I am often asked for recommendations for tax preparation (actually doing the forms) and for tax strategizing (planning in advance to lower future tax bills.) It is extremely difficult to vet tax preparers appropriately, and even good ones can make mistakes. The tax situation for many doctors, particularly employees, can be very straightforward and a CPA isn't even needed to do it well. Turbo tax would work just fine. There are also plenty of  CPAs who are mostly reactive, rather than proactive in lowering your tax bill. The firms listed on this page, however, specialize in planning and making changes in your business structure and financial life in order to lower future tax bills. Fees are generally per project/return or at an hourly rate.

Cerebral Tax Advisors


At Cerebral Tax Advisors, we are focused on minimizing your tax obligations and helping you build financial independence. As the spouse of a physician, our founder and lead tax strategist, Alexis Gallati, purposely keeps our client list small to provide an excellent client experience through proactive year-round monitoring while avoiding surprises. Physicians and healthcare professionals all over the country work with Alexis to lower their personal and business taxes by an average of 48% a year through court-tested and IRS approved tax strategies. The investment in our services is flat-rate pricing and quoted upfront. Contact us for a free tax analysis and for us to prove your return on investment in our services before we begin working together.

NGG Tax Group

NGG Tax Group has clients across various US States and Foreign Countries. Our focus is on tax planning, tax preparation, projections and cryptocurrency.  While we help US and foreign nationals alike, we take pride in assisting foreign nationals unravel the intricate US tax system.  From dealing with international tax matters that affect individuals such as owning foreign assets, owning foreign accounts, exploring income tax treaties to figuring out residency for tax purposes and living abroad. With over 15 years of experience, our firm operates on the cutting edge; we are virtual and can communicate and exchange information regardless of where you are located. We know you are busy so our service literally comes to you.  Contact us today.

 

Glenn Advisory

First featured by the WCI in the A Visit With A Tax Strategist post, David Glenn, CPA provides comprehensive tax planning and preparation services for physicians. By first completing a Strategic Tax Plan for each new client, David Glenn, CPA provides assurance that you’re paying the least amount possible. David is based in Hawaii and works with clients all over the country. Contact Glenn Advisory to learn more.

NovaPoint CFO Services, LLC

NovaPoint CFO Services, LLC with Physicians, Medical Practices and High Net Worth clients throughout the United States. We help our Physician clients in four ways:  1) Incorporation and Business set up; 2) Accounting/Payroll Systems; 3) Business and Personal Tax returns; and 4) Strategic Tax Planning  through retirement planning, Wealth Management and other advanced strategies aimed at significantly reducing taxes. Our fees are a fixed rate for Incorporation, Business set up and Strategic Tax Plans. For Accounting and Payroll, we bill a flat monthly fee, and for Wealth Management, we charge based on the assets under management. Our clients include both Independent Contractors and W-2 Physicians along with select Medical Practices.  We currently have clients in more than 20 states.  Contact us today to schedule a free initial consultation.

Alternative Accounting Solutions LLC

Alternative Accounting Solutions LLC is a full-service CPA firm located on the East Coast serving the small to medium sized medical/dental practice, the hybrid physician (both W2 and 1099 contract income), and the independent contract physician. Our CPA provides strategic tax planning, tax preparation (including audit assurance), payroll, monthly bookkeeping, and business setup services. Strategic tax planning services are comprehensive and proactive, assisting you every step of the way to optimize your overall tax situation as you grow your income and your practice. Serving clients across the United States, fees are affordable, flat rate, and communicated up front after a free initial discovery session. Contact us today to learn more.

Fox & Co. CPAs

Fox & Co. CPAs is a full-service CPA firm serving over 350 doctors and practice owners throughout the USA. All relationships are virtual and focus on year-round tax planning for a flat fee that includes IRS audit representation and correspondence for any year you have been a client.  We believe your tax filing should be simply the end product of a year of engaged strategizing rather than the focal point of the relationship. Laura Clifford, CPA (see her series on the Section 199A deduction) and Johanna Fox Turner, CPA, CFP® (author of How to Find a Great CPA on WCI), are in charge of client relationships. Set up an appointment with Laura or Johanna for a review of your taxes and to discuss your goals. Our goal is your goal – to find the best fit for your needs. If that’s not our firm, we’ll help you find one that is.

Update: Fox & Co, CPAs is closed to new CPA clients from 10/01/20 – 4/30/21. To be added to our wait list, please complete this form.

Thrive Wise Tax Advisors

Thrive Wise Tax Advisors is a new type of strategic tax planning firm. Dedicated to providing affordable, expert tax planning strategies to those that strive for financial and lifestyle independence. Most CPAs and tax accountants are reactive. They focus on what has already happened. At Thrive Wise Tax we take a unique holistic and proactive approach to tax planning. We work with you to successfully design tax and financial strategies that have a profound effect on the amount of tax you pay as you move towards financial independence. What you expect from your tax accountant is all about to change.

Baldridge CPA

Baldridge CPA is a full-service CPA and financial planning firm that works closely with clients to achieve their financial goals. With extensive experience working with medical practices as well as self employed contractors and individuals, owner Mitchell Baldridge and his team serve clients across the United States. Baldridge CPA provides the full breadth of tax planning and practice management services including bookkeeping, tax preparation, payroll and other business and financial consulting. Our proactive planning strategies will support the financial health of your practice and your family while minimizing your tax burden. Contact us today for a free consultation.

Physician Tax Advisors

Doing your taxes can be taxing as a physician. Why not seek the help of professionals who know everything there is about what you need? John McCarthy, CPA/Co-founder of Physician Tax Advisors, a physician family owned firm, and his team have decades of experience working with physicians and their taxes. Much like their counterpart, Physician Wealth Services, they work virtually with 100s of physicians across the US, ensuring their clients receive high-value financial support to build wealth and dominate their financial lives. Want their help? Reach out to John and the team at www.physiciantaxadvisors.com! Simple flat fee pricing structure, the way it should be.

 

 

DIY Resources

Making Your Money Matter

Spreadsheets are a great way to manage your entire financial life. This workbook (available for both Excel and Google Sheets) from Making Your Money Matter isn’t your ordinary budget spreadsheet. In fact, the main focus isn’t on budgeting at all. Created by a CPA, it guides you through creating your entire financial plan including:

  • Income tax planning
  • Creating a debt payoff plan
  • Tracking your investments including portfolio allocation and performance
  • Determining your retirement “enough” number, and more!

This is a great tool to use with the Fire Your Financial Advisor course!

Check out this in depth description of the workbooks included in this bundle.

 

Turbotax

You might wonder why Turbotax would be on this list? Yes, you basically use their software to do your taxes yourself, but you actually can reach a CPA on the phone for quick questions if you need them. Don't expect much in the way of advice or strategy, but the price is right!