Precise numbers. Healthy practices.

Accounting for Medical and Private Practices in Canada

We’re an accounting partner dedicated to medical and healthcare professionals: physicians, dentists, specialists, clinics, and private practices. We help you stay compliant, optimize taxes, and truly understand your numbers – so you can make confident decisions and grow with peace of mind.

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Our services

Comprehensive accounting for medical and private practices in Canada

We offer a full range of services to support your practice at every stage.

Bookkeeping & financial organization

  • Ongoing bookkeeping tailored to medical and private practice needs
  • Setup and maintenance of accounting systems (e.g., cloud accounting software)
  • Bank and credit card reconciliations
  • Categorizing and organizing income and expenses
  • Digital organization of receipts and documents

Tax planning & tax returns

  • Corporate and personal tax returns for practitioners and practice owners
  • Tax planning to optimize your income and reduce tax legally
  • GST/HST registration and filings (if applicable to your practice)
  • Guidance on deductible expenses specific to healthcare professionals
  • Coordination of salary, dividends, and other forms of compensation

Payroll & contractor payments

  • Payroll setup and processing for you and your staff
  • Source deductions, remittances, and T4/T4A preparation
  • Support for paying locums, associates, and independent contractors
  • Compliance with Canadian payroll regulations

Practice start-up & incorporation support

  • Choosing the right business structure for your situation
  • Practical guidance on incorporation for medical professionals
  • Setup of accounting and payroll systems from day one
  • Budgeting and cash flow planning for your new practice

Financial reporting & performance insight

  • Monthly or quarterly financial statements (income statement, balance sheet)
  • Clear, visual summaries of how your practice is performing
  • Comparison of actual results vs. goals
  • Identification of trends, problem areas, and growth opportunities

Advisory for growth and stability

  • Advice on managing cash flow and controlling costs
  • Planning for investments in equipment, technology, or staff
  • Long-term financial planning in collaboration with your financial advisor or lawyer
  • Exit and transition planning (selling or restructuring your practice)

Built for healthcare and private practices

We understand that medical professionals and private practices face unique financial and regulatory challenges. MediTallyBest is tailored to work with:

  • Family doctors & specialists

  • Walk-in clinics & group practices

  • Dentists & dental clinics

  • Physiotherapists, chiropractors, massage therapists

  • Psychologists, psychotherapists, counsellors

  • Medical consultants & independent contractors

  • Other health and wellness professionals operating in Canada

Whether you are just starting a practice, working as an incorporated professional, or running a well-established clinic, we structure our services around your specific stage and needs.

What Sets Us Apart

Why Choose MediTallyBest

We know your financial and patient-related information is sensitive. MediTallyBest follows strict confidentiality standards and secure digital workflows. All data is managed with privacy and security in mind, so you can feel confident that your information is protected.

Healthcare-focused expertise

We focus on accounting for medical and private practices. That means we understand billing models, common expense categories, medical equipment purchases, leasing options, and how to structure your income for maximum efficiency.

Clear communication and support

We speak your language and explain financial topics in simple, practical terms. You’ll always know what’s happening with your finances and what steps are coming next.

Canadian tax and compliance, simplified

From federal and provincial tax rules to GST/HST, payroll, and year-end reporting – we translate complex regulations into clear steps and handle the calculations for you. Our goal is to keep you compliant, on time, and stress-free.

Time back in your day

Your time is best spent with patients, not in spreadsheets. We design streamlined processes to handle your bookkeeping, payroll, and reporting, so financial management becomes a smooth background process instead of a daily headache.

Strategic advice, not just data entry

We don’t just record your numbers – we help you understand them. You’ll receive regular insights and explanations so you can see how your practice is performing, where money is going, and what can be improved.

Have Questions?

Frequently Asked Questions

Find quick answers about our tax assistance and advisory services in Canada.

Our main focus is medical and health-related private practices, but we also work with selected other professional service providers with similar needs.

Yes. We work remotely with practitioners across Canada, using secure online tools for document sharing, meetings, and ongoing communication.

You are not alone – many clients come to us in exactly that situation. We help you catch up, clean up, and then put systems in place so things stay organized going forward.

Pricing depends on the size of your practice, the services you need, and the complexity of your situation. After our first consultation, we provide a clear, customized quote.

Absolutely. We can help you understand the financial side, choose the right structure, and plan ahead so your practice starts on solid footing.