{"id":7502,"date":"2022-02-08T19:24:42","date_gmt":"2022-02-08T19:24:42","guid":{"rendered":"https:\/\/prudentasset.com\/?page_id=7502"},"modified":"2022-02-11T05:03:19","modified_gmt":"2022-02-11T05:03:19","slug":"accounting-services-for-dentists","status":"publish","type":"page","link":"https:\/\/prudentasset.com\/accounting-services-for-dentists\/","title":{"rendered":"Providing Dentists With All The Accounting Services They Need"},"content":{"rendered":"\n<style type=\"text\/css\" id=\"style-css-av-2tus8u-47205565b4bc2edf5fd27cf986fb9e26\">\n#top .flex_column.av-2tus8u-47205565b4bc2edf5fd27cf986fb9e26{\nborder-radius:0px;\n-webkit-border-radius:0px;\n-moz-border-radius:0px;\npadding:0px;\n}\n<\/style>\n<div class='flex_column av-2tus8u-47205565b4bc2edf5fd27cf986fb9e26 av_one_full  avia-builder-el-0  el_before_av_heading  avia-builder-el-first  first flex_column_div av-zero-column-padding '   ><style type=\"text\/css\" id=\"style-css-av-kzeipk22-95c13cf36c7d94b82366033e6c71910e\">\n.avia-image-container.av-kzeipk22-95c13cf36c7d94b82366033e6c71910e .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kzeipk22-95c13cf36c7d94b82366033e6c71910e av-styling- avia-align-center  avia-builder-el-1  avia-builder-el-no-sibling  '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-7506 avia-img-lazy-loading-not-7506 avia_image' src=\"https:\/\/prudentasset.com\/wp-content\/uploads\/2022\/02\/dentist-pic-1000x430.jpg\" alt='' title='dentist pic'  height=\"430\" width=\"1000\"  itemprop=\"thumbnailUrl\"  \/><\/div><\/div><\/div><\/div>\n\n<style type=\"text\/css\" id=\"style-css-av-kzeirx73-4be62319cb35aaf33062cabc509cf37e\">\n#top .av-special-heading.av-kzeirx73-4be62319cb35aaf33062cabc509cf37e{\npadding-bottom:10px;\n}\n<\/style>\n<div  class='av-special-heading av-kzeirx73-4be62319cb35aaf33062cabc509cf37e av-special-heading-h2  avia-builder-el-2  el_after_av_one_full  el_before_av_hr  '><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >Providing Dentists With All The Accounting Services They Need<\/h2><div class='special-heading-border'><div class='special-heading-inner-border'><\/div><\/div><\/div>\n<div  class='hr av-35sixa-60503fa864c16842d88354ff7ed66939 hr-default  avia-builder-el-3  el_after_av_heading  el_before_av_textblock  '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><div class=\"juiced\">\n<div class=\"ory-row\" style=\"box-sizing: border-box; display: flex; -webkit-box-flex: 0; -ms-flex: 0 1 auto; flex: 0 1 auto; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -ms-flex-direction: row; flex-direction: row; -ms-flex-wrap: wrap; flex-wrap: wrap; margin-right: 0; margin-left: 0; position: relative;\">\n<div class=\"ory-cell ory-cell-sm-12\" style=\"position: relative; box-sizing: border-box; -webkit-box-flex: 0; -ms-flex: 0 0 auto; flex: 0 0 auto; padding-right: .5rem; padding-left: .5rem; -ms-flex-preferred-size: 100%; flex-basis: 100%; width: 100%; min-width: 100%;\">\n<div class=\"ory-row ory-cell-inner\" style=\"box-sizing: border-box; display: flex; -webkit-box-flex: 0; -ms-flex: 0 1 auto; flex: 0 1 auto; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -ms-flex-direction: row; flex-direction: row; -ms-flex-wrap: wrap; flex-wrap: wrap; margin-right: 0; margin-left: 0; position: relative;\">\n<div class=\"ory-cell ory-cell-sm-12\" style=\"position: relative; box-sizing: border-box; -webkit-box-flex: 0; -ms-flex: 0 0 auto; flex: 0 0 auto; padding-right: .5rem; padding-left: .5rem; -ms-flex-preferred-size: 100%; flex-basis: 100%; width: 100%; min-width: 100%;\">\n<div class=\"ory-cell-inner ory-cell-leaf\">\n<div>\n<p><span style=\"font-weight: 400; font-size: 16px;\">At Devendra Sharma CPA Professional Corporation we have decades of experience providing accounting services to dentists in Ontario.<\/span><\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Our team of accountants understands the complicated tax issues dentists face, and we consider ourselves an important part of our client&#8217;s advisory team.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You get a comprehensive approach to tax planning that includes tax-minimization plans, practice and business management, and strategic advice.<\/span><\/p>\n<p><b>We Can Help You Achieve Your Business and Personal Goals<\/b><\/p>\n<p><span style=\"font-weight: 400;\">We offer a wide range of dental accounting services to help our clients achieve their business and personal goals. We offer the following services:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Personalized client services<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Preparing financial statements and tax returns<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial advice regarding opening, buying, or selling a dental practice<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tax planning<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Representation before tax authorities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helping you build your professional network<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Estate and retirement planning<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">We offer a <\/span><b>complimentary<\/b><span style=\"font-weight: 400;\"> meeting to discuss your current financial situation, goals, and concerns. During this meeting, we&#8217;ll determine what services are right for you and then provide an estimate for the cost of the services we think would be most beneficial to your business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our complimentary consultation does not obligate you to retain our services. To set up a consultation, please contact us by phone or email.<\/span><\/p>\n<p><b>We Provide Personalized Client Services<\/b><\/p>\n<p><span style=\"font-weight: 400;\">We stay up-to-date on new tax legislation and tax law changes, as well as financial trends, to ensure our clients always receive service that is not only efficient but timely and effective. We pride ourselves on providing our clients with comprehensive and personalized services.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We provide financial and tax advice through every stage of our client&#8217;s business and life cycles. We&#8217;re here with the right advice and services from beginning to end:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When our clients become healthcare professionals.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When they acquire their practice.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When their practice becomes profitable, or its structure becomes more complicated.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When our client decides to sell their practice or transfer it to a family member.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">We can also help on a personal front \u2013 from planning to start a family to planning for retirement!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can depend on us to guide you through the multitude of decisions to be made at every stage of your personal and professional life.\u00a0<\/span><\/p>\n<p><b>We&#8217;ll Prepare Your Financial Statements and Tax Returns<\/b><\/p>\n<p><span style=\"font-weight: 400;\">You want to spend your time focussing on your staff and your patients &#8211; not on preparing financial statements and tax returns!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We take care of the heavy lifting when it comes to preparing financial statements. When we identify opportunities for additional profits or better efficiency, we&#8217;ll let you know and explain the financial statement results in easily understood terms.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We stay involved with our clients throughout the year to help ensure we make a difference in our bottom line.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We also prepare both federal and provincial tax returns. We offer year-round tax planning to minimize or defer taxes and also prepare tax projections and estimated tax payment calculations.<\/span><\/p>\n<p><b>We Can Help When You&#8217;re Opening, Buying, or Selling A Dental Practice<\/b><\/p>\n<p><span style=\"font-weight: 400;\">There are a lot of issues to consider when you&#8217;re opening a new dental practice or buying or selling an existing one. We can provide support in various areas, including preparing a business plan and cash flow projections, negotiating with banks and vendors, and establishing a tax plan to reduce future taxes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We can also provide guidance on complicated topics such as asset purchase versus share purchase and how cost-sharing works instead of a partnership.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another way we can help you is to determine the correct type of entity for your dental practice. We&#8217;ll analyze the following options and provide recommendations on the best choice for you:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sole proprietorship<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Professional corporation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Technical or hygiene service corporations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Trusts<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">We&#8217;ll also revisit this setup over the life of your business and make suggestions on changes as needed.<\/span><\/p>\n<p><b>We Specialize In Tax Planning<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Our primary tax planning goal is to help you minimize your tax bills. Since we have extensive hands-on experience working with dentists, we have the capabilities to put together customized tax strategies to help you keep more of your money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We focus on helping you attain the lowest tax bill possible by showing you how to select an efficient tax structure. We&#8217;ll also provide comparisons of key ratios \u2013 that is, a comparison of financial ratios that help compare you to your peers &#8211; and provide suggestions for improvement where necessary.<\/span><\/p>\n<p><b>We&#8217;ll Represent You Before Tax Authorities<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If you&#8217;re required to represent yourself before the CRA or any other tax authority, we can help. Whether you must respond to correspondence from the CRA or are required to communicate with them by phone or in-person, we can help.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your focus should be on running your practice and helping your patients. Let our experienced team of specialists keep you focused and take care of any representation before tax authorities you require.\u00a0<\/span><\/p>\n<p><b>We Can Help You Establish A Professional Network<\/b><\/p>\n<p><span style=\"font-weight: 400;\">We have years of experience helping dentists establish their practices, and we can help guide you as you establish yours every step of the way.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We&#8217;ll work with you to connect you to the right partnerships and associations and put you in contact with a variety of other professionals, including contacts in banking, real estate, and the legal profession. You don&#8217;t have to do this alone \u2013 draw on our expertise to make establishing and expanding your practice easier!<\/span><\/p>\n<p><b>We Also Help With Estate and Retirement Planning<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Working in conjunction with our client&#8217;s advisors, we can help provide extensive estate and retirement planning. Our primary goal is to satisfy the wishes of our clients in a tax-efficient manner, which can be done in a variety of ways, including incorporating various trust vehicles and creating charitable and individual gifting plans.<\/span><\/p>\n<p><b>Book a meeting with us today to get started!<\/b><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/section>\n<div  class='avia-button-wrap avia-button-center  avia-builder-el-5  el_after_av_textblock  avia-builder-el-last ' ><a href='https:\/\/prudentasset.com\/contact-2\/'  class='avia-button av-k2qgtrmi-6d8bc6d0ee3bd7d63e56469a2a6a0dae avia-icon_select-no avia-size-medium avia-position-center avia-color-theme-color ' ><span class='avia_iconbox_title' >Contact<\/span><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":10,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"_links":{"self":[{"href":"https:\/\/prudentasset.com\/wp-json\/wp\/v2\/pages\/7502"}],"collection":[{"href":"https:\/\/prudentasset.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/prudentasset.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/prudentasset.com\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/prudentasset.com\/wp-json\/wp\/v2\/comments?post=7502"}],"version-history":[{"count":6,"href":"https:\/\/prudentasset.com\/wp-json\/wp\/v2\/pages\/7502\/revisions"}],"predecessor-version":[{"id":7588,"href":"https:\/\/prudentasset.com\/wp-json\/wp\/v2\/pages\/7502\/revisions\/7588"}],"wp:attachment":[{"href":"https:\/\/prudentasset.com\/wp-json\/wp\/v2\/media?parent=7502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}