Health care providers have focused intently on improving quality of care. The recession and reimbursement issues demand that health providers and their advisors focus that same attention on the business side of the practice. This exciting book gives them the process improvement tools to do it successfully
Now is the Time to Review Payments for Contract Labor
When it comes to worker classification, a medical practice can reduce payroll taxes and minimize fringe benefit costs by using independent contractors versus hiring them as employees. The IRS and your state unemployment tax office on the other hand prefer that a business classify all of its workers as employees so that the employer is responsible for withholding income and payroll taxes. Often there is a thin line as to the correct status.
Doctor Was Employee, Not Independent Contractor, Tax Court Says
The doctor in question contended that he is an independent contractor for Federal income tax purposes and is entitled to deduct business expenses on Schedule C.