Top-Notch Accountant For Dentists in Toronto
Dentists lose up to 30% of their revenue due to billing errors on average! Focus on core patient care while our CPA manages complex insurance billing and captures all CDA-approved tax deductions.
Transform Your Practice with Our Accountant for Dentists in Toronto.
Claim Success, Not Delays.
Boost your collection rate to 100% with accurate claims and billing. We reduce A/R and insurance claim rejections by 45% to improve your cash flow.
Cut Overhead, Keep More.
Reduce practice overhead from 75% (industry average) down to 62% and save money. Our Toronto dental CPA optimizes staff-to-revenue and equipment ROI.
Secure Your Finances.
We ensure 100% RCDSO and CRA compliance. Our dental accountant in Toronto accurately treats HST for exempt services, providing zero audit stress.
Grow Your Practice.
Scale with our equipment financing analysis and location expansion strategies. We offer real-time data to increase profit margins by 32%.
Comprehensive Services from Our Accountants for Dentists in Toronto.
We accurately manage your practice’s finances using our accounting software for dental practices. We cover your dental practice from incorporation to associate pay systems.
Dental Professional Corporation Setup
- Customized share structures, including income splitting
- Shareholder agreements compliant with TOSI rules
- Lifetime Capital Gains Exemption (LCGE) set up
- Legal and financial collaboration for incorporation
- Implementation of a dental-specific chart of accounts
Bookkeeping & Financial Reporting
- Cloud-based bookkeeping with Quickbooks and Xero
- Expense categorization for maximized deductions
- Management of private insurance billing
- Preparation of Year-End Documents
- Financial Statements (Notice to Reader)
- In-depth cash flow tracking and reporting
- Monthly financial statements and KPI tracking
Payroll Management
- CRA and ESA-compliant payroll management
- Comprehensive salary vs. dividend analysis
- WSIB reporting and benefits management
- Secure automation with payroll platforms
- Performance-based bonuses and associate pay structure design
Tax Planning & Compliance
- T2 Corporate Tax Return preparation
- Comprehensive GST/HST remittance strategies
- Shareholder loans and dividend management
- 100% compliance with CRA regulations
- Tax-efficient retirement planning and deductions
Profit Maximization & Business Advisor
- Practice valuations and financial analysis
- Strategic cost management for maximum profit margins
- Cash flow projections for financial planning
- Acquisition and sale advisory
- Location expansion and equipment analysis
Retirement & Succession Planning
- Tax-efficient withdrawal options
- RRSP management, wealth transfer, and estate planning
- Customized insurance and trust solutions
- Strategic financial guidance for transitions
- Debt restructuring strategies and ROI analysis
Partnering with Toronto’s Best as the Top Accountant for Dentists.
Our expertise speaks for itself. We’ve partnered with Toronto’s most successful dental practices to drive growth, reduce taxation, and secure compliance.
Trust Our Accountants—Chosen by 85+ Dentists in Toronto.
Using advanced accounting software like Quickbooks and Xero, we help dozens of dentists avoid claim rejections.
See how our clients have “improved collections and doubled profits” with our dentist accounting services in Toronto.
100% Collection Rate
Save more money. Our CPA maximizes insurance approvals and patient payments.
Real-Time Insights
The 24/7 dashboard lets you track your revenue, overhead costs, and patient billing at a glance.
Compliance Guaranteed
Focus on patients; we ensure 100% compliance with RCDSO and CRA requirements.
What Dentists in Toronto Say About Our Accountants.
100% Satisfaction or Money Back!
Money-Back Guarantee
Only pay when satisfied with our dental accounting expertise.
Zero Audit Risk
Worried about CRA audits? Relax with our free audit protection support.
Clear Pricing
Our dental accounting services come with transparent, predictable fees.
Why Do Expert Dentists Choose Our Accountants in Toronto?
Top Industries: Our Accountants Serve for Dentists in Toronto.
General Dentistry
Around 60% of general practices experience overhead costs higher than 65%. We will solve it for you. Our experts increase your net revenue by at least 15% after implementing our solutions. We enhance optimizing staff productivity and chair utilization.
Orthodontics
30% of orthodontic practices suffer from extensive A/R cycles (up to 90 days). We boost your billing to reduce A/R by 40% and improve cash flow. Our accountants also boost profitability by 25% by optimizing the practice’s overhead ratio.
Pediatric Dentistry
Pediatric dentists usually struggle with complex insurance claims and high patient turnover. We ideally allocate your resources and optimize billing processes to increase cash flow by 25%. In this way, you can only focus on child-specific dental care.
Oral Surgery
Over 40% of oral surgery practices can’t manage high-cost surgical supplies. Our accountants for dentists track your surgical costs and revenue cycles. We ensure profitability margins of over 20% and manage high-cost equipment investments.
Cosmetic Dentistry
Managing high-value treatments is always difficult for cosmetic dentists. Let us manage them for you while maintaining a revenue per procedure exceeding $800. Our CPA structures profitable referral relationships for your practice.
Multi-Location Practices
Almost 35% of Toronto’s medical practices with multiple locations can’t use their financial data usefully. Our CPA maintains profitability across all branches. With our location-specific analysis, we maintain an overall financial performance of more than 30%.
A Message from Our CPA
Hello! I’m the founder of SAL Accounting, and I understand the unique financial needs of dental practices in Toronto. From tax deductions to payroll management, my team and I are here to provide comprehensive accounting services that enable you to focus on what matters most—your patients. Let us build your practice’s financial future while you build beautiful smiles!
M. SALMAN
Meet Our Toronto’s Accounting Team for Dentists.
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: Accountants for Dentists in Toronto.
How do your accountants maximize my insurance collections?
Our accounting software, like QuickBooks and Xero, integrates with your practice management software to track claim status and aging. This implemented system tracks the claim process automatically and increases collection rates for our clients from 91% to 100%
Can you enhance my practice's overhead ratio?
Yes, we can. Our team uses cost management strategies to reduce overhead from 75% (industry average) to 62%. Our experienced dental CPA in Toronto analyzes staff productivity, supply costs, and equipment utilization to ensure we catch all opportunities to save you money.
I offer mixed dental services; can you handle HST for me?
Absolutely. We implement separate tracking systems for exempt (basic dental) and taxable (cosmetic) services. This guarantees proper HST treatment and 100% compliance with CRA regulations.
What tax advantages do you offer for my dental corporation?
Professional corporations can access the small business tax rate of 12.2% on the first $500,000 of active company income. Our tax accountant for dentists creates a balanced structure between salary and dividends to optimize tax efficiency.
What metrics does your CPA track?
We track all metrics any dental practice needs for growth in Toronto. The most important ones are:
- Production per chair (target: $2,500/day)
- Hygiene department profitability (target: 33% of revenue)
- Collection rate (target: 98.5%)
- Overhead ratio (target: 62%)
At the end of the month, our accountant for dentists in Toronto provides you with comprehensive reports, including detailed analysis and anything you need to know.
Can your accounting services help me with practice acquisitions?
Yes. During the due diligence process, we analyze at least three years of financial history, patient demographics, insurance mix, and overhead structure. That is how we have helped our clients to avoid overpaying by an average of $200,000 per transaction.
Can you enhance my practice’s equipment financing?
Cash flow is the most crucial factor regarding equipment financing. Our best accountants for dentists in Toronto can create equipment financing plans that save practices 15% over conventional bank terms.
How do you manage payroll for dental staff?
You can outsource complex compensation structures to us. We analyze performance bonuses, commission splits, and benefit programs. Our accountants can handle payroll for all our workers, from hygienists to receptionists, with 100% CRA and ESA compliance.
What do you do if I get audited by CRA?
If this happens, you have FREE support from our affordable dental accountants in Toronto. Fortunately, our clients have a 100% success rate in CRA audits, so there is no need to worry.
Where is SAL Accounting located?
We are in the heart of downtown Toronto. Our office address is 330 Bay Street, minutes from Union Station and CN Tower.
Ready to Secure Your Practice’s Financial Future?
Get in touch with SAL Accounting right away to book your FREE consultation. You can relax and focus on patient care while we handle the accounting and compliance. Your practice deserves our dental-savvy accountants!