Accounting and Bookkeeping Services for Doctors

Why are Accounting and Bookkeeping Services Important for Doctors?

Healthcare professionals have unique accounting and tax planning needs. Without proper accounting and bookkeeping services, doctors and other healthcare professionals can find themselves paying too much in taxes at year-end. Hiring a professional with industry experience can help guide you and your practice through the following industry-specific issues:

  • Income recognition: Determining whether you should recognize income when it is received or when it is billed is a difficult issue for many doctors. Deciding between cash and accrual basis for tax purposes is crucial in determining your year-end tax liability
  • 1099 vs. W-2 employee: When doctors grow their practice and begin hiring other doctors, there are many legal and tax implications to consider with regard to 1099 or W-2 employees.
  • QBI deduction: Doctors and other healthcare professionals are often considered specified service businesses. This means that there are certain limitations they face when claiming the qualified business income  deduction (QBI).
  • Medical billing: Deciding whether or not to bill insurance, whether or not to outsource your medical billing, and when to recognize the income are all important accounting considerations for healthcare professionals.
Accounting for doctors
Margaret BurkeMargaret Burke
01:20 07 Sep 22
I used to do my taxes myself using a software. In the last couple of years, however, my taxes became more complex due to a health crisis. Casey was recommended as a tax accountant that could help, and he did...a lot. He has handled my taxes and helped me with recommendations to avoid and/or prepare for negative financial consequences. He is efficient and thorough and his customer service skills are great. Hoping that my taxes become more simple, however, I will continue to utilize his services as it makes that time of the year much easier to take. Thanks for all of the help Casey!
00:38 17 Aug 22
We have been using Casey for our business accounting and taxes, as well as our personal taxes, for over two years. He is one of those rare tax accountants who has all the knowledge but can still speak to his clients in layman's terms. We find Casey to be collaborative, proactive, trustworthy, and easy to work with. Highly recommend! Did I mention reasonably priced?
Dilek McCombsDilek McCombs
18:25 11 Aug 22
I highly recommend Casey for personal / business tax and accounting services. He is a skilled professional who goes above and beyond to provide excellent customer service and timely feedback as well. I appreciate his thorough and efficient work that is customized for specific client needs.
Dana WoodDana Wood
19:16 09 Aug 22
Casey is an extremely competent accountant. Efficient, affordable and thorough. He is a pleasure to work with and I would highly recommend his services.
Matthew SlavikMatthew Slavik
18:18 09 Aug 22
I have been using Casey as my accountant for my painting business for the last year and I can’t tell you how great he is with his services. Always quick to respond if I have any questions and gives me my monthly financial statements so I can see where my business is heading. Definitely deserves the 5 stars. Highly recommend.
James SakoJames Sako
18:06 09 Aug 22
You can tell Casey cares about his clients, you are not just another number in his book of business. The quality/service provided makes the price he charges a no-brainer. Not to mention the cooler in his office is always stocked. I hope Casey does this for a long time because I don't plan on ever finding a new CPA/Tax Expert.
Jennifer SlownJennifer Slown
17:43 09 Aug 22
We selected Casey to be our tax expert and manage our bookkeeping this past year and couldn't be more thrilled with his services. He always makes time for our questions and give us peace of mind with his expert tax knowledge. Highly recommend him for all your business and personal tax needs!
Astraea CleaningAstraea Cleaning
17:50 05 Aug 22
I found Casey Moss doing a google search. I was late filing taxes past the deadline without an extension because my previous accountant dropped the ball on me and didn’t take care of my business taxes. Anxious that I needed to take care of my taxes because have never been late, luckily Casey was there to handle my situation and put me at ease. He was professional, responsive, attentive to details and quick on processing my taxes. Casey is very knowledgeable and gave me great advice about my taxes and what is the best way to file taxes for my business. An experience that was informing, educating and professional all the way. Casey is reliable and you can trust him to take care of your individual or business taxes without missing a beat. Based on that I will be filing taxes with Casey Moss moving forward. I referred my parents to him and would refer anyone else to him. Thank you Casey!
Casey is the best accountant I've worked with to date. He's responsive, patient, and efficient. He does my bookkeeping and has saved me more time (and taken away a lot of stress). He is worth every penny. I find myself trying to "do better" so that I can stay in line with his standards of excellence. THANK YOU, CASEY!
Jordyn BeckJordyn Beck
04:51 01 Mar 22
Casey was incredibly professional and knowledgeable when doing my personal tax return. Got my return in about 10 days and it couldn't have been an easier process. Very reasonable pricing for what is offered and I would recommend his services to anyone needing help with their taxes!

Medical Practice Accounting Services

Accounting for doctors and other medical practices can be complex. Hiring an expert with industry experience can help you obtain a peace of mind and focus on growing your practice. With Casey Moss Tax, you’ll receive clear, concise financial data every month. This will include a management report as well as customizable financial insights that will help you evaluate the strengths and weaknesses of your business. Monthly reporting is essential for growing businesses looking to become more successful.

Tax Planning

Tax planning opportunities for doctors can provide substantial tax savings come April 15th. Without proper tax planning, many doctors and healthcare professionals end up paying too much in tax, and can’t make any changes after the year is over. With accurate bookkeeping throughout the year, doctors can keep an eye on their tax situation and make any moves necessary to help save money in taxes. Whether it’s buying a new company vehicle, purchasing some medical equipment, or taking year-end bonuses, Casey Moss Tax can guide you through the most effective and efficient ways to plan for tax time.

Let's Work Together!

Get Back to What Matters Most with Casey Moss Tax and Accounting!

You didn’t go to school for 7 years (or more) to be worrying about categorizing your transactions and paying your employees. Every minute spent on these administrative tasks is a minute not spent on helping patients. For doctors, the opportunity cost of taking care of bookkeeping and tax work in house is too substantial to ignore the opportunities of outsourcing these tasks. Let Casey Moss Tax guide you and your practice so you can continue growing and earning more money!


Are You A Doctor In Naperville, Illinois?

We want to work with you! We are located right in downtown Naperville and offer free consultations to all medical practices. Stop by today and see how we can save you time, money, and stress!

Not located in Naperville? No problem! We work with medical professionals across the U.S., providing virtual consultations and virtual bookkeeping/tax services. Feel free to book your Zoom call today to get started!