Through our deep-seated knowledge in the health and wellness industry, we will tailor services to meet your specific needs. By infusing advanced technology, we integrate your billing, inventory, and payment systems into one cohesive, efficient platform. This provides comprehensive reporting at your fingertips to make informed business decisions.
We will set up a time to discuss your business operations and ask probing questions to fully understand your goals and current pain points.
After a thorough review and discussion, we will develop an appropriate action plan with clear pricing, matching our services to your specific needs.
We then implement efficient systems and workflows, set up your accounting applications, and introduce you to your dedicated CORE Financial professional.
Finally, we’ll outline clear deadlines and deliverables so that your business is in good standing with the CRA. You’ll also receive ongoing proactive strategies from our experts.
We cater to a diverse range of professionals, including sole practitioners, private and public clinics, and wellness centers. Our services encompass business tax filings, ensuring compliance, and fostering personal wealth growth. If your current accounting system isn’t meeting your expectations, let us provide the solution to enhance your business operations and profitability.
Partner with CORE Financial to experience a dedicated team committed to supporting your business’s success.
We understand that every business in the health and wellness industry has unique financial needs. That’s why we take the time to deeply understand your goals and challenges, crafting tailored cloud-based solutions designed to drive growth and simplify your processes.
Your one-stop-shop to target your CORE! Specialty resources, recorded learning sessions for independent learning, calendar links, storage area for downloaded resources, suggestion box, etc.
Monthly live-learning sessions on all business topics, ranging from 1099 Forms, Wealth Management, Reasonable Compensation, and more! Complete with live Q&A after every session and the occasional guest speaker!
A group call held the last week of every month dedicated to explaining your financial statements in a way you’ll understand so you can truly comprehend what all those numbers really mean.
Gone are the days when you had to chase down your accountant! We use Client Hub, an app that allows us seamless communication with our clients. It allows us to efficiently and effectively manage your business with you.
Save 15% annual billing
Save 15%
Working with Core Financial instead of your personal accountant offers several distinct advantages:
Core Financial is a full-service accounting firm, and with that comes a lot of bells and whistles for your business. When you’re a health and wellness business making at least $120,000 in annual revenue, you can best utilize our financial services and tax strategies for your return on investment.
We understand the importance of timely tax filing and strive to complete your taxes as efficiently as possible. The exact timeline for completing your taxes can vary based on factors such as the complexity of your tax situation, the volume of work we’re handling, and any additional information we may require from you.
Once we receive all the necessary documents and information from you, we’ll provide you with an estimated timeline for completion. Rest assured, we prioritize accuracy and thoroughness in our work, which may take some time to ensure your taxes are prepared accurately and in compliance with all applicable laws and regulations.
My company is an S-Corp/is about to elect S-Corp status. How do I determine what salary to pay myself?
There are 3 big items to consider when determining your salary:
1. What can your company afford – base salary amount, plus employer taxes on it and any additional benefits paid on top of that,
2. What you need to receive as your net pay to maintain/pay for your cost of living,
3. What would a reasonable salary be to pay someone else to do what you are doing for your business?
This last point is key because your salary needs to pass the IRS’s ‘sniff’ test when they review what your company made in a given year. They need to see that you’re being paid a salary that aligns with how profitable your business has been in a given year.
If this sounds too confusing – this is where the Core Financial team can help you!
