Accounting for Medical Practices in New York

Presti & Naegele Accounting Offices offers proven expertise in supporting healthcare providers throughout New York. From surgical groups and solo practitioners to multi-physician practices and outpatient clinics, we understand the daily challenges of operating in New York’s healthcare system. Our accounting for medical practices in New York is built to help you meet those demands while maintaining focus on patient care.

Fortunately, Presti & Naegele Accounting Offices Medical Practice partners and professionals have just the expertise required. Since inception, P&N has provided solutions to a wide array of medical practices including surgi-centers, independent physician practices and group specialty practices. 

Our experience equips us to offer sound advice that supports strategic decision-making, operating performance and profit optimization.

COMMON RECOMMENDATIONS TO MEDICAL PRACTICES in New York

✔ Entity Structure
Helping practices across New York select the right legal structure — such as an LLC or S corp — for tax and liability considerations.

✔ Business Expense Deductions
Supporting providers in accurately identifying and deducting operational expenses like medical supplies, rent, salaries, and professional training.

✔ Equipment Purchases
Maximizing tax benefits through tools like Section 179 and bonus depreciation on qualified medical equipment purchases.

✔ Retirement Planning
Assisting New York practices in setting up SEP IRAs or 401(k)s that reduce taxable income and strengthen employee retention.

✔ Health Savings Accounts
Offering guidance on HSAs as a tax-efficient way to manage eligible healthcare expenses.

✔ Cost Segregation
Helping property-owning practices in New York accelerate deductions through targeted cost segregation studies.

✔ Tax Credits
Uncovering applicable tax credits for New York medical practices, such as those tied to hiring or energy upgrades.