MedTax

Wilmington, Delaware, USA (for Med Tax Inc. - medtax.com) or Canada (for MedTax.ca)  All Canada companies → Founded 1980 (for Med Tax Inc. - medtax.com)
Practice Management Suite Revenue Cycle / Billing
Family Medicine Internal Medicine Pediatrics
Physician Finance & Tax
unknown — unknown

Products

MedTax Retirement Calculator for Doctors
MedTax
Physician Finance & Tax
This free calculator helps physicians and medical practice owners compare different retirement plans like Individual 401(k) and SEP IRA to estimate potential contributions.

See all 1 product →

About MedTax

There appear to be two distinct companies operating under the name “MedTax.” One is a Canadian tax firm specializing in services for physicians, and the other is a US-based accounting firm that also offers tax services. The Canadian MedTax (MedTax.ca) is a CPA-led tax firm exclusively serving doctors across Canada (excluding Quebec). They aim to help physicians with incorporation support, tax planning, CRA assistance, and provide smarter tools to give doctors more time, clarity, and fewer financial surprises. They focus on proactive guidance tailored to how doctors work, offering year-round support beyond just tax season.

The US-based Med Tax Inc. (medtax.com) is a local, family-owned accounting firm in Wilmington, Delaware, that has been in business for over 35 years. This firm provides a variety of services for both businesses and individuals, including tax preparation, tax planning and compliance, estate and trust tax preparation, and business services like bookkeeping and payroll processing. They emphasize strong service, accountability, and a commitment to staying current with tax law.

Focus Areas

Tax preparation tax planning accounting services bookkeeping payroll processing entity formation (for Med Tax Inc. - medtax.com); incorporation support tax planning CRA assistance financial tools for physicians (for MedTax.ca)

Business Intelligence

Key Investorsunknown
Partnershipsunknown
Acquisitionsunknown
TechnologyAI-driven automation, cloud-native

What Physicians Need to Know

Tax Preparation & Planning
MedTax specializes in comprehensive tax preparation and proactive tax planning for physicians, including personal and corporate tax filing, estate tax preparation, and trust tax preparation. They focus on helping doctors reduce their tax burden through customized strategies, year-round guidance, and expertise in CRA matters for Canadian physicians.
Accounting & Bookkeeping Services
MedTax offers full-service accounting and bookkeeping, including monthly balance sheets, profit & loss statements, cash flow reports, and reconciliation of investment activity for professional corporations and holding companies. They also provide QuickBooks consulting and payroll processing.
Entity Formation & Incorporation Support
They provide support for entity formation and organization, including incorporation guidance for physicians. This helps doctors structure their finances for efficiency and navigate the complexities of incorporating a medical practice.
CRA Assistance & Financial Tools
MedTax assists with CRA correspondence and offers financial tools specifically designed for doctors. For Canadian physicians, they provide help with CRA matters and systems that reduce administrative tasks and keep financial information organized.
Physician-Exclusive Focus
MedTax works exclusively with doctors and medical practice owners, offering specialized expertise in the unique financial and tax needs of medical professionals across Canada (excluding Quebec) and the US.
Proactive & Year-Round Guidance
Unlike firms that only focus on tax season, MedTax provides year-round guidance, proactive planning, and ongoing advice on key decisions like entity structure, payroll strategy, retirement contributions, and practice investments.
Fixed-Fee Pricing & ROI Guarantee
MedTax offers fixed-fee pricing with no surprise invoices. For some services, they guarantee a 200% ROI on tax strategies, promising a refund if the savings don't double the cost.
Digital Tools & Paperless Experience
They utilize secure digital tools to reduce administrative burden and offer a fully remote, paperless experience. Their physician-first tools, like 'Pacioli' (for MedTax.ca clients), are designed around real workflows and client needs.
Physician Tip

MedTax emphasizes that physicians are often CEOs of their practices and should leverage specialized tax planning to maximize benefits and avoid pitfalls. They advise on incorporation timing, optimizing RRSP and TFSA contributions, and leveraging income splitting opportunities while being mindful of rules like Tax on Split Income (TOSI). For practice transitions, they recommend coordinating retirement planning with exit strategies and considering tools like family trusts to spread gains.

While specific details on their full technology stack are not explicitly stated beyond their own 'Pacioli' tool and complimentary QuickBooks Online & Gusto software for bookkeeping clients, tax and accounting firms typically build integrated systems. These often include tax software that integrates with accounting software (like Intuit Accountant Suite), document management, and collaboration tools to streamline workflows from client intake to e-filing. For medical practices, a robust tech stack generally includes infrastructure, data layers (with formats like HL7 and FHIR), integration layers (middleware, APIs), application layers (EHRs, scheduling, patient portals), and analytics/AI tools. MedTax's focus on secure digital tools and a paperless experience suggests a reliance on integrated platforms to manage client data and services efficiently.

Products by MedTax

1 product in the directory

MedTax Retirement Calculator for Doctors
MedTax
Physician Finance & Tax
This free calculator helps physicians and medical practice owners compare different retirement plans like Individual 401(k) and SEP IRA to estimate potential contributions.

What the Web Says

MedTax appears to be a tax and accounting service primarily catering to medical professionals in the Philippines. Reviews suggest that the service is generally efficient and helpful, particularly for those new to filing taxes or entering residency. Many users appreciate the convenience of having MedTax handle their tax filings and the educational resources they provide. However, some users have noted that the service can be more expensive than local accountants and that response times to inquiries can sometimes be slow.

Overall: Mixed

Strengths

  • Efficient and hassle-free tax filing.
  • Helpful for new medical professionals and those entering residency.
  • Provides educational resources and lectures on taxes.
  • Convenient with an app for tracking tax information.
  • Responsive and reliable for some users.
  • Handles various services including PTR, PRC, S2, and Philhealth renewal.

Limitations

  • Can be more expensive compared to local accountants.
  • Response times to messages and inquiries can be slow.
  • Not considered perfect, with some suggesting alternatives are better for non-VAT accounts.
  • Some users experience frustration with inconsistent communication.
  • Initial requirements can be a bit tedious.

Based on reviews from: Reddit (r/pinoymed, r/taxPH)

Last updated: 2026-07-12

Videos

News, demos, and interviews about MedTax.

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Press & Coverage

CalMatters
California is getting ready to increase a health insurance tax. Will it affect your premium?
California legislators approved a redesigned health tax that will shift more costs onto privately insured residents to preserve federal Medi-Cal funding. This change could increase premiums by $400 annually for a family of four, pending federal approval.
2026-06
Patch
Californians To Be Hit With Hefty Healthcare Tax Among Two New Taxes Signed By Newsom | Across California, CA Patch
California's new budget includes a managed care organization tax on health plans and a sales tax on software, both expected to take effect in January 2027. The health tax is projected to generate billions but may increase premiums for commercially insured Californians.
2026-07
Sacramento Bee
California Republicans ask for Trump administration's help to stop new tax
California Republicans have appealed to the Trump administration to reject a new tax on health insurers, arguing it will shift costs to privately insured families and leverage federal taxpayer dollars. The tax, signed into law by Governor Newsom, requires federal approval.
2026-07
Arnall Golden Gregory LLP
New Nationwide Enrollment Moratorium on Certain DMEPOS Medical Supply Companies | News & Insights | Arnall Golden Gregory LLP
CMS implemented a six-month nationwide moratorium on new Medicare enrollment for certain DMEPOS medical supply companies and changes in majority ownership, effective February 27, 2026, to combat fraud. Existing suppliers can continue billing but face heightened scrutiny.
2026-03
PMC (PubMed Central)
Minority Student Tax - PMC
An article discusses the 'Minority Tax' on medical students, referring to the extra responsibilities placed on minority students for diversity, experiences of racism, and academic inequities. This burden can negatively impact their participation, academic success, and career choices.
2025-09
IJPS Journal
The Impact of Medicine Prices and Taxes on Access to Healthcare | IJPS Journal
This review examines how medicine prices and domestic taxes affect healthcare access globally, especially in low- and middle-income countries. It highlights that taxes can significantly inflate medicine costs, disproportionately affecting vulnerable populations.
2025-11
MedTech Dive
MedTech Dive: Medical Technology News
MedTech Dive provides news and analysis for the medical technology industry, covering medical devices, diagnostics, digital health, and FDA regulation. Recent headlines include Medicare slashing 340B payments and broadening site-neutral policies in a proposed 2027 rule.
unknown
Comptroller of Maryland
News Releases - Comptroller of Maryland
The Comptroller of Maryland's news releases include updates on tax portals, unclaimed property searches, and approvals for state projects. Recent releases from 2026 detail Board of Public Works approvals and progress on electronic filing and payment.
2026-05

Frequently Asked Questions

MedTax offers a comprehensive suite of services tailored for physicians, including tax preparation (personal and corporate), proactive tax planning, bookkeeping, payroll processing, and incorporation support. They also provide CRA (Canada Revenue Agency) assistance and financial tools designed specifically for doctors.
MedTax emphasizes its CPA-led team's exclusive focus on physicians, ensuring deep experience with CRA matters and up-to-date knowledge of regulations. They offer year-round guidance and proactive planning to help physicians stay compliant and avoid surprises.
MedTax.ca offers fixed-fee pricing with no surprise invoices. MedTax (MedTax.com, a service of Mizzen Tax and Accounting LLC) offers a 200% ROI guarantee on their tax strategies, meaning if clients don't save at least twice the cost, they'll refund the difference.
MedTax provides year-round access to their team for questions and proactive tax guidance. They also offer secure digital tools, including Pacioli, designed to reduce administrative burden, organize financial information, and provide better visibility for planning.
Yes, MedTax.ca provides incorporation support, including recommending a tax-optimized share structure, advising on banking structures, and guiding physicians through the process. The benefits of incorporation for physicians can include tax deferral, lower corporate taxes, income splitting, and the lifetime capital gains exemption.
MedTax.ca states they are a full-service accounting firm with over 15 years of experience dedicated exclusively to doctors in Canada. Med Tax Inc. (medtax.com) has been in business for over 35 years. MedTax.ca prioritizes cybersecurity with robust data protection, advanced encryption protocols, proactive cyber defense, and comprehensive compliance with industry privacy laws.
Yes, MedTax.ca works exclusively with physicians across Canada (excluding Quebec) and supports doctors at various career stages, including residents and fellows, self-employed physicians, and incorporated physicians. They offer tailored packages for these different needs.

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