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Don’t Let Tax Season Sneak Up: Use This Checklist

Nurse Practitioners in Business

People and businesses get ready to file their yearly income tax. While business filing dates can vary with the choice of business structure and date of formation, most small business owners file their business taxes when they file their personal tax returns. The tax season is moving into full swing.

Business 286
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Why Practice Cash Flow Is More Important Than You Think

Nurse Practitioners in Business

Many business owners falsely assume their business is doing well if they bring in lots of money. They assume that their business is safe as long as they see many patients and generate enough revenue. However, profit is what is left after the business pays all expenses. Well, not necessarily.

Business 195
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Take The Deduction; Pay Less Tax

Nurse Practitioners in Business

Personal vs Business Deductions The tax code allows tax deductions for both individuals and businesses. Certain tax deductions, for example, charitable contributions, are available to both individuals and businesses. However, there are far more tax deductions available to businesses than individuals.

Business 195
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Record-Keeping Beyond Charts

Nurse Practitioners in Business

Financial Records Every business is required to track and record all income and expenses. Maintain records of Breach Notification Policies, Business Associate Agreements, and Access Logs (if applicable). Business financial & tax records for 7 years (check current IRS rules). Record Retention: How Long is Long Enough?

HIPAA 195
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Just What is Business Failure?

Nurse Practitioners in Business

If you run a business, you could face losing it because of the business failing. That’s what it feels like when your practice faces closure, when you’re about to lose your business. While some business owners may ignore the signs, hoping that things will get better (they rarely do), she’s not one of them.

Business 195
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The Business Case for Investing in NNP Continuing Education

Ensearch

For healthcare organizations, supporting the continuing education of NNPs isnt simply a professional courtesy; its a strategic investment with tangible returns. The post The Business Case for Investing in NNP Continuing Education appeared first on ENSEARCH. From improved patient outcomes to greater staff retention, heres a [.]

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Moving Past Analysis Paralysis to Start Your Practice

Nurse Practitioners in Business

We’ve been educated and trained to be “right” since we were young children. And certainly, our work and education have only added to that. That’s the topic of Episode #79 of the NP Business Matters Podcast. This is not something that affects only Nurse Practitioners – it can affect all humans.