Protect Your Business or Medical Practice From Internal Fraud

Fraud Internal

Business and medical practice owners and managers must be aware of internal fraud and embezzlement that often capitalizes on recurring year-end cycles in revenue, spending and inventory and a lack of regular oversight. I covered some of the external fraud scheme you face at year-end in another discussion including a detailed look at invoice fraud.  While I provided […]

How To Document Property Damage Claims at Your Business or Medical Practice: Asset Protection

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As we’ve seen across the United States over the last year, severe weather, disasters and even intentional acts of vandalism can cause financially devastsing  property damage. Below are tips on how to document and pursue claims with your insurance company to enforce your rights under your  property and casualty policy. • Step One: Actually having […]

Income Tax Deductions Doctors and Business Owners Often Overlook

CPA TJ CASEY

As tax day bears down on us with increasing momentum, I turned to a CPA for some tips on commonly overlooked deductions. As always, legal and tax advice given in this forum can only be general information and can never be considered individual tax advice, so discuss these issues with your own CPA now, while […]

This Doctor’s Love Affair Became Malpractice

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A doctor gets a six figure award against him unanimously upheld by an appeals court. We can protect you against lots of things, but your own actions are sometimes our greatest challenge. See the whole story as reported on medline here: This Doctor’s Love Affair Became Malpractice http://www.medscape.com/viewarticle/775952?src=nl_topic

Start-Ups: When Does Liability for Your Business or Medical Practice Begin? – Asset Protection

BUSINESS AND MEDICAL PRACTICE OWNER LAIBILITY

The many discussions we have shared here have largely centered on asset protection and other legal and financial issues faced by physicians and business owners. The bulk of those discussions assumed that you own or run a business or medical practice. Due to the growing availability of financial and legal education resources available to business owners, […]

A Physician’s Start-Up Guide: Picking the Best Real Estate for Your Medical Practice

law and money for doctors

Buying the perfect building for your medical practice requires you to consider much more than “location, location, location.”  In our first two discussions on starting a new practice we’ve examined both the fine points of doctors’ serious liability for debt involved with buying a building or financing a medical practice start-up and common issues physicians […]

The Physician’s (and Business Owner’s) Simple Asset Protection Self-Exam

ASSET PROTECTION

Several readers have contacted me with a similar question after reading many of the discussions featured here. Though phrased in different ways, the question is essentially this: How can I quickly figure out what I have exposed at any given time? I’ve provided a simple start to answering this question for you below. It will […]

Asset Protection for Medical Practice Receivables

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A common recurring question I get from high-income practice owners and executives centers on the best techniques to protect a medical practice’s income after the individual physicians’ personal assets are well secured. The marketing for these strategies peaks around tax time and at year end when promoters are aware that doctors are especially sensitive to […]

D.I.Y. Asset Protection Strategies Every Physician and Business Owner Can Implement

law and money for doctors

Many of the issues and case studies we have discussed on physician asset protection planning in the age of decreased earnings and unlimited liability may seem daunting and complex. Fortunately, not all the moves you can make require a great deal of time and expertise to address. Here are some small simple issues that every […]

Doctors Going Broke in the News (and Those Who Aren’t )

law and money for doctors

There has been a great deal of discussion about the current financial state of American doctors in the news and in many online forums frequented by physicians. All problems identified in the article and the subsequent discussions it has spawned are related directly to the general poor state of the economy. Primarily, decreases in compensation; […]