There are more ways to separate you from your money than you can imagine. Some are small and seemingly trivial (see Prevent Embezzlement by Sweating the Small Stuff). Other methods are bigger and more costly. Big-Ticket Theft Big-ticket theft is a less common but important and potentially very costly form of embezzlement. Simple theft is extremely common in the … [Read more...] about Preventing Embezzlement of Large Ticket Items
Medical Practice Finances
Prevent Embezzlement by Sweating the Small Stuff
There are more ways to separate you from your money than you can imagine. Novel embezzlement strategies occur but are likely rare. Much more frequently, a trusted staff member will resort to one of the tried and true methods. These approaches can be countered. Even novel or complex schemes can be slowed. Understanding the common approaches to embezzlement helps guide your … [Read more...] about Prevent Embezzlement by Sweating the Small Stuff
The Dollars and Sense of Preventing Embezzlement
Petty Theft Can Hurt Too Embezzlement opportunities are certainly not limited to the theft of items, both large and small. The word embezzlement makes most of us think of money— where the bigger risks lie. Simple petty cash theft and complex financial schemes take their toll. Embezzlement robs your practice (you) of its (your) hard-earned profits. In the more egregious … [Read more...] about The Dollars and Sense of Preventing Embezzlement
Best January Tax Tips 2020
Businesses Now that we have turned the calendar to a new year, it is that time again to begin planning for the completion of your tax returns and other year-end work. Yes, you have several months until your returns are due, but so does everyone else. That is why it is important for you to beat the rush. To get started, ask your accountant for an information request list. … [Read more...] about Best January Tax Tips 2020
Choosing an Accountant
“Why should I choose you?” is a question I hear often from physicians who are contemplating a change. My typical response is that I am not saying you should—at least not without doing your homework first. Choosing an accountant is a very personal decision, and although I might be a perfect fit for one practice, I might by a lousy fit for another. When contemplating a change, … [Read more...] about Choosing an Accountant