We can see Optometrists making money!
In fact, over the course of a year, we see a lot of Optometrists. You help give your patients better vision. Our vision is to help you keep more of the money you make, build wealth, and pay as little tax as possible.
As accountants specializing in servicing medical practitioners in Ontario, we manage all of the accounting, tax and business needs for professionals practicing medicine. As many professionals are very busy with their day to day business and practices, our firm will take the financial load away from them and allow them to focus on servicing their patients.
Incorporating a medical practice has numerous tax benefits resulting in more effective tax planning, tax deferrals and ultimately more money for the professional to use for their personal needs. Income splitting, optimizing expenses, adding family members as shareholders are some of the benefits of incorporporating
As there is no limit on the amount of income that can be distributed through dividends, this income splitting is extremely advantageous as the medical and dental professionals can now split their income with their spouses resulting in less tax, thus increasing overall net cash flow.