Looking for Tax Advantages? Consider These 2 Asset Classes
Although our tax code changes somewhat regularly, both real estate and cash value life insurance have shown superior tax treatment for decades.
Are You Prepared for Potential Tax Law Changes?
In this month's Finance & Practice Management article, Carole C. Foos, CPA, and David B. Mandell, JD, MBA, give an overview of potential upcoming tax law changes.
Estate Planning Essentials: What Dermatologists Should Know
In this month's finance and practice management article, David Mandell, JD, MBA, and Carole Foos, CPA, discuss estate planning for dermatologists.
Qualified and Nonqualified Retirement Plans: Why Many Dermatologists Should Use Both... but Don’t
“With a traditional QRP [qualified retirement plan], a participant trades today’s tax rates on their contribution for the tax rates in the future, when they withdraw the money from the plan. If rates rise, the QRP might prove not to be a good deal at all.”
Legal and Tax Options for a Practice’s Structure
Both legal and tax factors come into play when deciding on the best corporate structure for a dermatology practice.
Are your assets exposed?
In today’s litigious environment, asset protection should be part of physicians’ financial plans. Doctors should educate themselves and consider getting expert advice.
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