Tag Archives: Practice Management

What Do I Do With My Current Staff If I Outsource My Accounting?

Why does the thought of outsourcing your accounting cause you heartburn?  Likely because it promises to reduce or eliminate staff pay for your company.  For […]

If You Care About It, You Will Track It

Calories. Blood sugar level.Cholesterol.Money. Weight.If we care about it, we track it.So when someone questions the profitability of a segment of your business, that answer should be readily available. For example, is that office making you money?Simple question. ​Is the investment you have allocated undertaken in time, energy and capital producing a return adequate to compensate for the risk taken? ​ It should be a simple question of pulling a f […]

Did My Practice Get a Tax Cut?

With the tax cuts passed in December of 2017 and most of them taking place in tax year 2018, many professional practices are asking if they received a cut. While the cuts were broad and impacted most industries, there are some who will see no business tax cut. The Tax Cuts and Jobs Act (TCJA) gave the individual taxpayer a reduction in rates, reduced the number of brackets, almost doubled the standard deduction and made all sorts of problems for individuals in high tax states, b […]