High precision timing on Arduino for serial communication
Use a timer and ISR (interrupt service routine) to make timing more accurate. 

Take a look at my 1ms timed interrupt Proof of Concept. The idea is to have a reasonably accurate 1ms 'heartbeat' in the system that can be used to trigger other events. In the PoC it is used to blink an LED at ½Hz, but having access to the new variables millisecondCounter and secondCounter enables you to trigger events in the main loop at arbitrary (but accurately timed) moments.