Recent tax law changes will reshape how charitable deductions work beginning in 2026. For many individuals, especially high-income earners and consistent givers, the most meaningful planning opportunities sit in 2025. For…
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Beginning in 2026, individuals who itemize deductions and donate to charity will face a new limit on their charitable deductions. And in some cases, they’ll face two new limits. But there’s some…
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As the year comes to a close, many healthcare practices are evaluating whether their current business structure still supports their long-term financial goals. For some doctors, electing S-Corporation status may offer meaningful tax…
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Benchmarking Practice Overhead Every profitable healthcare practice maintains a close watch on overhead. Start by calculating your overall overhead ratio to understand how much of your revenue is consumed by operational costs. Separate fixed and variable costs to…
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As 2025 winds down, it’s important to review your company’s accounting for unused paid time off (PTO). Many employers allow employees to carry forward unused vacation, sick leave or personal…
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The One Big Beautiful Bill (OBBB) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation. If you receive tips or overtime…
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