Medical Practice Accounting and Tax

We serve a variety of clients in the medical field such as physician practices, diagnostic centers, dentist offices, and other healthcare providers.

Running a medical practice comes with many challenges that can make healthcare providers feel more like accountants: billing and collections, figuring out the proper compensation schemes for yourself and other medical professionals in your practice, and that’s in addition to day-to-day bookkeeping and tax obligations.

With operational expertise in the healthcare industry, Lipsey and Associates can help you increase productivity and strengthen financial controls within your practice. We can handle accounts payable, bookkeeping, payroll, cash flow monitoring, tax returns, and other tasks that enable you to focus more on providing quality care to your patients instead of the administrative aspects of practice management. We also prepare tax returns for doctors, private duty nurses, and other medical personnel and can assist you with both business and personal tax return preparation.

Your practice may be in need of outsourced accountant or CFO services if your practice is experiencing growth or you have plans to grow in the near future. We also provide these services in addition to cost segregation if you are making major investments in new equipment and need to keep this information up to date for your books and taxes. If you are buying, selling, trading in, or retiring medical equipment we can assist you with the transactional aspects.

Every practice’s needs are unique according to the communities served and your own career plans. Our medical practice tax and accounting services can be scaled to the level that you need and with the unique needs of the healthcare industry in mind. Whether you are starting or merging practices or making a career change, we can keep your business and personal finances on track so that you can focus on caring for your patients.

Jeffrey Lipsey is a Certified Public Accountant and an Enrolled Agent; he is a member of the AICPA and the National Association of Enrolled Agents (NAEA).