We provide accounting, tax, and advisory services for healthcare practices—including medical clinics, dental offices, optometry practices, chiropractic offices, veterinary clinics, and other healthcare providers.

Our Services Include

Accounting & Bookkeeping Services

• Revenue Cycle Tracking — Accurate recording of patient payments, insurance reimbursements, and third-party payer collections
• Accounts Receivable Management — Monitoring outstanding patient balances, insurance claims, and aging reports to improve cash flow
• Transaction Recording — Accurate tracking of all income and expenses, properly categorized for tax and financial reporting
• Bank & Credit Card Reconciliation — Monthly matching of statements to records, including merchant processor deposits
• Accounts Payable Management — Managing vendor invoices, supplier payments, and equipment financing
• Multi-Location Reporting — Consolidated and location-specific financial reports for practices with multiple offices
• Inventory Tracking — Monitoring medical supplies, pharmaceuticals, and retail product inventory
• Financial Reporting — Monthly profit & loss, balance sheet, and cash flow statements
• Books Cleanup — Correcting errors, reconciling old accounts, bringing records current

Payroll Services

• Payroll Processing — Accurate calculation of wages for physicians, clinical staff, administrative employees, and contractors
• Provider Compensation Tracking — Managing complex compensation arrangements including production-based pay, bonuses, profit sharing
• Payroll Tax Filings — Preparation and filing of quarterly and annual payroll tax returns, W-2s and 1099s
• Multi-State Payroll Compliance — Managing payroll tax obligations for practices with employees in multiple states
• Benefits Deductions Management — Tracking and processing deductions for health insurance, retirement, and other withholdings
• Contractor Payments & 1099 Reporting — Tracking payments to locum tenens, consultants, and independent contractors
• Labor Cost Analysis — Monitoring staffing costs as a percentage of revenue to optimize scheduling

Business Tax Compliance & Strategy Services

• Business Tax Preparation — Returns for sole proprietors, LLCs, S-Corps, C-Corps, and partnerships
• Self-Employment Tax Filing — Schedule C and SE preparation for solo practitioners and independent providers
• Tax Planning Consultations — Year-round guidance to minimize tax liability
• Entity Structure Optimization — Recommendations on most tax-efficient business structure
• Deduction Maximization — Identifying deductions including equipment, supplies, continuing education, licensing fees, professional memberships
• Retirement Plan Tax Strategy — Strategies to reduce taxes through SEP-IRAs, Solo 401(k)s, and defined benefit plans
• Multi-State Tax Returns — Filing support for practices operating across state lines
• Sales and Use Tax Compliance — Managing sales tax on retail products, eyewear, supplements
• IRS and State Notices — Assistance responding to inquiries and resolving issues

Fractional CFO Services

• Financial Strategy & Planning — Developing budgets, financial forecasts, and long-term plans for practice growth
• Cash Flow Management — Monitoring and optimizing cash flow through insurance payment cycles and patient collections
• Revenue Cycle Analysis — Evaluating payer mix, reimbursement rates, and collection efficiency
• Provider Productivity Analysis — Tracking production by provider to inform compensation and staffing decisions
• Profitability Analysis — Evaluating margins by service line, location, or provider
• Practice Valuation Support — Financial analysis and documentation for buy-ins, buy-outs, or practice sales
• Banking & Lender Relations — Coordinating with banks for lines of credit, equipment financing, and acquisition loans
• Expansion & Growth Planning — Financial analysis for adding providers, opening new locations, or acquiring practices
• Owner Compensation & Distribution Planning — Structuring owner pay and distributions for tax efficiency
• KPI Tracking & Benchmarking — Monitoring key performance indicators and comparing to industry benchmarks

Audit Readiness Services

• Audit Readiness Assessment — Review of financial records, processes, and documentation to identify gaps
• Account Reconciliations — Preparation and review of all balance sheet reconciliations
• Revenue Documentation — Organizing patient payment records, insurance EOBs, and payer contracts
• Expense Documentation — Gathering and organizing invoices, contracts, and supporting documents
• PBC List Management — Preparation and tracking of all auditor or lender requests
• Compliance Documentation — Ensuring financial records support regulatory compliance
• Prior Year Findings Remediation — Support for addressing issues from prior audits

Note: Halal CPA PLLC provides audit readiness advisory services only. We do not perform audits, assurance engagements, compilation services, or issue any opinion on your financial statements.

Healthcare Practices We Serve

• Medical Practices & Clinics
• Dental Practices
• Optometry Practices
• Chiropractic Offices
• Veterinary Clinics
• Physical Therapy & Rehabilitation
• Mental Health Practices
• Med Spas & Aesthetic Practices
• Specialty Practices (Dermatology, Podiatry, Audiology)
• Mobile & Concierge Practices