps save money. 

Successful Business Planning

Commonly, accountants knowledgeable in the medical field offer business advisory strategies that are relevant to the industry. Some of the strategies may include financial and staff management, efficient billing, and management of cash flow and property management. In other words, these strategies, if implemented correctly, will optimize the business in all areas and increase profits.

Contact Us

Learn more about healthcare accountants with Ash Dental CPA. The firm has over 20 years of experience assisting medical professionals and their practices. New clients are always welcome to book a complimentary consultation. Call (508) 458-6789 or book online. Moreover, you may also visit us at 945 Concord Street #100A Framingham, MA 01701. We offer a wide range of financial solutions for medical professionals. 

hire a healthcare cpa framingham ma

How to Hire a Healthcare CPA

Hire a Healthcare CPA Framingham MA

The health of your finances is directly connected to the health of your healthcare entity. Taxing is a common healthcare issue and many healthcare institutions would love to pay their taxes without much of a hustle. They would also like to save money from taxes as well as have other financial issues taken care of. Therefore, it makes sense that you would want to hire the right professional to take care of your bottom line and hiring a CPA with knowledge and experience regarding healthcare finances is a good way to help your business grow. Read on to find out how to hire a healthcare CPA.

hire a healthcare cpa framingham ma

Figure out your needs

First things first, what are your healthcare’s specific accounting needs? Are you in need of someone to process your sales invoices and accounts payable, do taxes and payroll, or create your financial statements and budgets? Before you go out looking for a CPA, come up with a list of services that both you and your healthcare need now and also later on down the road. After that is done, find a CPA that can handle all of it. 

While making the list, remain aware that revenue alone does not always determine your business’s accounting needs. If you have a high-end business that makes few but loaded transactions every month, and that is the case with your healthcare facility, it does not mean that having a full-time accounting help is necessary. However, if your healthcare facility has a lot of transactions and inventory to keep up with daily, then you will likely need a frequent as well as comprehensive service. 

Know the kind of person you connect with best

The chances of you communicating and interacting with your new CPA on a regular basis are high. Therefore, you have to like whomever you chose to take over your financial books. Since they will be a crucial part of your business, ensure that you have shared values and can also easily work together. Keep in mind that even if the CPA you hire will not always be physically in your office, they are part of your team. Other key factors to look out for while hiring the right CPA include their accounting background, traits as well as personality, all of which will determine how you connect with the person.

Hire a CPA who has the most experience with your industry

There are CPAs who have specialized in specific industries, healthcare included, and there are also others who work in many different sectors. While so many CPAs can handle finances from any industry, it is important for you and your business to hire someone who is more familiar with handling the financial issues of your industry. This is because the more they know about your business and industry at large, the more they will positively help you strategize and grow other than just crunching the numbers.

Also, choose a CPA that is eager to work with you and appreciates you and your business. Look out for warning signs such as slow response time. Additionally, if the CPA you are considering has so many clients, think about whether they are capable of giving you the personal attention you require or not. 

Choose a CPA who does financial analysis

The most important factor to consider when hiring a healthcare CPA is to focus on the right qualifications. A good CPA must be able to review your general financial health. Ideally, on a day-to-day basis, you should be able to get key financial health indicators such as net profit, gross profit margin, aging accounts receivables and so on. This is because the more relevant information you have, the more your business decisions will be informed. 

Learn More

Finding the right Healthcare CPA to handle your finances lets you focus on other important aspects of your practice. Discover how Ash Dental CPA can help. We have over 20 years of experience assisting medical professionals. Learn how your practice can grow with a complimentary consultation.  Call (508) 458-6789 or book online. You may also visit us at 945 Concord Street #100A Framingham, MA 01701.

best healthcare cpa framingham ma

How to Find the Best Healthcare CPA

Healthcare CPA Framingham MA

Your healthcare entity shouldn’t have to be wealthy for you to seek the benefits of hiring a CPA. You might feel like preparing your own taxes is taking a lot of your time or it is just too stressful or confusing. Maybe, your healthcare’s tax situation is complex or it has changed so much that you need specialized advice or tips, or you are facing problems like paying off a tax debt or filing back taxes or even fighting an IRS audit. All these may require professional help such as from a CPA (Certified Public Accountant). Finding the best CPA for your healthcare shouldn’t be a challenge. Here are the best ways on how to find the best healthcare CPA.

best healthcare cpa framingham ma

Referrals 

Referrals are most times your best bet. They can come from anyone; your friends, family, professionals like financial advisors, business owners and attorneys. Explain what you are looking for and why so that you can help them steer you in the right direction. Referrals are also a great way to know what you are getting yourself involved with, whether the CPA has a good reputation, experience and is dependable. 

Interviews

Interviews are also a great way of finding the best CPA with particularly the experience you might be looking for. Also, you don’t want to commit your healthcare finances to someone you don’t know. Interviews allow you to meet with the professional first to go over your situation and to also ask the relevant questions. It doesn’t have to be physically; you can even do it over the phone. Just as you would do when you are thinking of hiring new staff to your healthcare, request for references and reach out to those references. 

Experience

Whether it’s from interviews or referrals, find a CPA who has experience in dealing with finances similar to your own, in this case, healthcare. Also, look for someone who has experience in the specific areas in which you need assistance such as handling taxes and dealing with audits. However, how do you know that the person you are hiring has the right experience that is suitable for your needs? The best way to do this is to ask. Give them the chance to explain to you their professional experience and how it relates to what you are trying to achieve. 

Mutual Understanding

Understanding is key in any profession or business. Understanding translates to open communication which is another critical factor. The CPA you hire has to learn what you do and what your business entails before he gets started. Also, he has to walk you through his accounting process and set clear expectations as well for both parties. Additionally, go for a CPA who is eager to work with you and also appreciates your business. Also watch out for the availability and response time of the CPA, since if it is slow then it could be a warning sign for a noncompliant person.

Perform a Background Check

A background check is a good precaution and it could be as simple as searching the CPA’s name on social media to know what is there, what he says as well as what other people say about him. Additionally, you can go extra and contact your state’s board of accountancy to check their CPA’s license status or to find out if they have been censured, disbarred, or has had a disciplinary action taken against them in the past. You might also want to get in touch with your local chamber of commerce for more clarification. 

Contact Us

If your healthcare practice’s finances are getting in your way of working effectively, avoid doing it yourself. Contact Ash Dental CPA for a complimentary consultation. We have over 20 years of experience assisting healthcare practitioners. New clients are accepted. Call (508) 458-6789 or book online. You may also visit us at 945 Concord Street #100A Framingham, MA 01701.

Healthcare CPA : 3 Reasons Why You Need a Healthcare CPA

Healthcare CPA Framingham MA

An experienced Healthcare CPA undertakes all the financial issues while carrying out your medical or dental practice, therefore, eliminating financial risk factors. Hiring a certified public accountant for your medical and dental practices is always an important decision for the growth of your medical practice. Employing a certified public accountant for your healthcare practice is of paramount importance in various ways as described below.

healthcare cpa framingham ma

Provide Reliable Financial and Investment Advice

Hiring a certified accountant is important because he or she guarantees that the advice you are receiving from him or she is correct and well informed on financial matters. A CPA can pinpoint and advice on opportunities that can assist streamline your medical and dental practice. In addition also advice on opportunities where you can reduce expenses and save money. A CPA that specializes in the medical field fully understands the issues surrounding the medical field of accounting, and thus, they are able to provide financial advice from a medical perspective. When selling or buying your medical or dental facilities the accountant is able to reorganize your financial records and generate clear account statements showing potential buyers of facility viability.

In addition, a certified accountant will provide advice on your medical practice’s legal structure and help you decide wisely. Once you want to invest in other areas of medical practice or expand, an accountant will advise you on how to transact with other medical practice partners. A certified accountant also provides advice on income and expenses trends, financial commitments for credit facilities as well as returns on investments. A CPA also offers planned recommendations for particular financial problems.

Prepare Financial Reports

A certified accountant undertakes financial tasks such as collecting, recording, analyzing and presenting accurate financial information, to assist the medical practice in operations and future decisions. Based on analyzed and compiled financial information, a CPA prepares monthly and annual financial statements to show financial position and profitability. An accounting officer uses financial reports to develop, implement and operate a medical facility using such software such as Excel.

Work with External Parties

An accountant works with medical practice stakeholders such as tax authorities, investors, lenders, surrounding community and employees. A CPA provides information to external parties such as investors for investment decisions. An accountant ensures the tax filing process is carried out efficiently by ensuring financial information is organized and ready during the tax filing period. External parties use a financial accountant to record and examine financial information of the medical practice. 

Also, a CPA works with a government tax authority that analyzes and maintains company financial records in relation to tax policy and government rules. An accountant helps your medical practice to abide by all tax and regulatory requirements. A Healthcare CPA, also convinces lenders and investors that your medical practice has the capability to repay. For example, they will provide financial data and expenditure projections based on current and previous financial performance.

Learn More 

Contact Ash Dental CPA to book a complimentary consultation. Our team has over 20 years of experience assisting doctors and dentists. Call (508) 458-6789 or book online. You may also visit us at 945 Concord Street #100A Framingham, MA 0170.

Healthcare bookkeeping framingham ma

Healthcare Bookkeeping Framingham: How Bookkeeping Benefits Your Practice

Healthcare Bookkeeping Framingham MA

Healthcare bookkeeping is the practice of recording business transactions to generate accurate accounting information about turnover, expenses, assets, liabilities, and equity. Maintaining accurate bookkeeping provides many benefits. For example, accurate financial data is useful for medical professionals to make executive decisions such as investments and hiring more staff. Learn more about healthcare bookkeeping below.

Healthcare Bookkeeping Financial Management

Maintaining accurate up to date bookkeeping ensures your healthcare practice can operate seamlessly. Without bookkeeping, you would not know about your practice’s current financial health. In other words, bookkeeping sets the healthcare practice on the right path for financial achievement.

Revenue Optimization

Accurate bookkeeping helps your healthcare business to reduce expenses and implement strategies that increase profit. This is possible with accurate monthly reports that your accountant reviews. Upon his or her findings, short and long term goals are created for financial success.

Budgeting

Bookkeeping is important because it helps health care practice in the budget forecast. Budgeting helps in planning your costs and allocates appropriate resources.  Budgeting enables you to keep your health care practice’s costs to a minimum to be able to meet your targeted profits without compromising quality. Health care practice can use the weekly, monthly or annual budget to plan the costs.  Bookkeeping assists to determine which budget frequency is suitable for your health care practice.

Medical Practice Payroll

Bookkeeping assists you with staff payroll and scheduling. Staff planning and remunerating too many employees can generate unmanageable overheads and reduce profits. The small number of employees can result in delays in the delivery of services and can cause the patients to run to new health care providers. Staff in medical practice are often required to work overtime to make sure patients are properly cared for. Bookkeeping includes confirming the payroll numbers for example staff overtime payments.

Cash Flow Forecasting

Bookkeeping improves your cash flow by providing information which may be required to enhance better cash flow management in your medical practice. For example, reducing the amount of time spent by patients to make payments. Regular bookkeeping will enable your health care practice track when your supplier’s invoices are paid. Bookkeeping information advice on daily or weekly cash flow projections to be able to meet your medical practices needs. Weekly cash flow projections enable you to plan in advance when money inflows are less compared to money outflows. This enables the medical practice to meet its obligations such as paying it staffs and suppliers on time

Contact Us

Healthcare Bookkeeping Framingham MA

Operating a successful growing practice requires accurate financial reporting. Fortunately, Ash Dental CPA offers healthcare bookkeeping services. Learn more by contacting Ash Wasilidas CPA today. He has over 20 years of experience assisting healthcare practices of all sizes. Clients may call (508) 458-6789 or book online. Moreover, you may also visit us at 945 Concord Street #100A Framingham, MA 0170.

Ash Dental CPA Proudly Serves Healthcare Practices in:

Ashland

Framingham

Holliston

Hopkinton

Marlborough

Midfield

Natick

Northborough

Sherborn

Southborough

Sudbury

Wayland

Wellesley

Westborough

Weston

 

business consultant framingham ma

How Does a Business Consultant Benefit Your Dental Practice?

Who is a Business Consultant?

A business consultant is a professionally trained and qualified person in business management. The role includes liaising with business entities, which involves strategizing, business planning, and solving business-related challenges. Likewise, the consultant develops and implements business strategies for the entire organization. The knowledge and skills assure the business achieves set goals and objectives to obtain success. Learn why a business consultant benefits your dental practice below.

business consultant framingham ma

A dental practice is run and operated just like any other business entity. The objective and goal of dentists are to make a profit while providing the best services to their clientele. Whether running a dental hospital or clinic, the operations should align in ways that guarantee success. Some firms dealing with dental practice have not been successful in their activities, and the reason for failure or lack of progress might not be apparent. If you are a dentist running a dental practice business or looking to set-up one, there is a need to seek the services of a consultant to guide you through a successful business path.

Traits of a Business Consultant

If you are in dental practice, there are some traits to check out for before settling on a particular business consultant to offer you business management tips. Qualities of an appropriate consultant include the following;

  • Vast expert knowledge and experience on matters business and consultancy, with a successful track record and a good reputation
  • Possess excellent communication skills and the ability to articulate issues with confidence
  • Show professionalism, be friendly and conversant with dental practice trends
  • Analytical approach in matters business and able to offer solutions to business-related problems

Likewise, a consultant exemplifying the above-stated attributes will be able to provide expert opinion on business matters. in addition, they will provide solutions for dental practice business-related challenges.

Benefits

Overall, there are various roles of a consultant in a dental practice business, but their functions relate to the success of the business entity. The benefits of hiring a business consultant in a dental practice include the following;

  • The consultant will help in strategizing possible ways of business growth, customer satisfaction and profit making for the dental practice business. Strategizing includes offering business advice, especially matters related to dentistry, monitoring and evaluating customer needs and preferences.
  • Help in the structure of the management team including offering advice on the most appropriate employees to hire and their qualifications. The dental practice structuring will help in hiring only the required staff, cutting down on expenditure and improving service delivery and customer satisfaction.
  • Help in planning of the organization, which involves expert advice on the type of equipment and items to purchase, concerning the purpose and cost. Business planning will help in cutting down cost in the purchase of unnecessary equipment and items for the business
  • Advice on the creation of a safe and friendly working environment which might include staff motivation, advice on the importance of teamwork and time management.
  • Offer advice on financial management, which will, in the long run, ensure that the business cuts down on unnecessary costs and expenditure and focuses on profit-making initiatives and customer satisfaction

Hiring a business consultant for your dental practice has numerous benefits. Learn more by contacting Ash Dental CPA. Call (508) 458-6789 or book online. Moreover, you may also visit us at 945 Concord Street #100A Framingham, MA 0170.

cpa for dentists framingham ma

Why You Need a CPA for Dentists

CPA for Dentists Framingham MA

Many people view a dental practice as only related to offering service to patients. However, a dental practice is a business, just like any other. Although the initial goal of the dentist is to offer service, help you maintain a healthy and beautiful smile, the dentist also needs to make a profit from their profession.

cpa for dentists framingham ma

The dental office is set up just like any other business entity. There are expenses to incur and other legal and statutory regulations to maintain. Like any other business, the financial and accounts department is vital to the success of the dental clinic as a business entity.  Handling the finances of the company without the requisite accounts and financial knowledge can be disastrous. To avert the crisis of business failure, it is, therefore, crucial for the dentist contract the services of a certified public accountant.

Attributes of a CPA

As a dentist, before settling on any particular certified public account, ensure that they are certified, licensed and registered with the relevant regulatory bodies within your locale. The CPA for dentists should also exhibit all the necessary attributes of a profession, with a successful track record from their previous business engagements. Likewise, the professional should have knowledge of current trends in the dental industry. Finally, the CPA should affirm their commitment, dedication and focus on their role in the business organization.

Importance of a CPA for Dentists

The Certified Public Accountant for dentists pays an essential and vital role in the success of the entire business entity that is the dental clinic. The three main reasons why you need a CPA for dentists are as follows;

  1. Bookkeeping role- this is the primary function of a CPA. This role includes collecting, analyzing, assessing, and storage of all financial data and information. Responsible for financial management, the CPA for dentists puts in measures to cut in excess expenditure, plans for all expenses in advance and ensures that you can account for all costs. The costs include buying of necessary equipment and items, payment of bills, staff remuneration and any other expense the business may incur. Cutting down on expenditure and planning in advance will ensure the company is successful. The CPA is also in charge of preparing and delivering financial statements when called upon by the organization.
  2. Advisory role- the CPA for dentists has the knowledge, skills, and experience in matters related to finance. The advisory role includes creating awareness to the dentist and the entire management team on proper financial practices that will steer the business to success. The CPA’s advisory role extends to the purchase of equipment and items, ensuring that equipment purchased is of good quality and at the correct price.
  3. Legal role- every business entity is required to adhere to the statutory laws and regulations within the state or country within the business location. Rules and regulations are governing the dentistry industry, and a CPA for a dentist will ensure that the company operates within the confines of such laws. This role also involves the payment of required taxes and filing of tax returns of the dental business entity.

Learn More

Contact Ash Dental CPA to learn more about operating a successful dental practice. Ash Wasillidas, CPA has over 20 years servicing dentists and medical professionals. Call (508) 458-6789 or book online. Moreover, you may also visit us at 945 Concord Street #100A Framingham, MA 0170.

Why You Should Choose a Dentist Bookkeeper

DENTIST BOOKKEEPER

Dentist Bookkeeper | As a dentist, your primary concerns are treating patients and hiring staff. It’s likely you don’t have the time or knowledge to be as attentive to keeping accurate financial records as you want to be. But bookkeeping is essential to any business, and a dental practice is no exception. Bookkeeping needs to be managed routinely to protect your revenue and avoid interruptions in your cash flow.

Now imagine having support from bookkeeping professionals with significant industry knowledge. For example, a dentist bookkeeper offers specialized bookkeeping and accounting designed for dental practices. They understand the unique needs of a busy dental practice and how to handle the financial challenges specific to dentists. While you might be tempted to handle bookkeeping on your own or hire just any bookkeeper, here are 3 reasons why you should consider hiring a dentist bookkeeper.

dentist bookkeeper framingham ma

Your Practice Will Grow

Dentist bookkeepers can help you meet short- and long-term business goals by recommending the best financial practices and solutions for your practice. They will show you how to minimize expenses to help you save money. A good dentist bookkeeper can also help you conduct a comprehensive analysis of your business and show you how to increase cash flow and office efficiency without sacrificing the quality of care you provide to your patients.

You’ll Make Better Financial Decisions

A dentist bookkeeper can provide you with valuable data about the financial health of your practice and identify and recommend changes and improvements based on your needs and overall goals. For example, if you’re interested in investing in new equipment or office software, check in with your dentist bookkeeper. They’ll tell you if you have the cash flow to handle a large purchase or an addition to staff, and if you’ll get a good return on your investment. A conversation with your bookkeeper can go a long way in helping you make wise purchasing and hiring decisions and avoiding costly mistakes.

You’ll Be Able to Focus Solely on Your Patients

Bookkeepers help you keep track of your expenses, revenue, payroll, and banking. When you know that the financial aspects of your practice are being managed efficiently and effectively, you are freed up to do what you do best–provide exceptional care for your patients. That’s why you became a dentist in the first place. Let the dentist bookkeeper keep tabs on the financial health of your business while you keep tabs on the oral health of your patients.

Whether your practice is new or already established, a dentist bookkeeper is a great asset to your team’s practice. They offer valuable analytics for practice owners so that they can better monitor, manage, and improve their operating performance and profitability. You’ll have peace of mind knowing that there are dedicated, certified experts you can trust on the job as you care for your patients.

Hire Us as Your Dentist Bookkeeper

Ash Dental CPA offers bookkeeping for dental practices of all sizes. They service dental professionals in Massachusetts, Connecticut, Rhode Island, and New Hampshire. In fact, they have over 20 years of experience assisting dentists and other healthcare professionals with bookkeeping, practice management,  accounting, tax planning, and more. Call (508) 433-0029 or book online. You may also visit us at 945 Concord Street #100A Framingham, MA 01701

 

Tax Audit Representative for Dentists

Tax Audit Representative for Dentists

Let’s face it: nobody wants to deal with taxes. Doing taxes every year is challenging enough for most individuals. Such a task is even more burdensome for dentists. Companies and private practices have to deal with confusing tax laws. If a dental practice is not prepared, they could face a hefty tax bill. Plus, there is the risk of being audited.

An audit occurs when the IRS reviews a company’s or an individual’s financial information to ensure it is accurate. Audits are often done randomly, although if your tax return sets off red flags, such as shows an unusually large number of deductions, then the IRS may ask to audit your account.

Tax Audit Representative for Dentists

If you do not have documentation to back up your claims, the IRS could ask you to pay more money. If you disagree, you can file an appeal. This is where having a tax audit representative can come in handy. A tax audit representative serves as an advocate to protect your rights. They can gather the paperwork needed to file an appeal. If you do end up owing money to the IRS, a representative can negotiate on your behalf.

With the right tax audit representative working with your practice, you can avoid a financial nightmare. Ultimately, you can reduce your tax bill, get the most deductions for your practice and even avoid an audit altogether.

Why Hire a Tax Audit Representative?

As a dentist, you’re busy hiring staff and treating patients. Do you have the time, patience and knowledge to wade through all your documentation and keep accurate records? Probably not. On top of that, chances are that you are not even remotely familiar with current tax laws and deductions. In fact, this can cause you to lose out on thousands of dollars in benefits.

Your focus is on dental care, and it should be. That’s why you should hire someone who is focused on finances to handle your tax issues.

The right professional offers many benefits, such as a dental CPA. Dental CPAs assist with tasks such as bookkeeping and tax filing. They can help you plan for the future and ensure you get the most deductions possible. In addition, they find ways to increase your revenues while ensuring you’re in compliance with the law. Nonetheless, if you are ever audited by the IRS, a tax professional will defend you.

Contact Us Today.

At your dental practice, your focus should be on patient care. This can be challenging, however, since finances are a huge aspect of your business. Without close attention to finances, you could lose out on revenue and be forced to shut down your practice.

Ash Dental can help maintain your accounting and finance operations. The president, Ash Wasilidas, CPA, has helped companies of all sizes protect their assets and grow their businesses. He focuses on professional service and strives to help clients find solutions to business concerns. Furthermore, dental professionals are encouraged to call (508) 433-0029 or fill out the online form. Moreover, his office is located at  945 Concord Street #100A Framingham, MA 01701.