Watch Trends and Forecast Financials to Improve Fiscal Outlook
You can’t afford to pay a vendor until you receive reimbursement for several outstanding claims. You look at national benchmarks and see that your practice lies below average. Your overhead costs soar above a number you didn’t hit once the past eight months. These scenarios generally indicate financial trouble for a practice.
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It’s That Time of Year Again
It's time for a new year resolutions again. This is an article I wrote last year and I'll keep publishing it until physicians and their managers get it right.
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Life Insurance Premium Payments Not Deductible Business Expenses
The Tax Court recently held that life insurance premium payments made on behalf of doctors by a partnership consisting of S corporations owned by the doctors are not deductible as business expenses to the partnership or the S corporations and it has held that the premium payments are not income to the individual doctors.
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