Keep in Mind the Child and Dependent Care Credit this Summer
Day camps are common during the summer months. Many parents enroll their children in a day camp or pay for day care so they can work or look for work.... Read More >
Tax Court – Doctor Couldn’t Group Airplane and Medical Activities; Losses Disallowed
The Tax Court held that a doctor couldn t group his LLC, which held a personal airplane for use in flying to patients in rural areas, with his interests in... Read More >
Importance of Updating Beneficiary Designations
Most of us have more than enough to do. We re on the go from early in the morning until well into the evening six or seven days a week.... Read More >
If your physician office has less than 50 employees, here’s how ACA affects you
Most employers have fewer than full-time employees or full-time equivalent employees and are not subject to the Affordable Care Act s employer shared responsibility provision. If an employer has fewer... Read More >
Ever receive a partnership interest in exchange for “sweat equity” (services)?
Value of Services Does Not Create Basis until Taxed The taxpayer, along with four other individuals, formed an LLC treated as a partnership for tax purposes. The taxpayer did not... Read More >
Dear physician, do you have a will?
I received the following email yesterday from the American Institute of CPAs and it s right on point. While not directed towards healthcare professionals specifically, we know that physicians are... Read More >
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As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >
