Can Physicians Lose Their House in a Malpractice Lawsuit?
Find out what’s really at stake
There is a perception that malpractice lawsuits may cost doctors everything – their assets, savings, or even their house. But while malpractice cases can be lengthy and expensive, it’s actually very rare that a doctor would lose it all in these cases if he or she has the proper insurance coverage.
Read MoreEmployee vs. Contractor: Why Not Knowing the Difference Can Land Your Business in Hot Water
Make sure you fully understand the ramifications of mislabeling a worker when doing your taxes Your business may see big benefits in hiring independent contractors for certain work. But it’s crucial to remember the difference between an employee and an independent contractor when reporting your taxes each year. Making a mistake in differentiating between the…
Read MoreHow to Minimize Taxes When You Sell Your Medical Practice
Understanding these key issues keeps more money in your pocket than Uncle Sam’s Small, independent medical practices once dominated the medical landscape. But doctors are increasingly giving up their independence to join larger groups or hospital systems that eliminate the headaches of running a business in today’s health care climate. 2016 marked the first time…
Read More6 Tips for Finding the Tax Advisor Who Can Help You Achieve Your Financial Dreams
How choosing the right partner can save business owners millions Smart tax decisions can often save business owners millions of dollars over a lifetime. And that makes partnering with an exceptional tax advisor one of the most important steps you can take to protect and grow your wealth. Great tax advisors don’t simply do the…
Read MoreHow to Avoid Choosing the Wrong Tax-Advantaged Retirement Plan
There’s no one right way to save for retirement. Weigh the pros and cons of each type of account. Then do the math to figure out which one will save you more tax in the long run. There are many retirement savings accounts out there that offer tax savings and substantial long-term asset growth. But…
Read MoreInvestments that Give You the Biggest Tax Breaks (Part Two)
Tax-advantaged income generators offer major benefits to sophisticated investors When it comes to investing, the returns you make aren’t all that matter – the endgame is also about how much cash stays in your pocket after taxes. In the first installment of our two-part series on investments that offer the biggest tax breaks, we considered…
Read MoreHow to Avoid Overpaying Tax on Mutual Funds
Mutual funds can be taxefficient investments – that is, as long as you are aware of the strategies necessary to avoid overpaying the IRS Investing in mutual funds is a way for investors to pool security ownership with other investors. But when you’re considering taking advantage of the benefits of mutual funds, make sure you…
Read MoreHow to Avoid – or Reduce – Capital Gains Tax
Capital gains tax doesn’t have to overshadow your profits. Capital gains are profits you see from the sale of assets and investments, such as stocks and bonds or real estate. Any capital losses you experience each year are offset against these gains. Capital gains tax is the tax you must pay to the IRS on…
Read MoreUnderstanding the Data Scorecard
Measuring the right activities today can tell you where your business is going tomorrow Being in the right place at the right time isn’t always a matter of luck. Organizations that adhere to the principles of the Entrepreneurial Operating System (EOS) use a powerful tool which allows them to take the pulse of their business…
Read MoreInvestments that Give You the Biggest Tax Breaks (Part One)
Insurance products offer tax-deferred growth while hedging your financial risk Investing is a wise way to build wealth for the future. But taxes can take a big bite of the money you earn if you don’t choose the right products. Fortunately, advanced planning can put you in the driver’s seat, enabling you to make informed…
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