This year’s health crisis has altered the medical industry in a way no one could have predicted at the beginning of 2020. The need to respond to daily challenges may have delayed your ideas, discussions, or even preliminary business plans to open a new medical practice. Now that we’re into the transition period of the […]
Houston is one of the most important cities for healthcare in our country. Private practice doctors in Houston play a critical role supporting patients with a variety of conditions and needs. To continue ensuring that you are compensated fairly for your skills and expertise serving patients, it’s important to regularly evaluate the latest pay trends […]
The Department of Treasury has released the Paycheck Protection Program application and supplemental information, all available on their website. We strongly recommend that small business owners: Review all four documents listed under the “Assistance for Small Businesses” section on this website page. Review the application and accompanying borrower guide. Contact your local banker to discuss […]
At the beginning of 2020, the SECURE Act (Setting Every Community Up for Retirement Enhancement) went into effect outlining new rules that affect employee-sponsored retirement plans. The SECURE Act includes key provisions that affect two sets of employers: Employers that currently offer retirement plans (e.g. 401(k)s and IRAs). Employers that currently do not offer retirement […]
The IRS has introduced a re-designed Form W-4 and removed allowances from the computation of withholding. The changes will apply to new employees who join your practice and current employees that file an updated Form W-4 in 2020. We recommend that you let your employees know about the change. They will likely have some questions! […]
As a medical or dental professional, bringing on a qualified CPA or CPA firm can help your practice thrive. A CPA firm that is well-versed in the accounting needs of practices can save you time and money, as well as give you access to a wealth of financial advice and guidance. Unfortunately, not every CPA […]
There has been a significant shift in the medical industry according to recent research from the American Medical Association (AMA). Only 47.1 percent of surveyed physicians own their practice, down from 50.8 percent and 53.2 percent in the previous two reporting periods, respectively. Why is there a downward trend reflecting fewer physicians owning their own […]
Our CPA firm is committed to supporting great causes and organizations. The “Beat the Odds” Scholarship program presented by the Children’s Defense Fund - Texas is one of those causes that helps courageous students in Houston get a head start on their college education. For the past several years, I have personally donated to the […]
Entering income tax return season, the team at Caudell regularly holds training events to support the community we work so closely with. In November 2019, our CPA firm hosted tax planning workshops for musicians and dentists at our office in Houston, Texas. Each industry has its own unique idiosyncrasies that are important to understand when […]
As a physician, you are seeking to provide advanced, quality healthcare to your patients. Delegating certain tasks that aren’t directly related to patient care can help you do a better job of succeeding at this goal. In the early stages of launching your practice, you may have taken on many responsibilities to keep your practice […]