Accounting Services for Medical Practices & Doctors
Lipsey & Associates is a full service professional medical practice accounting and tax services firm serving a wide variety of physician practices, diagnostic centers, dentist offices, and other providers in the healthcare industry. We serve medical service providers throughout Northern Virginia, Washington, D.C., and Maryland, and our offices are located in Vienna, Virginia.
We routinely work with doctors and medical groups, and are ready to assume responsibility for your medical accounting and bookkeeping. Our team will work behind the scenes to keep your financial data organized, accurate, and up to date and our accountants will keep you in the loop with regular reports that are easy to read.
As an experienced medical practice accounting services provider, our team of Certified Public Accountants are familiar with Federal, State, and local tax laws and how they affect healthcare businesses. Our highly effective tax planning and compliance strategies ensure that your practice is taking advantage of every available deduction.
We have extensive experience working with doctors and we know how to limit tax exposure and increase profitability. Our team will create a comprehensive plan to reduce tax obligations throughout the year so your medical practice can expect to retain more revenue come tax time.
As a matter of principle, Lipsey & Associates is highly committed to building lasting partnerships with our clients. We’ve worked hard over the years to build a reputation for improving efficiencies and maximizing tax savings.
Healthcare Accounting Services
We are proud to serve doctors, dentists, chiropractors, physicians groups, and medical facilities, and the members of our team value the work medical doctors, dentists, and other practitioners do to maintain the medical health of individuals and families in our communities.
That’s why as a medical and healthcare accounting service provider, we are proud of the value we provide to medical practitioners and facilities because our accounting services enable them to focus on what’s most important – providing the best medical care for patients.
Leave the Medical Practice Accounting To Lipsey and Associates
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 mechanisms for yourself and other medical professionals in your practice, and that’s in addition to day-to-day required bookkeeping, financial management, and tax obligations.
With generational expertise serving the healthcare industry, Lipsey and Associates can help you increase productivity and strengthen financial controls within your practice.
Medical Practice Accounting and Tax Services
Our team of medical accounting CPAs 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 medical accounting practice management.
Our accountants routinely prepare tax returns for doctors, private duty nurses, and other medical personnel and can assist you with both business and personal tax return preparation.
Accounting and Consulting Services for the Healthcare Industry
Your practice may be in need of an outsourced medical accounting services professional or CFO services if your practice is experiencing rapid growth or if you have plans to grow in the near future.
In such instances, our firm can consult on matters involving cost segregation when you begin making major investments in new equipment and need to keep this information up to date for your books and taxes.
Similarly, if you are buying, selling, trading in, or retiring medical equipment, Lipsey and Associates can assist you with the transactional aspects and tax implications.
Contact Lipsey and Associates Today
Every practice’s needs are unique according to the communities served and your own growth plans. Our medical practice accounting and tax services can be scaled to the level most appropriate for your organization.
Whether you are starting a new practice, merging practices, or making a career change as a service provider, we can keep your business and personal finances on track.