Medical Practice Accounting and Tax Solutions

Discover financial peace of mind with Magnum’s integrated medical practice CPA services.
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Avoid Reactive and Risk-Prone Medical Practice Accounting

Struggling to meet the rising demand for quality medical services on top of evolving regulations and labor shortages? Disconnected and reactive medical practice CPA solutions could add an additional burden, introducing risk and leaving you unable to effectively grow your practice.

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Why Partner With Magnum?

Integrated Service

Many accountants for doctors provide a variety of disjointed financial solutions. Magnum’s comprehensive medical practice accounting services join all bookkeeping, tax and financial operations into one streamlined process.

Industry Specialization

With more than eight years of experience supporting the vast healthcare industry, Magnum provides expert medical practice accounting solutions within custom compliance requirements, allowing you to focus on your core operations.

Innovative Solutions

Magnum offers peace of mind through our comprehensive medical practice accounting services. We leverage advanced technology and insights, allowing us to outpace the evolving complexities and regulations within the tax and accounting space.

Medical Practice Success Stories

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Prashant Shukla, MD

Bayside Internal Medicine, LLC
Nathan and Amanda are always available when I need their help. They are both very professional and hardworking. In the midst of everything the pandemic was throwing at business owners, Mangum Advisors was there to help me navigate the storm. The guidance they provided during that time is something I will never forget.

Our Process to Secure Your Finances

1

Consultation

Aligning to your finance and business functions is central to how we work. We'll ask questions to learn about your organizational and financial goals and use those insights to develop a medical practice accounting plan that’s tailored to your unique needs.

2

Assessment

Our experts will partner with you to understand key financial information about your organization. We'll assess potentially costly gaps and find opportunities to increase profit margins. Our goal is to streamline medical practice accounting initiatives across your organization and proactively prepare for a hassle-free tax return at year-end.

3

Continual Planning

Many medical practice CPA firms offer last-minute tax return services and inconsistent communication, leaving you with a poorly planned and risk-prone process. Our experts value open lines of communication and provide on-demand insight into accounting activities. We regularly report on financial statements, including profit and loss analyses, balance sheets and resources for pain-free tax planning.

4

Tax Return Support

Our proactive approach to financial planning ensures your tax filing experience won't become a year-end scramble that risks liability and overpayment. We continually plan and advise ahead of tax season so that your tax return is the natural outcome of the collaborative decisions we've made throughout the year. This forward-thinking process helps reduce risk, saving you time and money.
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Scalable Service Offerings

Medical Practice Accounting and Tax Services
Business Compliance
Services
Business Support
Services
Business Management
Services
Financial Statements Review/Prep
Annual

Quarterly

Quarterly

Business Tax Preparation
Business Owner Tax Preparation
General Business Consulting
Monthly Bookkeeping Services
Tax Planning and Projections
Quarterly Performance Reviews
Accounts Payable Services
Industry KPI Analysis
Revenue/Expense Analysis
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