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Personal Finance

Personal Finance

The end of the year is a time when doctors begin thinking of ways to reduce their income tax exposure. Be wary: it is also a time rife with abusive tax plans.

As physicians, we take the Hippocratic Oath to swear that we uphold specific ethical standards. Don't you want a financial adviser who has done the same?

Physicians who buy a medical practice assume a large spectrum of risk beyond their personal medical malpractice liability.

Over the years, I have seen many physicians make mistakes when planning for their children's education costs. Here are three of the most common.

Selling a medical practice involves vital planning issues beyond the sales transaction. Liability and risk management planning should be part of every financial plan for sellers.

Trying to compare your investment returns to any given benchmark can be misleading and lead you down the wrong path.

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  • Changing tax laws and other financial issues are a lot for a physician and his office to keep up with. So what can you do to ensure you follow all the necessary guidelines to protect yourself and your practice? You can ask for some help.

  • Podcast

    Michael Williams, managing partner of Weitz & Williams CPAs and member of the National CPA Healthcare Advisors Association, discusses some of the changes to this year's tax code that could affect physicians.

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