Professional Practice, Finance & Management  
At Neal, Pallett & Townsend LLP, we offer a broad, innovative range of practice management and financial planning services for Health Care Professionals. Based on our extensive experience in this area, we know that a successful financial strategy requires integrated planning of both professional and personal affairs. Contact L.J. Sandy Wetstein, Partner, Jonathan Townsend, Partner, Piyush Shah, Partner, Peter Innes, Senior Manager, Ken Arding, Senior Manager or any of our team of professional advisors.

PRACTICE START-UP
PRACTICE MANAGEMENT
  • business plan development
  • assessment of lease or purchase options
  • identifying/arranging appropriate financing
  • strategic personal & business debt structuring


  • review & assessment of operating results
  • preparation of financial statements
  • cash flow management
  • analysis of employee compensation/benefits
  • assessing overhead, life and disability insurance

BUSINESS STRUCTURE
OFFICE TECHNOLOGY
  • structuring as a proprietorship, a partnership or a professional corporation as permitted by law
  • practice purchase or sale negotiation
  • cost-sharing and partnership agreements
  • management and/or holding companies
  • assessing business property investments
  • using family trusts & corporations


  • linking real needs with appropriate technology
  • assessing computer system requirements
  • selecting billing and accounting software
  • staff training


Integrated Planning

Through uncertain times in the health professions and in an economy that has become increasingly subject to shifting global influences, it is important to generate a business plan that will yield growth with a degree of stability. We recommend a comprehensive approach that integrates one's professional practice needs with the financial elements of one's personal lifestyle. In the financial life of a Health Care Professional, the two are virtually inseparable.

Financial Independence

Ultimately, the goal of any business or financial plan is to provide financial security and independence.

Our integrated service approach is designed to achieve a balance that allows you to maximize your income and retirement savings while enjoying the best of your family lifestyle.

Personal Planning: Financial, Tax & Estate

Whether you are a self employed practitioner or a staff health care professional, strategic planning is essential to your own financial health and welfare. At Neal, Pallett & Townsend LLP, we look at your complete financial situation, identifying realistic short and long term goals for your practice and your lifestyle. We help you create a business and financial plan that will realize the full potential of your professional earnings and increase your personal net worth.

INCOME TAXES
RETIREMENT PLANNING
  • minimizing and deferring income taxes
  • dividing income among members of the family
  • using RRSPs and other savings plans
  • timing of income and expenses to reduce tax
  • preparing personal and corporate tax returns
  • U.S. income tax planning and compliance


  • assessing future income and lifestyle needs
  • reviewing and adjusting investment strategies
  • making effective use of RRSPs, RRIFs, LIFs and annuities, holding companies & trusts
PERSONAL FINANCIAL PLANNING
ESTATE PLANNING
  • establishing lifestyle objectives
  • analyzing lifestyle income / expenses
  • assessing & projecting net worth & cash flow
  • charting a strategic investment plan
  • analyzing life and disability insurance needs


  • review of wills / powers of attorney
  • preserving assets and minimizing tax
  • gifts and bequests to shrink tax levels
  • U.S. estate tax planning and compliance
  • trust administration & final return preparation
  • financial counseling for beneficiaries

For more information about how we can best serve you and your needs, please contact us today.