Kelley Galloway Smith Goolsby, PSC
Certified Public Accountants and Advisors

Medical Practices

Medical Practices

Much like your patients depend on you to provide the best possible care for their overall health, you can depend on Kelley Galloway Smith Goolsby, PSC (KGSG) to provide you with comprehensive services that help to run your practice in an efficient and profitable manner.

The healthcare industry has always had to deal with a constant state of change.  It has become increasingly difficult for a medical practice to focus more on their patients and less on running their business.  The professionals at KGSG can help your organization adjust to these rapidly increasing changes and provide you with the assistance you need to reach your professional and personal financial goals.

Audited, Reviewed, or Compiled Financial Statements
General Accounting Assistance
Bookkeeping and Payroll Services
Debt Arrangements Analysis (Lease/Buy Decisions)
Cash Flow Analysis

Annual retirement plan filings
Personal and business income tax returns
Payroll Processing Services
Quarterly and annual payroll tax reports

Business Consulting

Life insurance policy reviews
Fraud detection and prevention
Physician buy-in or buy-out analyses
Practice valuation and profitability studies

Analysis of overhead sharing arrangements
Consulting regarding physician compensation agreements and incentive pay calculations
Cost segregation studies on construction of new office buildings as well as major leasehold improvements
Lease vs. buy analyses
Monitoring of cash balances on a monthly basis by performing bank reconciliations and proofs of cash
Monthly analyses of collections, charges, receivables, write-offs, and changes in cash
Professional tax planning on a business and personal basis

Tax Planning and Management Consulting