The SECURE Act and Your Retirement Plan

As if we haven’t gone through enough legislative change due to the Tax Cuts and Jobs Act (TCJA) tax law overhaul, the President recently signed into law a bill called the SECURE Act, which is the first major overhaul of retirement legislation in more than a decade. The SECURE Act stands for the hokey (yet descriptive) acronym of “Setting Every Community Up for Retirement Enhancement.”

What Are The Advantages of an SBA Loan Versus Other Conventional Financing Options?

At some stage, business owners are ready to launch and take the next steps to grow their business. In many cases, financing is needed to get to that next level. It’s essential for business owners to have knowledge of the variety of financing options available. For businesses just getting started or those looking to grow, a government-backed loan from the Small Business Administration (SBA) may make the most sense.

Last-Minute Tax Planning, 2019

Before any tax planning can be properly performed, physicians must have a good understanding of the year-to-date net income for both their medical practice and their personal taxes. This requires having timely financial statements for the medical practice and knowing the estimated taxable income and projected tax liability for their personal situation.

The Benefits of Financial Planning

The pace and complexity of managing modern finances may leave some people unprepared to achieve a successful financial future. If you’re feeling less than confident about your future, having a well-prepared financial plan can help put you in control.

Should Your Practice Consider Providing Ancillary Services?

In today’s evolving healthcare environment, physicians are seeking to broaden their services to increase revenue and improve the quality of care. This idea of expansion into ancillary services within the healthcare industry is sought as practices are seeing a decline in patient reimbursements and a rise in everyday operational costs.

Consider All Options for Home Financing

San Antonio has always been known as a big city with a small-town, friendly atmosphere.

It’s Never Too Soon to Start Tax Planning

While the summer months are typically synonymous with vacations, this is also the halfway point of the calendar year, and by now, most practices should have a decent feel for how the year is going financially. An up-to-date profit and loss statement with a balance sheet and cash flow...

The Fight to Stay Independent

We hear a lot of discussion about physicians not being able to maintain their independent medical practices because of greatly increased administrative burdens, higher expenses and especially the current trend of lower reimbursements. That same discussion points out that physicians leaving residency will not open new practices, opting instead to join hospital systems.

Is the Direct Primary Care Model for You?

Dina Petrutsas, CPA

Many physicians may recall years ago when commercial insurance payers paid a percentage above the CMS Allowable, and Medicare was one of their lowest payers. Today, for many small groups and solo physician offices, Medicare is their best payer. This change has caused...

What Should You Do To Protect Against Fraud?

As technology rapidly changes, you are more prone to fraud attacks, so it’s essential you know how to protect your accounts from fraud. Take the opportunity to review them often to reduce that risk.