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Leverage Your Assets to Increase Your EarningsLeverage is a method by which you can do more with less. Less effort. Less money. Less time. If you are looking for a shortcut to financial success, leverage is the closest thing to it.
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What Financial Reform Legislation will Mean for YouDemocrats want to push ahead now. Republicans want to wait until a firm bipartisan agreement is in place. Both want financial reform legislation passed. Once they quit wrangling over details and approve it, this is what it will mean for you.
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Ben Graham's Get-Rich Investing Secret, More Valuable Than EverEveryone has their own system for investing that they swear by, but they all have their own deep flaws. Here's a list of pros and cons of some of the most popular investing systems.
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How Long Should You Keep Tax Documentation?Following Florida's statute of limitations is a good rule of thumb for saving all records, though some accountants prefer six to ten years of substantiation. If you want to bequeath property as a gift, however, that's another story.
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Tax Planning Tips to Achieve Maximum Tax SavingsWhile planning to reduce your taxable income is important, it is equally imperative that you take advantage of the multitude of federal and state tax credits that are available.
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Four Tax-Saving Ideas You Can, and Should, Do NowAs a physician, your income likely puts you in the top marginal federal income tax bracket. There are four ways to potentially save taxes, and you should look into them now.
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6 Steps to Reduce Taxes on InvestmentsIndividuals in the highest income tax brackets may discover unpleasant surprises this year when they learn of their investment tax liability.
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The Pitfalls of Focusing Too Much on DividendsDividends can be a good way to get investment income, but many investors focus on this so much that they reduce their potential total portfolio gains.
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Health Care Delivery Model Designed by CMS Improves Outcomes, Doesn't Reduce SpendingWhile CMS and other payers use alternative payment models rewarding quality and value, CPC provides important lessons about supporting practices in transforming care.
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End of Year 401(k) Tips for Private Practice OwnersMaking sure your personal, and employee's, 401(k) is the best it can be should be a priority as you head into the new year. Using this guide, you might be able to find ways to make your plan better.
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Hey, Physicians -- Is it Time to Write Your Book?Have you noticed how many people are writing books lately? Maybe some colleagues and competitors in your field have recently become published authors. Do you wonder if becoming a published author is for you?
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ASCO 2014 Put These Biotech Stocks in FocusSeveral companies presented data on their approved and experimental oncology drugs at this year's ASCO meeting, and these biotech stocks look poised for growth.
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Are Secret Accounts and Offshore Havens Gone for Good?Secret accounts in Switzerland or the Cayman Islands are being closed down to U.S. residents because of some new attacks by the IRS.
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Interoperability and RiskThe future of interoperability is sharing critical information at the point of care, providing all physicians within a patient's care continuum with a longitudinal medical record.
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Save on Taxes, This Year and BeyondThere's still time to cut your 2014 federal income taxes, plus create a more tax-efficient strategy for 2015 and beyond.
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Study: Nearly a Third of Doctors Wouldn't Report an Impaired or Inept ColleagueOne in three physicians who know a colleague is impaired or incompetent would not report that person to the proper authorities, a new survey reports. Doctors, has this ever happened to you?
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Employee Embezzlement: Maximizing Your RecoveryWhile some practices have implemented controls for preventing and detecting employee theft and embezzlement chances are they are out of date or no longer being followed. That complacency can prove costly.
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Healthcare Employees Have Highest Asthma RatesA new report by the Centers for Disease Control and Prevention, with over 200,000 respondents in more than 20 states, indicates that adults working in the healthcare and social services field have higher incidence of asthma than people employed in any other industry.
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New Dedicated Medical Smartphone ReleasedThe fully featured health care smartphone gives patients and consumers a wide range of embedded medical sensors, wellness-related apps, cloud-based services and 24/7 call center support.
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The State of Medicine on the Provider SideWhile it is noble to try to provide insurance to every citizen in our country, we cannot do it on the backs of our providers (physicians, medical students and hospitals).
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Limitations for High-Income TaxpayersHigh-income taxpayers will face caps on tax breaks when they file their tax returns next year. This means they might not be able to deduct all of their home mortgage interest or charitable contributions.
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Military Medics Face Steep Barriers in Transition to Civilian MedicineWhen military medics leave the armed forces, they bring with them above-average knowledge of trauma care and acute medical career. Yet without traditional medical credentials, they often face hurdles continuing their careers in the civilian world.
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Discount Websites a Bad Deal for DoctorsDiscount, coupon and other "deal" websites such as Groupon and Living Social have attracted tremendous interest among health care providers, but they should exercise extreme caution before entering into any agreements.
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Eight Financial Steps to Setting Up a New PracticeYou wouldn't run a marathon without creating and sticking to a training program. Forgo one and you won't have the endurance to make it to the finish line. So why would you dive headlong into opening a medical practice without fully understanding all of its financial aspects?
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Planning to Prepare for Clients' Needs as They AgeWith an aging client population comes certain changes in health that could affect a firm’s ability to provide wealth management services to their clients.
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Unless You're Wealthy, Never Buy a New CarAs a depreciating asset, a car is an investment that is guaranteed to decline in value. How you buy and finance a car can make a huge difference in your financial health.
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ARRA and Beyond: How to Select a Stimulus-ready EHR for the Life of Your Practice and Your PatientsNow that CMS and the Office of the National Coordinator for Health Information Technology have released meaningful use criteria, physicians have a checklist for selecting the right HER to assure they'll meet the standards. And there's still time.
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Commodities: No Panacea for a Bad Stock MarketA simple thought experiment demonstrates the long-term yield of commodities. Purchase shares of an S&P index fund, a long-term bond, and a piece of wood, and lock them away for 25 years. Which will be worth more when you finally open the safe?
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The Right Rx for Setting Up a New Medical PracticeAs a resident or new physician, or a physician considering a change in your current situation, starting a new medical practice brings with it a laundry list of questions in regards to carrying out your mission. Here are the main questions to consider.
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Protect Your Investments Following Fed's Decision to Raise RatesThe Federal Reserve’s decision to raise interest rates last week has sent ripples through the global economy. But you may be feeling the impact a bit closer to home, if you’ve looked at your portfolio. Fortunately, there are a few things you can do to protect your investments. Read on, particularly if you’re heavily invested in bonds.
