My Comments: Someone once asked a famous bank robber why he robbed banks and the reply was to the effect "that was where the money was." Right now, it's money in accounts owned by corporate America and those who are considered among the rich. There's an element of that involved in the politics of whether …
Continue reading The backlash against the rich has gone global
Some of you reading this are physicians in private practice, and while you justifiably enjoy an exalted position in society, as far as the IRS is concerned, you own some or all of a business enterprise and also enjoy all the risks and rewards that accompany ownership of a tax paying activity. For better or …
My comments: Hmmm. I wonder if Mitt still plans to repeal the whole thing if he gets elected this fall? One thing to consider is that if the Supreme Court does repeal all or part of it and insurance companies elect to keep certain elements such as the coverage for children up to age 26, …
My Comments: To hear the Republicans tell it, the issue of having those who make more money pay more in tax is not only brand new, it's subversive, grossly unfair, and clearly a Democratic Party plot to socialize the country. How dare you? by Bonnie Lee / Taxpertise / Published April 12, 2012 Back in …
Continue reading The AMT: Where it Came From and How to Fix it
Last month I posted a blog entitled “Malpractice Insurance – The Financial Black Hole”. The “black hole” analogy is that regardless of how well you practice medicine, and have few or no claims against you, those premium dollars are gone forever. Over a career in medicine, that can be a huge sum. Well, not anymore. …
Continue reading MedMal Insurance – How to Get Your Premiums Back
My Comments: How many of you have been to SeaWorld in Orlando? For some unknown reason, I’ve never been there but I know my kids have and they loved it. The only reason I’m talking about SeaWorld now is because last year the company that owns it generated so much revenue they had a net …
My Comment: This article appeared last November and came from a company well known to us in the insurance industy, A.M.Best Company. This is the company that rates insurance companies to help the consumer make intelligent choices. The topic will be of no interest to many of you. However, it deals with Medical Professional Liability …
Continue reading GOP Jobs Plan Offers Alternate Path for Medical Professional Liability Reforms
My Comment: I was asked a similar question the other day, posed by a distant cousin in England. You have an idea for a business enterprise and among the questions you ask yourself is how it should be structured. This is sometimes an convenient excuse to avoid asking whether the idea has the necessary potential …
Continue reading If Taxes Rise, Should You Form An LLC or Incorporate?
The basic ideas in this post come from Bob Jennings and were published November 07, 2011 on foxbusiness.com You may not have a good idea what your income tax future will look like in 2013 if Congress fails to modify the existing tax rules. Many people have no idea what tax breaks are expiring this …
Helping Define Your Financial Future 