Healthy Margins for
Wellness Practices.
From managing independent contractor splits to navigating complex HST exemptions, we provide the financial clarity your clinic needs to grow.
Clinic Profitability Analyzer
Analyze margins based on associate splits and overhead.
Clinic Net Profit
Net margin: 21.3%
This tool is for general information only and does not replace professional tax or accounting advice.
Navigating Clinic Finances
Running a multi-disciplinary wellness clinic, MedSpa, or Naturopathic practice involves unique financial complexities. You are managing a mix of exempt and taxable services, tracking inventory for supplements or retail products, and handling compensation for various associates.
At Teixeira Accounting, we specialize in the healthcare space. We help clinic owners streamline their bookkeeping, ensure compliance with CRA's strict contractor rules, and optimize their corporate tax structure to build long-term wealth.
Associate Splits & Payroll
We help you structure and track payments to independent contractors vs. employees, ensuring you don't run afoul of CRA rules that could trigger massive retroactive CPP and EI liabilities.
Complex HST Compliance
Wellness clinics often provide a mix of HST-exempt services (like naturopathy) and taxable services/products (like massage therapy or supplements). We manage this complexity so you don't overpay or under-remit.
Strategic Advisory for Clinic Owners
- Corporate Structuring: Setting up Professional Corporations (if applicable) or standard corporations to defer taxes.
- Cloud Integration: Connecting your practice management software (Jane App, Mindbody) directly to your accounting system for seamless reconciliation.
- Inventory Management: Accurate tracking of retail products, supplements, and clinic supplies to optimize cash flow.
Why Choose Teixeira Accounting?
At Teixeira Accounting Firm Inc., we don't just record history; we write your financial future. Most accounting firms are reactive—they wait for you to bring them problems. We are proactive architects of your wealth and business growth.
Whether you're a scaling enterprise or a high-net-worth individual, we provide the strategic oversight, tax optimization, and bulletproof compliance you need to operate with absolute confidence.
The Teixeira Advantage
Proactive Tax Strategy
We don't just file your taxes; we actively look for ways to reduce your tax burden year-round.
Bulletproof Compliance
Our rigorous quality control ensures your filings are accurate, minimizing audit risk.
Dedicated Advisory
You get a dedicated partner who understands your business deeply, not just a once-a-year tax preparer.