Doctors
Helping you reduce tax burdens
Accountant for Doctors
Vikram Gulati Professional Corporation is your go-to accounting and tax specialist for doctors in Toronto and Mississauga.
Our firm specializes in providing comprehensive accounting and taxation services to doctors in the Greater Toronto Area. Our team is well-trained and experienced in using the latest software to manage financial statements, records, and bookkeeping for medical professionals.
By entrusting us with your financial and accounting needs, you can focus more on your patients and medical practice rather than spending valuable time on financial tasks. We understand the demands of the medical profession, especially during challenging times like a pandemic, and we aim to alleviate your administrative burden.
We stay current with all relevant laws and regulations to maximize your returns, including opportunities for income splitting with your spouse.
We offer a broad range of accounting, tax, and advisory services to medical health professionals, whether you are an experienced practitioner or just starting your practice fresh out of medical school. Our services include ongoing back-office support to help you run your practice efficiently and cost-effectively.
Utilizing a combination of cloud-based accounting software and systems, we ensure you can stay connected with the financial side of your practice on the go. Our team is fully trained in the latest accounting software, allowing us to provide you with the best possible service.
If you aren’t already incorporated, our team of experts can assist you with the incorporation process. We provide guidance on general business practices, specific tax advice, and assistance with purchasing, selling, or setting up a medical practice.
Comprehensive Services for Doctors
Accounting Services:
- Setting up a professional corporation
- Acquisition accounting and advisory
- Process improvement and profit maximization
- Preparation of notice to reader financial statements
- Reviewed financial statements
- Audited financial statements
Tax Services:
- Corporate tax return (T2) preparation
- Sole proprietor doctor tax return (T1) preparation
- Tax planning
- Holding company structuring
- Salary vs. dividend considerations
- Tax minimization and tax relief
At Vikram Gulati Professional Corporation, we are dedicated to providing top-notch accounting, tax, and advisory services tailored to the needs of doctors. Our goal is to ensure that you can focus on your medical practice while we handle your financial and administrative needs.
Tax Specialist for Physicians in Toronto
Our extensive experience working with doctors has equipped us with a deep understanding of what can trigger a CRA tax audit, the best ways to prevent one, and how to minimize any tax burden should an audit occur. High earners who self-report are statistically at a higher risk of being randomly audited.
Having worked with numerous clients in the medical industry, we assure you that our expertise can greatly benefit your practice.
Convenient Locations and Expert Team
Vikram Gulati Professional Corporation has two conveniently located offices in the Greater Toronto Area. We are available to meet clients at our downtown Toronto office or at our head office in Mississauga. Our team consists of highly skilled professionals educated at some of the most prestigious tax and accounting schools in Canada. If you are seeking accountants or tax professionals specializing in services for doctors in Toronto, our talented group is ready to assist with all your tax and accounting needs.
Comprehensive Financial Management
Unlike other accounting firms, we don’t just show up once a year to file your taxes and hand you an invoice. We manage the entire financial side of your medical practice. This includes closing your books, ensuring timely payroll for your staff, and maintaining optimal cash flow—every month. Trust Vikram Gulati Professional Corporation to handle your financial matters so you can focus on providing exceptional care to your patients.
Fill Out This Form To Schedule A Free Call!
Set up a consultation with Vikram Gulati Professional Corporation to elevate your business. Let us handle the number crunching so you can concentrate on what you do best – running your business.