When it comes to managing the finances of medical practices, not just any accounting firm will suffice. The complex tax laws and financial intricacies specific to healthcare require specialized accountants for doctors who understand the industry’s quirks and nuances. Seasoned professionals who not only balance the books, but can provide guidance to ensure the medical […]
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Finding Bookkeeping and Tax Services for Chiropractors
Finding bookkeeping and tax services for chiropractors can be a daunting task. How can you choose a provider that understands the unique needs of your business? Are there specific tax deductions or loopholes for chiropractors? Choosing the right service provider is fundamental to the success of your practice. Benefits of Working with a Bookkeeping and […]
Professional Bookkeeping Services for Medical Practices: What To Expect From Sorenson & Company, CPA
As a busy medical practice owner, you’ve probably wondered if professional bookkeeping services could help you save time. Because let’s be honest, managing your practice’s accounting and bookkeeping on your own is a time-consuming and tedious task. Most importantly, taking care of your books means you can’t spend as much time with your patients. Outsourcing […]
Medical Billing Best Practices
Proper medical billing is critical for any healthcare practice. Incorrect or delayed billing can have a huge impact on your cash flow and, ultimately, whether your practice thrives years into the future. Even minor errors can cause significant delays and force you to re-work through the reimbursement process, costing time and money, so getting it […]
Accounting for Private Practice Therapists
When you run a private therapy practice, you are running a business, which means you need to consider the requirements for accounting for private practice. However, many therapists have very little, if any, training or experience in financial planning and business maintenance. But that does not make maintaining and keeping books for your business any […]
How to Create a Private Practice Business Plan
A private practice business plan is a strategic planning document that sets out a wide variety of important details about your practice. It develops and describes goals and objectives and sets out how the practice intends to meet those goals. It is a road map that touches on virtually all aspects of your practice from […]