Accounting

Looking to minimise your workload?

Financial accounting for the medical professions

With our help, you will soon see the benefits that the systematic and prompt recording of your business transactions can bring to your practice. With you, we will organise the ideal structure for your bookkeeping and discuss how to go about setting up an evaluation of your practice. In doing so, we focus on the key ratios. Through this approach, you will soon see that having a clearly arranged evaluation enables you to actively control your practice and make detailed budget overviews – including on potential tax burdens. In this respect, our bookkeeping offers you specific added value – and not merely a flurry of figures. Needless to say, we will advise you at regular intervals based on your latest figures. Our work also includes examining your services from a value-added tax perspective.

Looking to minimise your workload? In our swift financial accounting model, FiBu-im-Nu®, you have the ideal tool at your disposal. Simply send us your receipts by fax or image file. That’s all there is to it – we will take care of the rest. We receive all the information on your bank statements directly from your bank. This avoids double records being made; receipts do not need to be physically brought in, and your bookkeeping is always right up to date. Have you had someone check if your current bookkeeping procedures are efficient? Our system offers you these additional benefits: you can manage or view your ledger, evaluations and money transactions via our secured Internet portal “Praxis online”. For further information, click here (only available in German).

Determination of taxable income for medical professions

For tax purposes, it is usually sufficient for free-lancers to determine their taxable income using the net income method. This means of determining the taxable income is solely based on the flow of cash and payments, and is frequently unsuitable for business analyses. By using a high-quality bookkeeping system, however, we can create the types of evaluations that show you what services have been rendered. This, in turn, will provide you with an undistorted picture of your practice’s results position.

Determining your level of taxable income by (voluntarily) preparing a balance sheet can also be meaningful for other reasons, however. Especially where professional communities have been established, this approach may well be advisable if you want to more accurately depict each partner’s share in the assets of the practice. But, even for sole owners of practices, it is very worthwhile contemplating the best means of determining the taxable income. In some cases, drawing up a balance sheet can lead to different tax options, e.g. the use of allowable deductions for investments. If you do decide to change the way your taxable income is determined, this usually needs to be reported as soon as possible, i.e. at the beginning of the calendar year.

We prepare statements on your taxable income best suited to your practice, including the explanatory reports and a detailed list of the shares each partner holds in the assets of the practice. These documents provide you with a clear and concise insight into the financial year ended on top of those documents that need to be submitted to the fiscal authorities. The same informative documents can also be used for credit inquiries at your bank.

Needless to say, we will also gladly prepare all the tax declarations that you need.

Payroll accounting for medical professions

You can rightfully expect more than just accounting. Using the possibilities provided by law, we inform you in each individual case about the arrangements which can result in reduced non-wage labour costs with the same non-cash benefits. This can lead to astonishing effects. In addition to you cutting costs as the employer, you can raise levels of motivation among the workforce and therefore help to tie personnel to your practice. We can recognize these consultancy approaches in the ongoing accounting and show you potential options based on concrete calculations. Just some examples of this include the provision of company cars, petrol vouchers, computers or restaurant vouchers. We advise you constantly on matters relating to your payroll accounting!