Tips from Medical Practice Bookkeeping Expert: Shawna Aho, STAC Bizness Solutions. I’m going to get right to the point in this post… Personal expenses are different from business expenses so please do not run personal items through your medical or dental practice. ...
When it comes to private practice physicians, the strong and continuing trend is to work as an independent contractor versus an employee of the practice. As a result, when you started practicing medicine in Texas you most likely established a Professional Limited...
Let’s talk medical practice finances… As a practice owner, how do YOU define success? Of course, your answer may take on many different forms… and the definition of “success” will vary greatly by practitioner – feelings of accomplishment, making a...
2017 income tax preparation seems a long way off. Make it easier by tracking all the deductions you can take. You’ve heard it said before: Tax planning should be a year-round process. It’s so true. Your life will be a lot easier early next year when all your tax forms...
It’s a major milestone for you, but it comes with a lot of paperwork that must be done correctly. Bringing a new employee into your business is a reason to celebrate. You’ve done well enough as a sole proprietor that you can’t handle the workload by yourself anymore....
It’s not just the self-employed who must submit estimated taxes. IRS obligations are pay-as-you-go. Much as we may grumble about them, estimated taxes and payroll withholding are good things. Imagine preparing your taxes in April having not paid in anything through...
