Reading Time: 6 minutes
The K-1 arrives in March. You have seen this form before and you know roughly what to do with it. Then you notice a state abbreviation you did not expect, attached to a schedule you do not remember requesting, for a state you have never lived in, worked in, or visited.
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Reading Time: 8 minutes
The month closed fine. More came in than went out, and nothing on the statement suggested a problem. Then the first week of the next month arrived. Rent cleared. The equipment note cleared. Quarterly insurance posted.
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Reading Time: 5 minutes
Your commission check for the Chesterville Road closing landed on Thursday. The sale price was $300,000. Your side was 2.5%, with the broker split taken off the top. $5,250 hit your account by early afternoon.
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Reading Time: 5 minutes
Every spring, a version of the same conversation happens. A client opens a K-1, sees a number in the tens or hundreds of thousands, and asks where the matching deposit went.
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Reading Time: 5 minutes
Stephanie Murrin signed her 1993 tax return in good faith, a fact central to the Third Circuit’s decision in Murrin v. Commissioner. Her preparer placed false entries on it. She did not know. The IRS later stipulated she had no intent to evade tax.
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Reading Time: 6 minutes
Stephanie Murrin signed her 1993 tax return in good faith. Her preparer, Duane Howell, placed false entries on it. She did not know, and the IRS later stipulated she had no intent to evade tax. She signed her returns through 1999 the same way.
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Reading Time: 3 minutes
Your second-highest-producing associate has been with your medical practice nine years. She joined the year you moved into the building, took her first call on a Tuesday in October, and within eighteen months had built a panel that ran three deep on the schedule by Wednesday morning.
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Reading Time: 3 minutes
Medical practice consultants charge tens of thousands to help you set goals. Make plans. Improve processes. Find your “why”. But successful practices, the ones that enable owners to live the lives they want, aren’t built that way.
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Reading Time: 5 minutes
Your practice produced a profit last month. Your bank account does not agree. And yet payroll is tight, the credit line got touched again, and the financial pressure that was supposed to ease has not moved.
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Reading Time: 3 minutes
Every medical practice owner knows the pattern. The renewal cycle opens. The timeline compresses. The negotiation happens on the payer’s schedule. The rate moves the same two percent. Six months later, nothing has changed.
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