Soar to Success December 2017

SOAR TO SUCCESS / December 2017 / Core Business Strategies Accounting and Tax Advising in the Medical Industry : The Business Compliance Check-up, Getting a 2nd Opinion By Tina Moe, CPA ‘‘ The business compliance check-up is a comprehensive analysis of the entire financial piece of your medical practice and designed to give you a baseline on your business. ’’ I f you’re a medical professional and you’re not certain if your business is set-up in the most strategic manner in all areas of accounting and taxation, it’s time to think about a business compliance check-up and how it can help you. How do you know if you’re making compliant and strategic business decisions? How do you know if your business structure, whether that be as a C Corporation or LLC is advantageous from a tax standpoint? You don’t know what you don’t know so where do you go to get answers to questions you don’t even know to ask? For over two decades, I have worked with business owners in just about every industry who know their craft but, they have never been formally trained in the area of accounting and taxation. As a result, this area of their business is one of the most challenging for