Doctors trained to care for patients, not to run a bookkeeping system. HJ Wu & Company Inc. (CPA) handles the numbers for physicians, specialists and medical clinics across Vancouver.
What does HJ Wu & Company Inc. do for medical practices?
- Bookkeeping and monthly or yearly financial statements
- Payroll for medical office assistants and clinic staff, plus payroll tax returns
- Personal (T1) and corporate (T2) tax returns
- GST guidance for exempt and taxable services
- Budgeting and forecasting for growth, equipment or a new location
- Work inside the accounting software you already use
Are physician services GST-exempt?
Most health care services provided by licensed physicians are GST-exempt, which means there is usually nothing to collect on them. It also means you generally cannot claim input tax credits on costs tied to those exempt services. Cosmetic services are generally taxable unless medically required. The GST guide for BC health practitioners walks through it.
How do clinic and associate arrangements work for GST?
When associate physicians pay a clinic for space, staff or management services, those charges may be treated differently from the medical services themselves. The CRA looks closely at this area, so agreements and invoices should be reviewed.
Does a clinic owe Employer Health Tax?
Only if BC remuneration is above the exemption, which is $1 million. Clinics and related companies under common control share one exemption. See the Employer Health Tax guide.
How do I get started?
Call 604-636-1862 or send a message. The firm starts with an initial consultation and a needs assessment, then builds a plan around your goals.
Talk to HJ Wu & Company Inc.
Phone: 604-636-1862
Email: inquiry@hjwucpa.com
512 - 938 Howe Street, Vancouver
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Frequently Asked Questions
Quick answers about HJ Wu & Company Inc. and how the firm can help. See all FAQs
Yes. HJ Wu & Company Inc. provides bookkeeping, payroll for clinic staff, tax returns, GST guidance and clear financial reports for physicians, specialists and medical clinics in Vancouver. The team works in the software your clinic already uses. Contact HJ Wu & Company Inc. to book a consultation.
Most physician services are GST-exempt, but when associates pay a clinic for space, staff or management services, those charges may be treated differently from the medical services themselves. The CRA looks closely at these arrangements, so agreements and invoices deserve a review. HJ Wu & Company Inc. can help you check how yours is set up.
Yes. HJ Wu & Company Inc. helps growing businesses build a reliable payroll system with proper controls, and prepares the payroll tax returns on time to avoid penalties. If payroll has started to eat your week, reach out to HJ Wu & Company Inc. and hand it off.
It starts with an initial consultation, then a needs assessment, and then HJ Wu & Company Inc. builds a plan around your goals. Cost depends on what you need, whether that's a one-time tax return or ongoing bookkeeping and payroll, so the firm quotes after learning about your situation. Call 604-636-1862 or email inquiry@hjwucpa.com to book your consultation.