Accountants & Tax Specialists for Dentists in Toronto
Running a dental practice comes with unique challenges, and managing finances effectively is one of them. Whether you’re starting your career as a dentist or managing an established practice, you need accountants who understand the intricacies of your industry. At MB Chartered Accountants, we specialize in providing tailored accounting and tax solutions for dentists in Toronto and Mississauga. Our goal is to help dentists optimize their profits, reduce their tax burden, and streamline their financial processes.

Customized Services for Dental Professionals
At MB, we understand that every dental practice is unique. Whether you’re setting up a new clinic or managing a thriving practice, we offer a range of services to meet your specific needs:
- Incorporation and Structuring: We guide you through incorporating your practice and establishing the most tax-efficient business structure.
- Accounting and Bookkeeping: Our team ensures your financial records are accurate and up to date, using the latest accounting software.
- Payroll Management: We handle payroll processes to ensure your staff is paid on time and deductions are correctly calculated.
- Profit Maximization: Through strategic planning, we help you retain more income while minimizing expenses.
- Financial Statements: We prepare notice-to-reader financial statements and reviewed or audited statements as needed.
- Corporate and Personal Tax Filing: Whether you need to file a T1 return as a sole proprietor or a T2 for your corporation, we’ve got you covered.
- Tax Planning and Advisory: From salary vs. dividend comparisons to estate planning, we provide tailored tax strategies to help you save.

Benefits of Partnering with MB
Working with a specialized accounting team has clear advantages for dentists. Here are the key benefits of choosing MB Chartered Accountants:
- Industry Expertise: We have years of experience serving healthcare professionals, making us uniquely equipped to handle the financial complexities of dental practices.
- Tax Efficiency: Our tax specialists help you navigate Canada’s tax regulations, ensuring compliance while reducing your tax liability.
- Comprehensive Solutions: From bookkeeping to tax advisory services, we manage all aspects of your financial needs so you can focus on patient care.
- Cutting-Edge Technology: We utilize advanced accounting software and practice management tools to streamline processes and improve accuracy.
- Proactive Approach: We anticipate challenges and provide solutions before they become issues, giving you peace of mind.

Success Stories and Case Studies
One of our clients, a dentist in downtown Toronto, struggled with cash flow management and tax compliance. After partnering with MB, we implemented a structured bookkeeping system and developed a tax strategy that reduced their annual tax payments by 15%. This allowed them to reinvest in their practice, upgrade equipment, and grow their patient base.
Another dentist in Mississauga needed assistance with incorporating their new clinic. We guided them through the incorporation process, set up efficient payroll systems, and provided ongoing financial management. Within a year, their practice achieved 25% revenue growth.

Testimonials from Satisfied Clients
Why Choose MB Chartered Accountants?
- Exclusive Focus on Healthcare Professionals: We specialize in serving dentists, making us experts in your field.
- Preferred Rates: As part of the Ontario Dental Association’s preferred vendor program, we offer competitive pricing for our services.
- Accessible Offices: With locations in downtown Toronto and Mississauga, we’re conveniently located to serve your needs.
- Comprehensive Services: From tax filing to financial advisory, we’re your one-stop solution for all accounting needs.

Fill out this form to schedule a phone call
Ready to simplify your accounting and maximize your profits? Contact MB Chartered Accountants today for a consultation. Let us help you achieve your financial goals while you focus on growing your practice and serving your patients. Call us at +1 (647) 956-0894 or visit our website at mbaccounting.ca to learn more.
Frequently Asked Questions (FAQ)
Why do dentists need specialized accountants?
Dentists face unique financial challenges, including tax rules specific to healthcare professionals. A specialized accountant ensures compliance and maximizes savings.
Can MB help with incorporating my practice?
Absolutely! We guide dentists through the incorporation process, helping them establish a tax-efficient business structure.
What software do you use for bookkeeping?
We work with leading accounting and practice management software, including QuickBooks and specialized dental software.
Do you offer services beyond tax filing?
Yes, we provide a full suite of services, including payroll management, financial advisory, and tax planning.
How can I get started?
Contact us for a free consultation. We’ll discuss your needs and develop a customized plan for your practice.
Our Services
Our experienced team of professionals provide all forms of business consulting services in Toronto.
Some of the services includes:
- Corporate tax: We provide corporate tax services to help businesses manage tax compliance, minimize liabilities, optimize deductions, and ensure adherence to government regulations efficiently.
- Financial accounting: We provide financial accounting services that involve recording, analyzing, and reporting a company's financial transactions to ensure accuracy, transparency, and regulatory compliance.
- Auditing: We provide auditing services to examine financial records and operations to ensure accuracy, compliance with regulations, detect fraud, and enhance organizational accountability.
- Tax consulting services: We provide tax consulting services along with expert advice on tax strategies, compliance, deductions, and planning to minimize liabilities and optimize financial outcomes.
- Legal services: We provide legal services that include professional advice, representation, and support for individuals and businesses in matters of law, contracts, and disputes.