Accounting for Dental & Medical Practices in Philadelphia
Dental and medical school teach clinical excellence, not business management — yet a practice is very much a business, with payroll, equipment financing, insurance receivables, and layered tax obligations. We give Philadelphia practice owners the financial side, handled.
Practice-Specific Expertise
- Equipment purchases and depreciation — chairs, imaging, and technology are major outlays; we plan Section 179 and depreciation elections (Form 4562) around your income, not just the purchase date.
- Associate compensation — W-2 associate or 1099 contractor is a consequential and frequently audited call; we structure it correctly from the start.
- Retirement plans — practices are ideal candidates for employer-sponsored retirement plans that shelter income while rewarding staff; we coordinate the tax side with your plan advisor.
- Overhead and profitability tracking — clean monthly numbers that show production, collections, and overhead in terms a practice owner actually uses.
Pennsylvania’s Special Rules for Professional Practices
Pennsylvania doesn’t let dental and medical professionals operate through a standard LLC — licensed practices generally must organize as a restricted professional company or professional corporation, with their own annual registration requirements. We handle the entity setup and the yearly filings so your structure stays compliant.
The Full Back Office
From bookkeeping and payroll for clinical and front-office staff to tax preparation for the practice and its owners — one firm, one coordinated picture. Growing practices add CFO services for expansion and associate buy-in planning.
Frequently Asked Questions
Do you work with both dental and medical practices?
Yes — family dentistry, orthodontics, oral surgery, physician practices, and other licensed healthcare offices across the Philadelphia area.
Can you help with a practice purchase or startup?
Yes. Entity formation, financing projections, and the Pennsylvania professional-entity registrations are all part of our start-up work for practices.
Focus on patients; we’ll handle the finances. Call (215) 914-6929 or contact us.