Expert Accountant for Doctors & Medical Professionals in Mississauga
Maximize your financial health while you focus on healing. Our medical tax specialists help Mississauga doctors reduce tax liability by 30% and ensure full CRA and CPSO compliance. We provide tailored financial strategies so you can focus on what matters most—your patients.
Focused on Your Practice: Accountant for Doctors in Mississauga.
More Money, Less Paperwork
Save more, stress less. We help Mississauga doctors lower their taxes from 53.53% to just 12.2% using expert MPC structuring.
Never Miss a Claim Again
Tired of billing headaches? Our OHIP system captures 99% of billable services, reducing claim rejections to just 0.4%. Plus, you’ll save 15+ hours a week on paperwork.
Sleep Well, We're On Watch
Don’t worry about audits. Our real-time compliance monitoring ensures full CRA and CPSO compliance, with 47 audits completed and zero reassessments. You're in safe hands.
Growth Without the Guesswork
Make smarter decisions with our Mississauga medical accountant. We benchmark your KPIs against 75+ GTA medical practices, helping you grow 35% faster than the average.
Accountant for Doctors in Mississauga Providing Expert Services.
We make managing your healthcare practice simple and stress-free. Whether it’s streamlining OHIP billing or creating tax plans, we’re here to help doctors in Mississauga succeed.
Tax Strategy & Compliance
- MPC incorporation for a 12.2% tax rate on the first $500,000
- T1 and T2 tax return preparation with smart planning
- Income-splitting strategies saving $25,000 yearly
- Maximizing depreciation on medical equipment (Class 8 & 44)
- HST compliance for mixed-supply and cosmetic services
- Timing capital asset purchases for tax benefits
OHIP & Revenue Optimization
- Three-tier verification system reducing rejections to 0.4%
- Automated diagnostic code tracking with manual review
- Strategic billing reducing payment times from 45 to 22 days
- EMR integration for smooth revenue capture
- Bi-weekly billing with follow-ups for uninsured services
- Billing analysis finding $15,000-25,000 in missed revenue annually
- Advanced accounts receivable aging management
Practice Management
- Customized monthly financial statements with key metrics
- Budget planning aligned with growth goals
- Comprehensive expense tracking with categories
- Full-service payroll management for all staff
- Compensation systems for locum arrangements
- Practice valuation for sale, merger, or succession
- Due diligence support for acquisitions and partnerships
Compliance & Reporting
- Full CPSO financial compliance
- CRA audit defense with no reassessments
- Annual filings and deadline management
- Corporate minute book maintenance
- Professional liability insurance tracking
- Real-time documentation tracking for audit protection
Financial Planning
- Physician-specific retirement planning
- Investment strategy aligned with practice needs
- Education savings for medical families
- Comprehensive insurance needs analysis
- Strategic estate planning for medical professional corporations
- Succession planning to maximize practice value
- Asset protection for medical professionals
Technology Integration
- Integration with 20+ healthcare software systems
- Cloud-based accounting system setup
- EHR financial data reconciliation with QuickBooks and Xero
- Automated expense tracking and categorization
- Secure document management exceeding PHIPA standards
- Data backup with bank-level encryption
Trusted Accountant by Mississauga's Leading Doctors.
We help doctors and healthcare professionals in Mississauga grow their practices. Whether you’re working solo or part of a larger team, our healthcare accountants in Mississauga got your back.
75+ Doctors Choose Our Reliable Accountants in Mississauga.
We’re here to make accounting easier for doctors. With our help, you can spend more time caring for patients and less time worrying about finances.
Don’t just take our word for it—our clients report “reducing admin time by 60% and increasing practice valuation by 40% after working with our accountants.”
Get Back Your Time
We automate 85% of financial tasks, cutting down your admin work.
Stay in the Know
Our secure healthcare dashboard gives you 24/7 access to key metrics whenever you want.
Stay Compliant, Stress-Free
Always stay 100% compliant with CRA, CPSO, and other healthcare regulations.
See Why Experienced Doctors in Mississauga Trust Our Accountants.
100% Satisfaction Guaranteed.
Money-Back Guarantee
Only pay when completely satisfied with our medical accounting services.
Risk-Free Audits
Don't worry about CRA audits! We provide free audit support.
Clear Pricing
Our transparent pricing ensures no surprises, letting you focus on patient care.
Why Do Professional Doctors Choose Our Accountants in Mississauga?
Mississauga Accountant for Doctors with Industry-Specific Solutions.
Family Physicians
Most family doctors lose $125 per patient visit due to missed billing. We’ve simplified OHIP billing to catch every eligible code and cut rejections to 0.4%. Practices using our service see a 25% increase in collections and spend 60% less time on admin.
Specialists
Are you maximizing tax savings on diagnostic equipment? Our accountant for doctors claims 25% accelerated depreciation using CCA Class 44. We have clients that save an average of $47,000 on equipment purchases with strategic timing and financing.
Dentists
That 75% overhead rate is tough. We help dental practices with cost allocation, tax planning (under Section 125). Our team also optimizes HST for mixed supplies and automates insurance billing. Our clients typically see 15% higher profits while staying CRA-compliant.
Surgeons
Balancing hospital duties with private practice billing? Our three-tier revenue system integrates with your scheduling software to track every procedure. We also optimize your Professional Corporation, saving an average of $35,000 in taxes..
Walk-in Clinics
High patient volumes often lead to billing errors. Our system ensures 99.9% billing accuracy for over 500 daily visits. We cut Days in A/R and ensure every visit is properly coded. Our live dashboard tracks Revenue Per Visit, comparing it to Ontario benchmarks.
Multi-Physician Practices
Money issues can strain partnerships. Our GRIP (Group Remuneration Internal Protocol) system ensures fair, transparent profit sharing. By tracking productivity, overhead, and cross-coverage compensation, we’ve boosted partner satisfaction.
A Message from Our CPA
Hi! I’m the founder of SAL Accounting. With years of experience in healthcare finance, our accountants know how to help doctors in Mississauga. Our services keep your practice compliant while helping you increase profitability. Leave the finances to us, so you can focus on what matters most—caring for your patients!
M. SALMAN
Meet Our Team of Accountants for Doctors in Mississauga.
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: Accountant for Doctors in Mississaug
How can I minimize my taxes while staying CPSO compliant?
We’ll set up your Professional Corporation to save on taxes. You can split income with family through dividends. We’ll also help time your equipment purchases strategically. Our clients typically drop their tax rate from 44.5% to 23.2%. This saves about $85,000 each year. We make tax payments simple while following all CRA and CPSO rules.
What is your approach to medical accounting in Mississauga?
Medical accounting has its own rules. OHIP requires specific ways to record revenue. Most medical services don’t need HST, but cosmetic treatments do. We’ll help you claim all your deductions. This includes liability insurance, education costs, and equipment depreciation. We know the right CRA classes for each deduction.
How do your medical accountants improve OHIP billing and cash flow?
We use three steps to check every bill. This cuts rejection rates from 8.3% to 0.4%. For non-OHIP services, we bill every two weeks. Our automated follow-ups get you paid in 22 days instead of 45. We also find missed billing opportunities. Most doctors discover $15,000-$25,000 in extra billable services each year.
Should I incorporate my medical practice? When is the right time?
Do you earn over $150,000 yearly? Then incorporation probably makes sense. Most doctors save $27,000 per year after incorporating. Our incorporation experts in Mississauga look at your equipment needs, staff plans, and expected revenue to find the right time. The best part? You’ll pay just 12.2% tax on your first $500,000. That’s much better than personal rates of up to 53.5%.
How do you manage CRA audits for doctors?
We’ve handled 47 CRA audits. None needed changes. We track everything in real time. CRA often checks vehicle costs, education expenses, and home office claims. We keep all the right documents. You’ll always be ready for an audit.
How do you handle medical equipment financing and depreciation?
We match depreciation to your needs. Regular medical equipment gets 20% depreciation. Diagnostic devices get 25%. We time purchases to save you the most money. One client saved $47,000 on their MRI machine purchase.
What financial metrics do you monitor for my medical practice?
We focus on three key numbers:
- Revenue Per Visit: Most general practices get $85-120. Specialists see $150-250
- Time to Get Paid: We aim for 25 days or less. Industry average is 42 days
- Staff Costs: Should be 25-30% of your revenue
In order to get more information, contact our medical accountants in Mississauga.
How do you ensure patient financial data stays private?
We use strong encryption that meets PHIPA standards. We have SOC 2 Type II certification. We keep clinical and financial data separate. Our security includes biometric access and encrypted transfers. Every activity gets logged automatically.
How do you structure profit sharing in group practices?
Our GRIP system makes profit sharing fair and clear. We look at patient numbers, procedure types, and overhead costs. We helped one five-doctor group improve their system. Their satisfaction jumped from 65% to 94%. Everyone sees exactly how the money gets share
Where is SAL Accounting located?
Our office is located at 55 Village Centre Place, Suite 734, Mississauga, Ontario L4Z 1V9, Canada. We are conveniently situated right off Highway 403 and Hurontario Street, easily accessible for your convenience.
Get Your Free Consultation with Our Medical Accountants Today!
Optimize your medical practice with our financial accounting for doctors in Mississauga. From tax planning to growth strategies, we help Mississauga doctors grow their practices. Schedule your free consultation today!