Friendly Doctor Structures The IRS is reviewing questions of control and beneficial ownership in “friendly doctor” corporate structures to issue guidance, and it doesn’t encourage taxpayers to seek letter rulings at this time, according to an agency official. “This is probably not a good time for … [Read more...]
Working and Receiving Social Security Benefits
What you need to know about working and receiving social security benefits Social Security has some 2,700 rules, and one of the most confusing and misunderstood is the retirement earnings test (RET). Some people may think they can’t work — or shouldn’t work — while collecting Social Security … [Read more...]
Retirement Expenses to Remember
Retirement Expenses to Remember Thinking retirement? No matter how much you’ve thought about retirement already, it can be easy to overlook some of the details that will make your post-employment years run smoothly. You probably have the basics covered but be sure your plans and projections factor … [Read more...]
Live and Breathe Your Written Values
Does your practice live and breathe your written values? I was recently at a physician’s office and in the waiting room was a framed copy of the following: Patient Bill of Rights As a patient of our Clinic, you have the right to considerate and respectful treatment from all staff members of … [Read more...]
Dear Physician-Can You Attain Financial Security?
Can You Attain Financial Security? Downturns in physician practice economics has taken long-standing personal finance calculations and turned them on their head. As a result, many physicians face an endless set of questions concerning their personal finances and financial security. Will there be … [Read more...]
Fundamental Reasons Why Physician Groups Need Leadership
Leadership is Needed Here’s one simple reason why physician groups need leadership: Solid leadership unlocks a practice’s potential. It’s possible to run a physician group practice without a designated physician leader, but the group probably won’t perform nearly as well as it could or should. … [Read more...]