Medical Practice Overhead or Improve the Top Line? I recently saw the recent blurb in a physician email newsletter: Diagnostic clinic short on docs Once a vibrant and expanding practice in the medical community, the _______ Clinic is beginning to wither as doctors continue to leave. By the end of … [Read more...]
About Reed Tinsley, CPA
OCR Issues Audit Report on HIPAA Compliance
HIPAA Compliance The Office for Civil Rights (OCR) at the U.S. Department of Health and Human Services (HHS) has released its 2016-2017 HIPAA Audits Industry Report that reviewed selected health care entities and business associates for compliance with certain provisions of the HIPAA Privacy, … [Read more...]
Meals & Entertainment Tax Deductions
Meals & Entertainment Remember the Tax Cuts and Jobs Act (TCJA) largely eliminated the deduction for entertainment expenses paid or incurred after 12/31/17, but left intact certain exceptions. The IRS has now issued final regulations largely follow proposed regulations issued in February 2020 … [Read more...]
December Newsletter
December Edition of the Physician Advocate In our December newsletter we cover establishing staff accountability, the MIPS 2020 reporting, and patient overpayments and escheat laws. Read the December Newsletter below or browse through the featured blogs. December Newsletter Featured Blogs: … [Read more...]
How to Value a Medical Practice – Art or Science?
Medical Practice Valuation What is medical practice worth? IT DEPENDS! And once you understand this sole fact, you can then begin to concentrate on how to get to the answer. There is a great misunderstanding in the medical community as to what constitutes the value of a medical practice. … [Read more...]
Year End Tax Strategies for Your Stock Portfolio
Tax Strategies for Your Stock Portfolio When you take advantage of the tax code’s offset game, your stock market portfolio can represent a little gold mine of opportunities to reduce your 2020 income taxes. The tax code contains the basic rules for this game, and once you know the rules, you can … [Read more...]