Your Trusted Dental Accountant in Mississauga

Your strength is in caring for the teeth of your patients. So, keep your focus on your strengths and no on the details of your taxes and records. And take control of your finances by hiring a dental accountant is Mississauga.

Whether you own your own practice or work as an associate, we can get your books organized and taxes filed. Contact us at Dean and Associates to set your finances in order.

How Our Accountant for Dentists in Mississauga, Toronto, Ottawa, and London Can Help

Dental Corporation & Holding Companies

If you have an active business in Canada, then you can deduct the first $500,000 of your taxable income for the year. Also, for the sale of a qualifying corporation, you can have up to $850,000 capital gains exemption.

Our team of expert accountants are ready to help. We ensure that your organization is setup with the appropriate legal structure. As a result, this helps you gain access to valuable benefits. We can also help you avoid extra taxes by setting up holding companies for new asset purchases.

Full Accounting Services

Our organized bookkeeping process will ensure that your financial records are up to date. Our convenient cloud-based system is how we allow you quick access to your reporting. This valuable information can help with your decision making and tax planning. We also provide the financial reports required by third parties such as lenders.

Tax Services

Tax Planning: Our accountants are experts in tax planning. We will evaluate your finances to make sure that your structuring is set up in the most effective way. Our expertise will help you put effective strategies in place as well as avoid unnecessary tax triggers.
Filing Returns: Our team will handle all your tax filings with the CRA, including corporate returns and HST. We are certainly well versed in CRA requirements and will ensure everything is correct and submitted timely. You will also have full access to your CRA online account.

Buying or Selling Your Practice

If you have plans to expand by purchasing a practice in the future, then our team will work to help you have the full picture. We will surely provide a thorough financial evaluation as well as help with credit applications. Our team can also help with evaluations if you’re considering selling your practice.

Specialized Solutions: Dental Accountant in Mississauga, Toronto, Ottawa, London

We are fully qualified and experienced to provide you with the unique help that you need for your legal filing status. We offer the following packages categorized by your needs.

Salaried Employee’s & Residency Students

• Electronic T1 (professional personal tax return) filing
• Tax saving strategies (RRSP) and allowable deductions
• Dealing with CRA inquiries and reviews
• Open communication with accountant throughout year for pro-active management

Sole proprietors (non-incorporated – professional returns)

• Electronic T1 (professional personal tax return) filing
• Tax saving strategies (RRSP) and allowable expenses and deductions.
• Dealing with CRA inquiries and reviews
• Open communication with accountant
• Electronic cloud bookkeeping (separation of professional vs. personal expenses)
• Pro-active vs. end of year

Incorporated Dentists

• Complimentary Electronic T1 (personal tax return) filing
• Electronic T2 (corporate tax return) filing
• Financial statements (notice to reader)
• Assistance with setting up initial corporation
• Dealing with CRA (audits, reviews) with online access
• Employee Payroll (basic and electronic, preferred prices with ADP)
• Tax strategies – payroll vs. dividend, shareholder loans, maximizing allowable deductions, personal vs. business split
• Access to accountant throughout the year
• Proactive management of your practice

Taxes and accounting are an inevitable part of life, especially as a dentist. Our CPA will help you comply with all finance requirements as well as avoid unnecessary taxes. So, keep your finances organized and up-to-date with Dean and Associates.

Contact our team today for a qualified dental accountant in Mississauga.

Website for the Ontario Dental Association: http://www.youroralhealth.ca/