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ACCOUNTING & FINANCIAL SERVICES FOR TODAY'S MEDICAL PRACTICE

Medical practices are evolving with our changing times. Having the right financial partners is the key to

gaining an edge and maximizing profitability.

ACCOUNTING

  • Outsourced accounting assistance

  • QuickBooks assistance by QuickBooks Certified ProAdvisors

  • Preparation of internal financial statements

  • Internal controls implementation

TAX

  • Tax planning strategies

  • Tax preparation for medical practice office, doctors, and other medical professionals

  • Cost-savings possibilities when the medical practice's business and physician's personal taxes are prepared collectively

  • All federal, state, and local tax filings

  • Quarterly estimate preparation

  • New partner tax considerations

  • Multiple office locations and multi-state tax filings

ASSURANCE

  • Preparation of audited, reviewed, or compiled financial statements

  • Assistance with bank loan covenant requirements, office lease requirements, and additional assurance requirements

  • Agreed-upon procedures

  • Employee benefit plan audits

CFO ADVISORY

  • Our full-service offering

  • Bring the practice advisory, accounting, financial, and tax expertise directly into your practice - without the full-time expense of highly qualified financial employees

  • Take your growing practice to the next level financially by utilizing the expertise of multiple CPAs, allowing us to handle the numerous facets of your practice's finances

  • For the medical professionals that utilize our CFO Advisory services, our #1 priority is maximizing value for the owner(s) of the practice

PRACTICE ADVISORY & MANAGEMENT

  • Entity selection assistance

  • Ownership structuring

  • New practice formation and business considerations

  • Relationships with bankers, attorneys, financial advisors, and insurance agents to help with practice startup needs

  • Loan negotiation assistance

  • Operating agreement assistance

  • Succession planning

  • Valuation assistance

FINANCIAL ADVISORY

  • Retirement planning, including assistance with setting up plans that maximize tax deferral opportunities for the owner(s)

  • Profitability & expenditure review

  • Financial planning & budgeting

  • Cash flow modeling

  • Lease vs. buy analysis

410-268-6154     |     410-269-5426     |     brandon@nlvw.cpa

60 West Street, Suite 205, Annapolis, MD 21401

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