Haas & Reaney, LLP

Tax and accounting for dental and medical practices in Petaluma

Based in Petaluma, California, Haas & Reaney, LLP is a tax and accounting practice run by a father and his son. Its site says that for more than thirty years it has focused on dental practices, medical professionals and other specialized practitioners, while also serving individuals, start-ups, corporations and nonprofits. Earlier pages on the site were taken up by client bulletins on the Paycheck Protection Program and its tax effects, but those notes date from 2020 and 2021 and no longer describe what the firm mainly offers.

Buying and selling a practice

One service is helping buyers and sellers of practices work out an appropriate value, the financing and the tax questions that come with a sale. This is a specialist area, and the firm presents it as a natural extension of its work with dental and medical owners.

Tax work

The firm prepares business and personal returns, including extensions, and says it keeps up with current tax law to help clients reduce their liability and find tax-saving opportunities. Where a practice's legal form is costing it money, the firm will advise on the entity type or on restructuring it.

Advisory and financial analysis

Financial consulting and strategy is aimed at long-term goals such as financial independence and a comfortable retirement. A separate stability and profitability assessment looks at how a dental practice can improve liquidity by cutting costs and raising profit.

Because the firm handles both practice sales and long-term planning, an owner can use one adviser from running the practice through to selling it.

Bookkeeping

For routine records the firm offers day-to-day bookkeeping so owners can spend their time on the practice itself. It describes its approach as a personalized plan for each client's tax and accounting needs, starting with an exploratory consultation.

Haas & Reaney, LLP is a father-and-son accounting and tax practice, and its site tells prospective clients it offers a personal plan for tax and accounting needs. Its posted updates have concentrated on tax rules affecting business owners, notably Paycheck Protection Program loans.

Products and services

• Tax preparation: business and personal returns, including extensions.
• Tax planning: strategies suited to each client's circumstances.
• Accounting: general accounting for small firms.
• Client updates: notes on changes to federal and California rules.

Who it works with

Businesses such as corporations, partnerships and sole proprietors, along with their owners' personal returns.

Key facts

• Based in: California, USA
• Team: two named principals, a father and his son