Dentist Accounting & Tax Advisory
Like you, we give people bright smiles for years.
Let’s be honest: You didn’t become a dentist to do your own accounting and taxes forever. Our accounting services include financial planning, financial analysis, financial reporting, and business consulting while our tax advisory services ensure you seize all available tax incentives and optimize your individual tax position. If you’re looking for a dental accounting services, contact us today!
Time to smile. Your financials are in great hands.
From bookkeeping and tax planning to managerial reporting and more, we become your practice’s accounting department so you can focus on your patients.
Schedule a CallDentist Scores $57,000 Tax Incentive Win
This dentist was frustrated with their unpredictably high tax bills each year and approached us for tax planning and tax projection services. We started providing quarterly tax projections and tax incentives analysis, resuling in the client claiming $57,000 with the Enterprise Zone tax credit. Quarterly projections have helped the client plan for paying and reducing tax bills. We now provide dental accounting, tax projections, and practice acquisition assistance.
Rescue From Controller Errors Causing Insolvency
Billing errors came from in-house controller who was struggling to balance grant acquisition, grant billing, compliance, and accounting tasks for nonprofit. Facing eventual shutdown, this organization requested our help. We improved accounts payable processes and reporting with BILL migration and financial reporting with QuickBooks Online migration. We now handle tax returns, grant allocations and billing, and other controller and CFO duties.
No More Messy Books Or Failed Audits
This organization’s controller had improperly implemented QuickBooks Online and BILL, resulting in year-to-date books that were wildly inaccurate. We provided bookkeeping cleanup, audit preparation services, and trained accounting team to manage day-to-day accounting tasks. Client has since passed many audits successfully. We now provide monthly review, data entry assistance, and consultation.
Nonprofit Gets Grant Clarity & A/R Help
This nonprofit receives grant monies to assist the homeless in various regions throughout California through downpayment assistance, supplies, and housing development projects. We provide grant allocations, grant reporting, budgetary development, accounts payable setup and review through BILL, and accounts receivable assistance for grantor invoicing. The end result of these services is that this organization has clarity on amounts for grant proposals, understands and can report on the expenditures related to grantor monies, and has audit-ready A/P and A/R processes.
Better Accounting & Tax. Ready For An Audit.
We helped this organization migrate from QuickBooks Desktop to QuickBooks Online and currently handle all bookkeeping duties following a staff retirement. Beyond bookkeeping services, we assisted this client with setting up and supporting a BILL implementation to improve audit readiness related to accounts payables.
In addition, we prepare and present board reports, handle 571Ls, retirement census reporting, prepare and file tax returns, and handle audit preparation. Our accounting, bookkeeping, and controller services allow this organization to have each number on their balance sheet tied to a supporting document. Also, our audit preparation services allow this client to recoup costs during audits since preparation is more cost-effective than sending unprepared books to an auditor.
Transaction categorization
Accrual/cash basis accounting & conversions
QuickBooks implementation & consultation
Fixed asset management
Accounts payable (A/P) services
Business expense tracking
Budget vs. actual financial analysis
Municipality licensing and registration
Month-end close process management & advisory
Business, trust, estate, and gift tax return preparation
Tax compliance, reporting, and fiduciary accounting
State and local tax (SALT) compliance and planning
Quarterly estimated tax calculations, payments, and payroll tax returns
S-corps and partnerships (1065s and Forms 1120s)
Sales and use tax return preparation and filing
Tax planning, strategy development, and structuring for buy-sell agreements
Tax incentive analysis
Tax due diligence for mergers and acquisitions
Depreciation & amortization
Advanced financial reporting
Budgetary development and revision
Audit preparedness assessments
Grant allocations, billing, and compliance
Financial forecasting
Review and compilations for accounting staff
Consolidated returns for multi-business entities
Sales reports and cash reconciliations
Accounting policy development
Accounting staff training
Accounting system optimization & implementation
Internal controls development & monitoring
Lending liaison & business capital loan advisory
Accounting system migrations
Executive and board meetings & reporting
TESTIMONIALS
Loved by Clients. Referred by Other Professionals.
OUR SOLUTIONS
Tailored To Your Industry's Needs
Businesses
From foundational bookkeeping to advanced financial reporting and analysis, our accountants equip you with information and insights you can trust so you make business decisions that are financially sound and aligned with your company’s goals.
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Nonprofit Organizations
We provide fund accounting, budgetary assistance, and other nonprofit accounting services to help you manage multiple funding sources, adhere to reporting requirements, and maintain transparency with donors in your organization.
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Dental Practices
Our dental accounting services allow dentists to focus on providing exceptional patient care while we provide support for the practice’s financial management, including bookkeeping, A/R and A/P services, tax advisory, and financial reporting.
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Construction Companies
Our firm offers job costing, profitability analysis, accounting, tax strategy, and bookkeeping for construction companies so builders can have the comprehensive financial reporting they need to maintain profitable operations.
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Law Firms
Trust accounting requires due diligence and detailed recordkeeping, in addition to reliable advisory services regarding partner compensation, cash flow analysis, expense allocation, and more. Our firm is a perfect fit for growth-minded legal professionals.
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Franchises
We provide detailed individual and multi-franchise accounting and bookkeeping services so you are clear on the financial performance. Our services include tax planning and preparation, new business advisory, QuickBooks support, and financial projections.
Churches
Our church accounting services help you track donations, maintain tax-exempt status, and allocate funds to support ministries and programs so your church has the financial reporting needed for sound financial health and so you can focus on your ministry.
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Hotels
Hotels face many accounting challenges, from cash flow planning for construction and expansion to managing daily financial operations and fulfilling tax reporting needs. Our hotel accounting services provide the necessary bookkeeping and financial reporting.
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Medical Offices
From revenue cycle management to financial reporting and bookkeeping, we provide healthcare accounting services that ensure you have the financial insights needed to improve and scale your medical practice.
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Serving organizations throughout the United States.
Since 2011, MBS Accountancy has been serving nonprofit and businesses located all over the United States from its central office in California. Our firm was recognized as a Top U.S. Firm by Forbes in 2021, 2022, and 2023, and Accounting Today selected us as the Best Firm for Technology in 2022.
Contact UsOur firm’s cloud accounting infrastructure, hybrid work model, and modern approach to communications and operations enable us to efficiently and securely serve businesses and not-for-profit organizations throughout the United States.
