Like any well-run business, a medical practice needs to step back periodically and try to get a bird's-eye view of where it has been and where it is going. A good time to perform such a review is at the end of the calendar year. Go into the meeting with a plan, prepared to focus on three critical areas: corporate, financial and operational planning.
In the News
Friday, July 20, 2018
One of the basic costs of doing business is insuring your workers against injury on the job. Escalating medical bills and other factors have caused Workers' Compensation insurance to increase dramatically. Explore options for reducing the cost of coverage with your insurance agents.
Friday, July 20, 2018
If you find your company gaining a large influx of projects, the biggest problem will be the boost in the amount of capital you will need in comparison with your cash flow.
Friday, July 20, 2018
The Tax Cuts and Jobs Act (TCJA) includes many changes that affect individual taxpayers. But, in terms of tax breaks for higher education, the new tax law generally maintains the status quo, with a few minor tweaks here and there. Here's the rundown on education-related tax breaks for 2018 and beyond.
Friday, July 20, 2018
From private preschool classes to college tuition, educating your family can be expensive. You can help lower the out-of-pocket costs by planning ahead with tax-advantaged education savings tools.
Friday, July 20, 2018
Be careful with the language printed on the receipts you give in exchange for contributions. If you make a mistake, the results can be embarrassing for you and expensive for your donors.
Monday, July 16, 2018
The TCJA’s new deduction for owners of pass-through entities can be 20% of qualified business income. But a wage-based limit applies if an owner’s taxable income exceeds certain levels. Find out how the limit works.
Tuesday, July 10, 2018
For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year was adjusting income tax withholding based on the new tables issued by the IRS. (Those tables account for changes under the Tax Cuts and Jobs Act.) But it’s crucial not only to withhold the appropriate taxes — including both income tax and employment taxes — but also to remit them on time to the federal government.
Friday, July 6, 2018
It's no secret that manufacturing can involve one of the loudest on-the-job environments. Over time, many workers suffer from hearing loss -- and once the damage is done, they are at risk for other work-related injuries.
Friday, July 6, 2018
"I'll do your family's dental work for free if you build a deck onto my house."
