Need help managing the accounting and tax aspects of your professional practice? How our new service package can help

Our Professionals Team provides some info on a new set of services specially tailored to your business

It’s common knowledge that every career path brings different challenges and rewards. Doctors juggle demanding schedules but are privileged to heal those in need. Architects often deal with insistent and critical clients, but also get to see their creative visions become reality. One thing that all professionals share in common though, is that they lead very busy lives, constantly balancing the many demands of their profession. Unfortunately, this can sometimes mean that the time needed to focus on certain financial areas of your business is scarce at best.

Our advisors understand that, as professionals, you are faced with unique accounting, tax and advisory challenges. We believe that seeking professional advice in these areas is an important step toward structuring your professional practice.

If you are a doctor, dentist, lawyer, engineer or other independent professional, take a moment from your day to answer a few questions, which may

 help you determine whether the energy you’re putting into the accounting and tax elements of your profession are saving you time and money, or causing you unneeded hassle:

1. Is your practice optimally structured for tax purposes and income splitting?

2. Do you have an up-to-date will?

3. Do you have adequate insurance to cover taxes in the event of death?

4. Are you paying interest and penalties on tax filings?

5. Are you receiving timely year-end financial statements?

6. Are your records up-to-date to provide you with timely information?

7. Are your billings completed on a timely basis to optimize cash flow?

If the answer to any of these questions is cause for concern, there is a good chance you can benefit from having a qualified professional handle these aspects of your practice for you. The MRSB Professional Team, consisting of experienced chartered accountants and tax specialists, can see to it that all financial aspects of your business are optimized to minimize taxes, maximize wealth and ensure regulatory compliance.

Our advisors understand that, as professionals, you are faced with unique accounting, tax and advisory challenges. We believe that seeking professional advice in these areas is an important step toward structuring your professional practice. We are confident that you will enjoy greater peace of mind knowing that MRSB is expertly managing the financial side of things, leaving you with the time you need to grow your practice.

If you would like more information on our Professional Team, please contact Partner Terry SolomanAccounting Manager Karen Zakem or Accounting Manager Kevin Cusack.