Accountants for medical and dental practices in Canada

A practice is a business with its own reporting shape

A medical or dental practice usually operates through a professional corporation, pays a mix of employed staff and associates, and holds equipment and leasehold improvements that carry their own treatment over time. The reporting has to serve the practice, the professional personally, and eventually whoever buys or joins it.

HBT prepares the professional corporation year end and the practitioner's personal return together, keeps the practice records in a state where associate and locum arrangements are visible rather than blended into one payroll figure, and prepares the financial information needed when a practice is being valued or sold.

What a practice engagement covers

How the work begins

1. 1

   Step 1: Tell us how the practice is structured

   Professional corporation or not, who is employed, who associates, and the year end you work to.

2. 2

   Step 2: Scope and price agreed

   Priced on transaction volume, payroll headcount and whether valuation work is in scope.

3. 3

   Step 3: Year end without the scramble

   A monthly close so the year end is a review rather than a reconstruction.

What does accounting for a medical or dental practice cost?

A corporate year end with the T2 return starts at $2,500 and a business owner personal return at $350. Monthly bookkeeping starts at $500 per month, or $750 per month with the year end included. Where a practice valuation or a sale is involved, accounting consultation is $350 per hour and business sale or acquisition support starts at $1,500. Amounts are starting prices plus GST or HST where it applies and are confirmed before any paid work begins.