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...]
Employee Success Equal to Leadership Investment?
Physician Practice Employee Success and Your Leadership When it comes to leadership, one can only expect to get back from their employees what they choose to invest in them. Leaders which remain locked away in their offices and rarely take the initiative to interact with their team create an … [Read more...]
2020 Last-Minute Year-End Medical Plan Strategies
Year-End Medical Plan Strategies For Physician Practices All physician practice owners with one to 49 employees should have a medical plan in their business. Sure, the tax law does not require you to have a plan, but you should. Most of the tax rules that apply to medical plans are straightforward … [Read more...]