Most people are going to be pleased with the proposed 2018 Tax Brackets However, there is a “sweet spot” for the government, in the 2018 tax brackets, where some people aren’t going to see a cut. So if you are filing single in 2018, the government may be giving you a little incentive to find […]
Category: Doctors
How to get a Bank Loan
How to get a bank loan to buy a business If you have a medical license you are in luck. Banks are aggressively pursuing this portfolio and will compete to get your business. Wells fargo’s practice finance division in Emeryville CA (was matsco years ago) Bank of America has a practice solutions division Both of […]
Vlog
The Medical Valuations Vlog Menu: Bitcoin & Other Bubbles 2018 Tax Changes How to get a bank loan When to use the Rule of Thumb MV Intro VLOG 12/22/17: Bitcoin & Other Bubbles I meant to put this video out last week, but I had some trouble editing it and then it kind of slipped […]
SBA Loans
If You Are in the Medical Field Don’t do a SBA Loan In general SBA loans aren’t a bad thing, it’s just that the government forces banks to comply with their SOP book that is like 400 pages.
Share an Office
Creative Way to Share an Office SSK Plastic Surgery moved into their new location in Newport Beach, CA. Dr. Kelshadi had his open house a couple of weeks ago so we got to go on the grand tour. The office has two treatment rooms, a consultation room, Dr. Kelshadi’s office, and an admin area. However, […]
Where Does My Money Go? A Review of Overhead
Where does my money go? Is my dental practice overhead too high? Have you asked colleagues how much their overhead is? Have you received answers from 40% all the way up to 90%? Don’t worry, most of the confusion is due to how they define their overhead. Some doctors may view their overhead as everything that […]
Start a Business
How to Start a Business I have focused my career to help medical professionals create partnerships, retire, or start a business. As an entrepreneur, I have had to figure out what is necessary to start a business. I had to learn how to do things the hard way. I made many mistakes, but have managed to run my […]
How to Split Profits With a Partner
Thinking about adding a new partner into your medical practice? How are you going to split profits? Depending on your entity status you probably have been taking your salary/draw in a tax efficient way. Also, many of you have been using the practice as your personal check book in an effort to lower your taxes. […]