Dentists · London, Ontario
Accounting and tax for dentists in London, Ontario
Whether you are an associate or own the practice, we handle the tax, the books and the planning so you can focus on your patients.
What we handle
The tax and bookkeeping issues dentists face
Dental professional corporations
Incorporating can lower the tax you pay today on income you leave in the corporation. We set it up and plan around it each year.
Associate income
Associates are often self employed. We handle your income, expenses and instalments so April has no surprises.
HST on cosmetic services
Most dental services are exempt, but purely cosmetic services can be taxable. We help you sort which is which.
Buying or selling a practice
Share or asset deal, goodwill and equipment. We review the tax side before you sign.
How we help
Services for dentists
Every dentist we work with gets a CPA who knows the industry, plain English answers and a secure online client portal.
Questions
Frequently Asked Questions
I am an associate. Do I need an accountant?
If you are paid as a self employed associate, yes. You will have business income, expenses and instalments to manage, and a CPA saves you more than it costs.
Are cosmetic procedures subject to HST?
They can be. Most dental services are exempt, but purely cosmetic services may be taxable. We review your services and set up your billing correctly.
Can you help me buy a practice?
Yes. We review the financials and the tax structure of the deal before you commit.
What our clients say
★★★★★
She takes the time to explain, educate and answer any questions. She simplified concepts and used examples that made it easier to absorb.
Amanda V
★★★★★
She has helped us with business and personal income tax for several years and we are ever so thankful for her expertise.
Joan B
★★★★★
Her friendly manner, professionalism and attention to detail is very impressive. I highly recommend Major Tax & Accounting.
Sandra R
Other industries we serve
We work with all kinds of owner managed businesses
Let’s talk about your practice.
Book a 15 minute call. We’ll listen, ask a few questions and tell you exactly how we can help.