Emergency funds, retirement accounts, and more.

2021 year-end financial planning checklist

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Staff Salary Survey 2021: Finances

, JD, has practiced law exclusively in the areas of asset protection, risk management and wealth preservation for the last 16 years. He helps protect a national client base with more than $5 billion in personal assets, including several thousand physicians. He is a contributing author to multiple books for physicians and a frequent medical conference speaker and CME presenter. 

Articles

Part two of our look at abusive tax planning schemes that are heavily promoted doctors at year-end. We examine specific schemes to avoid, including those that the I.R.S. is making a special effort to crack down on. 

Specific tax fraud traps physicians should avoid

MBA, CFP®, AIF® began her career in financial planning in 1988 and co-founded Atlanta Financial Associates in 1992, merging into 

in 2020. She specializes in working with physicians and executives in the healthcare industry. Her passion for working with physicians comes from being a pediatrician’s spouse for more than three decades. Julie has been featured on Forbes’ list of America’s Top Women Wealth Advisors since 2017 as well as Forbes’ 

Many high-earning physicians find that taking advantage of a donor-advised fund is often a simple and tax-savvy way to make charitable contributions.  

Donor-Advised Funds: Top five benefits for high-earning physicians

Receiving cash for a referral is the most obvious gift that violates the Anti-Kickback Statute. Here are eight more.

Eight gifts that violate the anti-kickback statute

Basic rules to be aware of and some specific tax plans that require extreme caution and due diligence. 

Fall tax fraud warning for physicians 

is the Educational Program Director and a CERTIFIED FINANCIAL PLANNER

 at MEDIQUS Asset Advisors, Inc. He specializes in wealth management solutions

Disability insurance protects your most valuable asset—your ability to practice and earn an income in your specialty field.

Disability insurance is likely worth the added expense

Ericka L. Adler, JD, LLM has practiced in the area of regulatory and transactional healthcare law for more than 20 years. She represents physicians and other healthcare providers across the country in their day-to-day legal needs, including contract negotiations, sale transactions, and complex joint ventures. She also works with providers on a wide variety of compliance issues such as Stark Law, Anti-Kickback Statute, and HIPAA. Ericka has been writing for Physicians Practice since 2011.

Here’s how to make sure your practice is in compliance with Stark regulation clarifications taking effect January 1st, 2022.

Review your practice’s compensation methodology before the end of the year

Alfredo Rosing is the Vice President of Marketing at Greenbox Capital®. 

With over 25 years of combined experience in marketing and financial services, Alfredo is an expert on innovative financial technologies with a passion for connecting consumers and businesses with socially responsible funding. Prior to joining the Greenbox Capital team, Alfredo launched an award-winning online lender that was recognized as the winner of the 2017 Fintech Awards US Firm of the Year for Lending Innovation Award. Alfredo is a graduate of Southern New Hampshire University with a BS in Marketing.

The best medical practice loan ultimately depends on your goals and your practice’s creditworthiness. 

Six medical practice funding and physician business loan options

These plans can offer a variety of potential benefits that go beyond their traditional role. 

Using a 529 Plan for estate planning 

When managing their practices, a lot of very good doctors make bad business decisions because they lack the same data-driven rigor they give to patients.