Accounting for Medical Practices in Philadelphia

Presti & Naegele Accounting Offices offers proven accounting support to healthcare professionals throughout the Philadelphia area. From specialty clinics to solo practices and outpatient facilities, our experience allows us to tailor accounting for medical practices in Philadelphia to meet the specific challenges faced by local providers. Our hands-on approach helps streamline operations so practices can stay focused on 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 Philadelphia

✔ Entity Structure
Helping Philadelphia-based medical practices choose the best entity type — such as an LLC or S corporation — for liability protection and tax advantages.

✔ Business Expense Deductions
Ensuring accurate categorization and deduction of operational expenses including rent, employee compensation, clinical supplies, and training.

✔ Equipment Purchases
Applying Section 179 and bonus depreciation strategies to reduce tax liabilities tied to equipment investments.

✔ Retirement Planning
Assisting with the setup of SEP IRAs or 401(k)s to help Philadelphia practices lower taxable income and offer staff benefits.

✔ Health Savings Accounts
Providing guidance on leveraging HSAs for tax-efficient savings on healthcare costs.

✔ Cost Segregation
Supporting practices in Philadelphia that own their buildings with cost segregation studies to accelerate depreciation deductions.

✔ Tax Credits
Identifying and applying applicable tax credits for medical practices in Philadelphia, including hiring and energy efficiency incentives.