Tips for Maintaining Medical Practice Profitability on providentcpas.com

Tips for Maintaining Medical Practice Profitability

/
Expand with novel services. Connect with new patients. How to…
What’s the Magic Number a Doctor Needs to Retire? on providentcpas.com

What’s the Magic Number a Doctor Needs to Retire?

/
Doctors can get burned out fast, and early retirement grows more…
Financial Strategies Every Mid-Career Doctor Should Consider on providentcpas.com

Financial Strategies Every Mid-Career Doctor Should Consider

/
As your career hits its stride, taking these 8 steps is key to…
Retirement Planning for Doctors: Why It’s Tougher Than You Think on providentcpas.com

Retirement Planning for Doctors: Why It’s Tougher Than You Think

/
8 steps you should be taking to retire on time with the lifestyle…
A Doctor’s Guide to Estate Planning on providentcpas.com

A Doctor’s Guide to Estate Planning

/
Learn how to create and structure an estate plan specific to…
The TCJA is in Full Effect: How Physicians Can Keep More Money on providentcpas.com

The TCJA is in Full Effect: How Physicians Can Keep More Money

/
The new tax law made it easier for many doctors to pay less,…
Should You Restructure Your Medical Practice After the New Tax Law? on providentcpas.com

Should You Restructure Your Medical Practice After the New Tax Law?

/
Converting from an S corp to a C corp isn’t a decision to make…
Doctors: Pay Off Student Loans Quickly on providentcpas.com

Doctors: Pay Off Student Loans Quickly

/
6 strategies for taking years off medical school debt and saving…
Many Doctors Moonlight. How Does it Impact Their Taxes? on providentcpas.com

Many Doctors Moonlight. How Does it Impact Their Taxes?

/
It’s important to understand what supplementing your income means for your taxes. Modern medical debt is mounting. The figures run high to enter the medical field: $240,000 to $340,000 for a public or private degree with a median graduating debt of $190,000. It’s no wonder moonlighting is used by many physicians to get ahead. It can provide a valuable income stream at a crucial point in a graduate’s life, though not all who moonlight are fresh out of class.
Real Problem Solving: How to Truly Tackle Your Company’s Dilemmas on providentcpas.com

Real Problem Solving: How to Truly Tackle Your Company’s Dilemmas

/
How’s your track record at addressing and resolving issues? It’s the elephant in the room. You see the problem, but everybody wants to avoid a discussion. Why is that – especially when it’s an obstacle that can kill organizational performance and profit? We live in an age where a company can lose a significant amount of its value because of a news report. Other, subtler issues linger long-term, limiting growth and success. When there’s a problem, it often has to be dealt with. Right now.
Why High-Income Doctors Continue to Drown in Debt on providentcpas.com

Why High-Income Doctors Continue to Drown in Debt

/
On average, physicians make the highest salaries across the nation. But many doctors still continue to drown in debt due to student loans and poor spending habits Attending medical school and becoming a physician has long been a noble and sought after career choice. Also, one of the highest paying. In U.S. News and World Report’s 2019 Best Paying Jobs List, (which also takes into account employment, growth rates, and job prospects) the 11 best-paying jobs are in the medical field. The highest is an anesthesiologist, paying a median annual salary of $208,000.
The 8 Biggest Asset Protection Mistakes Doctors Make on providentcpas.com

The 8 Biggest Asset Protection Mistakes Doctors Make

/
A successful lawsuit without enough insurance could threaten a lifetime of savings In today’s litigious society, getting sued is not uncommon – especially for doctors. One in three physicians has a medical liability lawsuit filed against them during their careers, a proportion that goes up as a physician gets older.