Expert Accountants
for Doctors

Doctors should review their financial records and accounts at least once a month or quarter, depending upon their specific needs. This helps them stay on top of changes in the market, identify opportunities for savings, and ensure compliance with tax laws.

It's important for doctors to stay up-to-date on their income and expenses to make informed decisions about the future growth of their practice. Regular reviews will help them understand their financial situation.

Yes, your bookkeeper can help with tax compliance by keeping track of all relevant income and expenses, ensuring all necessary documents are submitted on time and identifying potential deductions.

However, it's important to note that a certified accountant would have more specialized knowledge in this area and may be better equipped to handle complex tax situations.

Ultimately, both a bookkeeper and accountant can assist with tax compliance, but it's important to have a clear understanding of their roles and responsibilities.

Some best practices that we follow at CleanSlate include

• staying updated on all relevant laws and regulations,
• maintaining strict confidentiality of financial information,
• providing convenient online access to financial data,
• offering fixed and transparent pricing for our services, and,
• regularly communicating with our clients to ensure they are informed and satisfied with the work we do.

We believe in working together with our clients to achieve the financial goals of their medical practice.

Some tips for finding a good doctor accountant include:

• Checking for credentials and certifications, such as being a certified public accountant (CPA).
• Looking for experience in the medical industry or with other healthcare professionals.
• Asking for references or reading online reviews
• Considering factors such as communication style and availability.
• Interviewing potential candidates to get a better understanding of their qualifications and approach to financial management.

Overall, it's important to find an accountant who understands the unique needs and regulations of the medical industry and has a track record of success with healthcare professionals.

Some common accounting issues healthcare organizations face include:

• Inaccurate coding that can lead to overbilling or denial of payment.
• Managing complex reimbursement models and government regulations.
• Improper tracking of costs and expenses.
• Rising healthcare costs and declining revenues.
• Lack of visibility into financial performance.
• Integrating disparate systems for more accurate reporting.

To overcome these accounting issues, it's important for healthcare organizations to secure a reliable, experienced accounting advisory service consisting of knowledgeable professionals who can help navigate the complexities associated with this industry.

Outsourcing your doctor's practice's accounting offers several key benefits, including:

• Reduced overhead costs.
• Access to specialized expertise and technology.
• Improved efficiency and accuracy in accounting processes.Increased visibility into financial performance.
• Faster turnaround times for reporting and compliance tasks.

Outsourcing also allows you to focus on running your business, without having to worry about the complexities of managing finances in-house. You can free up valuable time and resources to focus on your core competencies.