Entries by David Auer

Tax Planning for Locum Tenens Physicians

New to a locum tenens assignment? To optimize tax planning and maximize savings, here are important factors to consider. Being a locum tenens physician gives you a great deal of flexibility, providing new opportunities during a career and a chance to gain further professional experiences and perspectives. You can potentially work in locations you wouldn’t […]

How to Nail a 90-Day Action Plan

An action plan helps you reach both short- and long-term goals while developing foresight and flexibility Creating a 90-day action plan for your business helps set and reach clear and realistic goals. This roadmap can also narrow down your short-term objectives to prioritize focus for a set period. And an action plan will help you […]

Paying Tax on Insurance Premiums and Benefits

Being aware of your tax situation and where you can avoid paying it could bring considerable savings to both individuals and businesses. Insurance is a necessity because it protects you from uncertainty. Without this safety net in place, you could end up with out-of-pocket expenses that take you a lifetime to repay. With apologies to […]

COVID-19 Tax Deductions That You May Qualify For

The COVID-19 pandemic has activated provisions in the Internal Revenue Code (IRC) that could make you eligible for tax benefits for certain relief payments. Learn more about IRC Section 139 and other applicable tax credits. Section 139 of the Internal Revenue Code (IRC) outlines rules and guidelines for disaster-relief payments. As COVID-19 continues to impact […]

How Physicians Can Protect Themselves Against Tax Fraud

Tax fraud is rampant, and doctors are a targeted group. Here are steps physicians can take to lower the risks Tax fraud is an ongoing battle for both U.S. citizens and the IRS. Victims often unknowingly share too much personal information that leads to the filing of fraudulent returns—or they provide false data on their […]

How to Avoid Sinking Your Succession Plan

Even the strongest business can be decimated without a solid succession plan. Here’s how to avoid common pitfalls As with any part of business strategy, succession planning is one piece to the puzzle for companies to have a long life. And it’s not a small consideration. Succession planning can drive continued business growth, lead to […]

The 5 Steps to Financial Freedom

It’s crucial to be equally strong in 5 key areas to maximize financial efficiency and ensure continued growth Ensuring the financial health of your business relies on the diligent review and management of a combination of factors, not just one or two areas. This involves carefully evaluating where you’ve been and what your numbers look […]

Every EOS® Step, Explained

Learn the six steps of the Entrepreneurial Operating System® (EOS) and how to use them when planning for business growth The Entrepreneurial Operating System (EOS) is used by founders and businesses to improve processes and set up a successful path to long-term growth. The concepts and tools presented in EOS help teams become more aligned […]

The Fine Art of Estate Equalization

Crafting an estate plan that satisfies all of your heirs can be challenging. An unequal estate could mean that your legacy is compromised, especially if you own a business. Consider every angle in advance for the fairest outcome. One of the trickiest components of estate planning can be knowing how to divide assets among beneficiaries. […]