Home Office Deduction: A Tax Break for Doctors
In running my lean private practice, I use a shared workspace. This cuts down my expenses considerably. But I use the shared workspace only to see patients. I do all the administrative tasks related to my practice from home. So, I do a home office deduction every year. This way, not only am I saving […]
Why I Started a Lean Private Practice
The year was 2020. The COVID-19 pandemic was raging and the world had all but stopped. That was the year I started my solo micropractice. This is the story of why I started a lean private practice. I define lean private practice as the kind of practice which stays lean and nimble, while always razor-focused […]
How to start a Solo Private Practice
Hi readers, first off, an apology for the radio silence from my side. I have a new baby keeping me busy. No, not the human kind. Two of those are plenty. This one’s been a long-held aspiration- my own solo private practice. This post is a basic step-by-step on how to start a solo private […]
Families First Coronavirus Response Act and Physician Practices
Last Update April 5, 2020, 12 noon In an attempt to reduce economic hardship for individuals and families due to the Coronavirus pandemic, there is a new piece of legislation: Families First Coronavirus Response Act (FFCRA) that takes effect April 1st, 2020 (ed: this was amended from April 2nd, earlier). Let’s break down what this […]