Medical CPAs For Your Business

Leading Accounting Firm Serving PA, NJ, NY, DE, & More

Accountants for Doctors and Medical Groups in Bucks County, Montgomery County, & Philadelphia

The medical field is a complicated one, and there are many moving parts to consider when it comes to your finances. As a medical practice, you need to make sure that your finances are in order and that you are taking advantage of all the deductions and incentives available to you. This is where SD Associates, P.C. can help. We are a team of experienced accountants who work with medical practices in Bucks County, Montgomery County, Philadelphia, and the surrounding areas. We can ensure that your medical practice is running smoothly from a financial standpoint and that you are taking advantage of all the deductions available to you. Contact us today to learn more about our medical accounting services or to schedule a consultation with one of our tax experts.

Medical Practice Accounting Services

Medical bookkeeping: Your main goal is to provide the best level of care for your patients. In order to do so, you need to have a clear understanding of your finances. Our medical accounting and bookkeeping services will give you a clear picture of your financial situation, so that you can make informed decisions about your practice.

Physician tax planning: As a physician, you are in a unique position when it comes to taxes. There are many deductions and incentives available to you, and our team can help you take advantage of them. We will work with you to create a tax plan that maximizes your deductions so that you can minimize your tax obligations.

Income tax compliance for physicians: Our team will work with you to ensure that you are in compliance with all the applicable income tax laws. We will prepare and file your taxes, and we will handle any audits or inquiries from the IRS.

Medical practice management counseling:  In addition to our accounting and tax services, we also offer management counseling. We will work with you to create a plan that will help your practice run more smoothly and efficiently.

Estate and gift planning for the physicians: As a physician, you have worked hard to build up your practice. Our team can help you ensure that your hard-earned assets are protected in the event of your death or disability. We can also help you minimize the taxes owed on your estate.

These are just a few of the  ways that we can help your medical practice manage its taxes. Please feel free to contact us today for more information.

Medical Practice Accounting FAQs

What is accounting for medical groups?

Medical accounting is the process of tracking, recording, and analyzing a medical practice’s financial transactions. This includes everything from patient billing to insurance reimbursement. Medical accounting is important for both tax purposes and for managing the overall financial health of a practice.

What are some common medical deductions?

There are many deductions available to physicians and other medical professionals. Some common deductions include payroll, continuing education and office expenses. Our team can help you find the right deductions for your practice and apply them to your tax return.

Do I need a professional CPA for my medical practice?

While you are not required to have a CPA for your medical practice, it is highly  recommended. A CPA can help you with everything from bookkeeping to tax planning. SD Associates, P.C. is a full-service accounting firm that specializes in working with medical practices. We would be happy to discuss your needs and see how we can help.

Why SD Associates, P.C.

Unparalleled service: There’s a reason SD Associates, P.C. is the best kept secret in the tristate area.  Our commitment to providing unparalleled service to each and every client is what sets us apart from the competition. Our team has 35 years of experience working with medical practices, we have the knowledge and expertise to help you grow your business.

Personalized advice: When you need a medical accountant in Bucks County, Montgomery County, Philadelphia, and the surrounding areas, you need someone who will take the time to get to know you and your business. At SD Associates, P.C., we pride ourselves on getting to know our clients and providing them with personalized advice. We will work with you to create a tax plan that is tailored to your specific needs.

High professional standards: We adhere to all of the American Institute of Certified Public Accountants (AICPA) auditing standards, guidelines, rules and regulations. Our quality control system has been reviewed by the Pennsylvania Institute of Certified Public Accountants and has received the highest possible rankings. 

Wide client base: We have a wide range of clients, from small businesses to large corporations. We also have experience working with medical practices. This allows us to offer our clients a variety of services, including tax planning, bookkeeping, and financial statement preparation.

Accessibility: We believe that our clients should have access to their accountants at all times. We strive to make ourselves as accessible as possible, whether that’s through phone conversations, online communications, or in-person appointments.

Medical Practice Accounting Service Areas

SD Associates, P.C. offers professional tax services for medical practices throughout the tristate area. Our service areas include, but are not limited to: 

• Philadelphia, PA
• Bucks County, PA
• Montgomery County, PA
• Chester County, PA
• Lehigh County, PA
• North Jersey
• South Jersey
• Maryland
• Delaware

Contact Our Medical Accountant in Bucks County, Montgomery County, & Philadelphia Today

When your medical practice or chiropractic group needs a medical accountant in Bucks County, Montgomery County, Philadelphia, or the surrounding areas, you can rely on SD Associates, P.C. Get in touch with us today to schedule a consultation.