Medical Practices & Physicians

Doctors, private practice medical office owners and general practitioners understanding the tax implications and deduction possibilities is critical to avoid tax audits, penalties and fines. 

Whatever the reason may be, a tax accountant can help physicians in many ways. In addition to filing your taxes accurately and timely, physician accountants ensure you capture all available deductions and credits and also work with you to structure your personal finances in the most tax-efficient manner. 

Still, not all tax accountants are created equal. This guide will provide you with the information you need to find the best tax accountant for your financial situation.

Medical doctors, physicians and practices can benefit from tax planning and strategic advice.


Tax Solutions for Medical Professionals

Think about this from a physician’s perspective. Would an orthopedic surgeon perform brain surgery?

Think about your taxes the same way.

While going to a large, commercial tax preparation company could be the cheapest option, it might not always be the best. Physicians are in a unique situation compared to many other professions, and physician CPAs are more familiar with the challenges and situations you face.

Tax Time CPAs  are a specialized tax accounting firm who only works with physicians and high-income individuals. Our work includes wealth management, family LLC establishments, tax deductions and more. 


Like the rest of your personal finances, your taxes are personal, and you want to work with someone you can trust and who has your best interest in mind.

We will do more than file your taxes. Tax Time CPAs are a trust financial advisor here to help you with your unique, personal situation.

We will review your prior year’s tax returns, and if they see a mistake, they can amend it and set you straight with the IRS. Our CPAs will help you structure your personal finances in the most tax-efficient way possible that also aligns with your goals. They will give you advice and help you understand various ways you can save money on taxes through credits, deductions, retirement savings, or other strategies.

Our tax preparation teams will maintain an ongoing relationship with you. Tax preparation is only one piece of your tax planning. You want to work with someone who will not only prepare your taxes but also be there for you throughout the year to answer your questions when you want to buy a home, start a business, save for your kid’s college, or any other major life event. 

Physician and Medical Practioner Tax Services

No one likes doing their taxes, but if you own a small business, it can be a downright nightmare. Luckily, our business tax specialists can take a lot of stress off of your shoulders by providing many specific tax services, including the following:


  • Federal, state, and local tax planning
  • Tax deferral maximization
  • Alternative minimum tax planning
  • Tax compliance
  • IRS assistance
  • Maximizing deductions
  • Reducing tax liabilities
  • Tax payment arrangements
  • Entity creation and establishment
  • Finding the best way to report taxable income on contracts
  • Conducting cost segregation studies
  • Multi-state tax consulting and return preparation
  • Personal wealth management