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Tennessee Tax-Free Weekend is Coming Soon!

by Dan Smith | Jun 15, 2018 | Entrepreneurs' Business Blog

July 27-29 is the annual Tennessee Tax-Free Weekend. For eligible purchases made during this time, you can buy without paying the normal 7% state sales tax. In general, eligible purchases include clothing that costs $100 or less per item, school or art supplies that...

Dentists, You Need to Check Your Practice’s HIPAA Compliance

by Dan Smith | Jun 15, 2018 | Health Professionals' Business Blog

Earlier today, I posted about the need for physicians to make sure that their medical practices were in compliance with HIPAA’s requirement to have a written business associate agreement with any vendor with whom the practice shares a patient’s protected...

Physicians, Don’t Overlook Your HIPAA Compliance – A $31,000 Mistake

by Dan Smith | Jun 15, 2018 | Health Professionals' Business Blog

To all you physicians out there, listen, I get it. You’re busy practicing medicine, doing your job, your time is limited, and you can’t be in two places at once. And you certainly can’t look out for everything that is going on in the back office all...

Calling All Physician Entrepreneurs

by Dan Smith | Jun 13, 2018 | Health Professionals' Business Blog

I was reading some interesting statistics today about the practice of medicine. It used to be that doctors who graduated from medical school and finished their residencies went into private practice alone or in small groups. Nowadays, that is not the case. Hospitals...

Required Minimum Distributions – a Big Penalty for Messing Up (But Forgiveness is Possible)

by Dan Smith | Jun 13, 2018 | Entrepreneurs' Business Blog

For individuals who turn 70-1/2 in a year, the federal tax obligation to begin taking annual “required minimum distributions” from IRAs and other retirement accounts begins. If an individual were to turn 70-1/2 during 2018, then the first required minimum...
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