402.488.2020

COMPREHENSIVE OPTOMETRY-SPECIFIC BOOKKEEPING, ACCOUNTING, AND TAX SERVICES

Partner with Williams Group to transform numbers into your practice’s greatest strategic advantage. Our optometry-specific bookkeeping, custom reporting, payroll management, accounting, and tax strategies deliver real-time clarity into every dollar—revealing hidden profit opportunities, controlling overhead, and protecting your bottom line. With our guidance, you’ll make bold, data-backed decisions that fuel growth, streamline operations, and position your practice for long-term success. Plus, our financial expertise dramatically elevates the impact of Williams Group Consulting and Transitions—turning insights into action and vision into value.

BOOKKEEPING AND REPORTING

    • Insightful Optometry Profit & Loss Statements: Gain a full understanding of cash flow with P&L statements custom-crafted for eye care practice operations.

 

    • Simplified EBITDA and Operating Net Metrics: Easily track key optometry performance indicators to accurately evaluate your practice’s financial health.

 

    • Dedicated Weekly QuickBooks Online Management: Maintain accurate, up-to-date bookkeeping with weekly transaction posting by your U.S. based lead accountant.

 

    • Rigorous Monthly Financial Reconciliations: Ensure complete financial accuracy with thorough bank and credit card statement reconciliations.

 

    • Optometry Performance Benchmarking: Analyze your results against key industry financial benchmarks to pinpoint opportunities for growth and profitability.

 

    • Timely Monthly Optometry Financial Statements: Receive detailed reports by the 14th of every month, essential for practice management.

 

  • Data for Strategic Practice Decisions: Access crucial financial data that informs strategic business decisions, driving profitability and long-term practice value.

    TAX SERVICES EXCLUSIVELY FOR OPTOMETRISTS

    • Strategic Optometry Tax Planning & Minimization: Our proactive strategies are designed to legally minimize your tax liabilities and maximize savings for your optometry practice.

     

    • Specialized Optometry Tax Preparation: Expert filing of all necessary tax forms for corporate, partnership, and personal returns, including Form 1120S, Form 1065, and Form 1040.

     

    • Tax Strategies for Optometry Practice Sales: Strategic planning to maximize gains and minimize taxes on the sale of your practice.

     

    • After-Tax Cash Flow Projections: Get clarity on your future financial health with precise after-tax cash flow projections and management of estimated tax payments.

     

    • Prior-Year Tax Reviews: We offer in-depth reviews of prior years’ tax filings to identify opportunities for amendments or corrections.

    PAYROLL SERVICE WITH A PERSONAL TOUCH

    • Complete Payroll Data Management: We handle all data entry, from hours worked to employee changes and payroll adjustments, giving you back valuable time.

     

    • Custom Doctor & Staff Payroll Categorization: Unique categorization that accurately differentiates pay for associate doctors, owner doctors, and practice staff for precise financial reporting.

     

    • Effortless Next-Day Direct Deposits: Streamline your cash flow with hassle-free, reliable, and secure next-day direct deposit services for all employees.

     

    • Comprehensive Payroll Tax Filing: Expertly manage and file all required federal, state, and local withholding and unemployment taxes and forms, ensuring full compliance.

     

    • Annual W2 Management: Seamlessly prepare and deliver annual W2s to your employees and submit necessary forms to the Social Security Administration on your practice’s behalf.

    ADDITIONAL SERVICES

    • Independent Contractor Tax Reporting: Simplification and accurate preparation of all 1099 tax forms for your independent contractors.

     

    • Workers’ Compensation Audit Support: Comprehensive management and completion of Workers’ Compensation audits, including analysis of employee category insurance ratings.

     

    • Optometry Sales & Use Tax Filings: Ensure complete accuracy and compliance with all required monthly, quarterly, or annual Sales/Use Tax filings.

     

    • Secretary of State Annual Reports: Timely filing of Secretary of State Annual Reports to maintain your practice’s active legal status and good standing.

     

    • Business Personal Property Tax Returns: Expert navigation of Business Personal Property Tax Returns to ensure compliance and identify potential savings.

     

    • Advanced Practice Reporting & Planning:
      • EBITDA Calculations: Precise calculation of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) to maximize your practice sale negotiations.
      • Annual Budget Creation: Custom Annual Budget creation to set a clear financial roadmap toward your practice goals.
      • Cash Flow Projections: Develop accurate cash flow projections to anticipate and strategically manage your future financial health.

     

    • Custom Financial Reporting: Tailored ad hoc financial reporting on demand to meet your unique internal review needs.

    Schedule a call to learn more about our financial services!

    SCHEDULE A CALL

    Utilizing Williams Group Financial has allowed me more time to focus on patient care, while still allowing me to be very involved in my daily, weekly, and monthly bookkeeping and payroll.

    Craig Smargiasso, OD

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