How Much Should You Pay Yourself As Salary?
The IRS expects you to pay yourself a reasonable salary as an S-Corp. An important factor in that decision should be the effect on how much you can sock into a retirement plan.
The IRS expects you to pay yourself a reasonable salary as an S-Corp. An important factor in that decision should be the effect on how much you can sock into a retirement plan.
I was reading about a survey by the Physicians Foundation recently which had some rather sobering findings. They sent out these 48 question surveys to 630,000 doctors and only heard back from 13,575,...
By Dr. James M. Dahle, WCI Founder This was a post on Sermo, with 437 responses in about a week. I'm going to cite what I thought were 15 of the best ones. The entire White Coat Investor site consists...
A discussion of a JAMA study on burnout, and 6 suggestions for avoiding it.
My last post discussed how I recently made partner and how this has given me additional income, expenses, risk, and personal financial complexity. In this post, we'll discuss the ways becoming a part...
I recently became a partner in my small, democratic emergency medicine group. That's exciting to me because it gives me a say in how my group operates, more job security, and, best of all, a signific...
In the first part of this series I discussed the additional taxes you may pay due to PPACA. In part two, I discussed the benefits you'll see as a consumer from the PPACA regulations. In this part, w...
Last time we discussed some additional taxes you may or may not be paying as a result of PPACA. This post addresses the considerable benefits of PPACA to you a health care consumer. Next time we'll...
[Editor's Note: This is a guest post by Chad Carman, MD, an emergency doc who, like many emergency docs, has a side gig. I've found readers are always interested in entrepreneurial ways to make money...
Editor's Note: I've heard doctors and dentists complain that they could get by with half their employees if Facebook didn't exist. Although it's harder to monitor smartphone usage, it is relatively...
By Dr. James M. Dahle, WCI Founder In my last post, I talked about how excited I was about C Corporations after learning some more about them in a book. Then reality set in. The more I read, the more...
I was recently reading Incorporate and Grow Rich, a book which I'll review in a separate post. The more I read the more excited I got about C corporations and their benefits. Then I started realizin...
7 months ago, shortly after starting the blog, I did a post that listed 175 different financial errors doctors have made. The list came from a thread on Sermo, a physician-only forum. I suspect most...
First off, welcome to all the new readers who stopped by today. The website had more pageviews today than it did in the first 3 or 4 months of its existence. I hope you find something of value here...
Parija Kavilanz recently published an article on CNN called Doctors Going Broke. The article itself was pretty good, focusing more on issues running private practices than the physicians' personal fi...