How Much Cash Should be in Your Practice?
As a practice owner, you get paid last. If you have any cash left over after meeting the payroll and paying your bills, only then can you consider taking a paycheck yourself. But how much should you pay yourself and how much cash should be in your practice? I typically suggest that a practice keep…
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Building Practice Goodwill
Read Part 1 and Part 2 in this Goodwill Series. In my previous two posts, I have discussed how goodwill is the driver of value in your practice and how goodwill is taxed at more advantageous rates than regular income. And if that isn’t enough, the byproducts of building superior goodwill in your practice benefit…
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