News

Graphic showing 20% on a pie chart

5 Ways Dental Practices Can Take Advantage of the 20% Pass-Thru Deduction

Tax reform, commonly referred to as the Tax Cut and Jobs Act, has many new provisions that became effective for tax years beginning January 1st, 2018. One provision in particular created a deduction up to 20% of “qualified business income” earned from pass-thru entities and sole proprietors…

Photo of doctor at independent practice consulting with patient

Practical Management for Independent Practices

This excellent post is from Pacific Northwest Healthcare Practice Consultant Lonnie Hirsch of Hirsch Healthcare Consulting. Lonnie has identified top 10 challenges that face physician-owned independent practices. The list includes financial and profitability challenges, the emotional states of being overwhelmed and confused, time and resource constraints, physiological barriers to success, and more…

Depreciation Tips for Small Healthcare Clinics

Growing your practice by investing in new high-technology medical equipment is one of the best strategies for the success of your business. Interest rates are still very low and business loan interest is still 100% tax deductible. The newest technology … Read more…

WEBINAR: Tax Reform & Planning Opportunities for Physicians, Dentists, and their Practices

In this free webcast, you’ll learn about the potential planning opportunities available to you and your medical or dental practice, and how the changes could impact your tax liability for 2018. We’ll review changes to tax rates, exemptions, credits, Section 179, the new 20% deduction for qualified business income (also referred to as the “pass-through deduction”), and new considerations for your business entity…

Book Review: The Five Dysfunctions of a Team – A Leadership Fable

The Five Dysfunctions of a Team by Patrick Lencioni is a must read for anyone that works in a close team environment. Patrick Lencioni uses a fictional story to lay the groundwork for a model that applies to any team. The story is engaging and keeps the reader’s attention as we learn about how to create a functional team…

Client Spotlight on QSL: Leaving a Legacy in the Family Business

Working alongside their parents and siblings isn’t for everyone. But for the Koke family, owners of QSL Print Communications, such an arrangement is second nature. In fact, the fourth generation of leaders at the Springfield company say working with family members is one of the…

Broker Check