The Rising Cost of Healthcare and the Role of Patient Collections
Healthcare costs are soaring, and patients are footing a larger share of the bill. With higher deductibles, co-insurance, and surprise billing still affecting millions, medical practices face increasing challenges in ensuring timely payments while maintaining trust and satisfaction with their patients. How can practices achieve financial stability without placing undue burden on patients? Adopting a […]
Understanding Tax Write-Offs for Business Entertainment Expenses
Demystifying Tax Write-Offs for Entertainment Expenses Mastering the nuances of tax write-offs isn’t just about compliance; it’s a smart strategy for optimizing your business finances. One area that consistently raises questions is entertainment expenses. Whether entertaining clients, rewarding employees, or navigating personal professional development, understanding how to categorize expenses could save time, money, and headaches. […]
How to Navigate Worker Classification in DPC Clinics
When managing a Direct Primary Care (DPC) clinic, you’re constantly balancing priorities. One vital area that often doesn’t get enough attention is worker classification. Misclassifying workers as either 1099 independent contractors or W-2 employees can lead to serious consequences, including IRS penalties, back taxes, and operational disruptions. Whether you’re hiring a receptionist, a nurse, or […]
Financial Literacy for Business Growth
Your business deserves more than guesswork. Financial literacy is a competitive advantage, especially for small businesses. When we’re talking about running a successful business, many business owners tirelessly focus on sales, marketing, and operations, but overlook a critical foundation for long-term growth: financial literacy. Here’s the truth ― you don’t need to be a finance […]
A Crash Course to U.S. Business Entities and 1099 Requirements
Choosing the correct business structure is a foundational decision for any entrepreneur. It impacts how your business operates, how taxes are handled, and the level of personal liability you face. This guide provides an in-depth examination of U.S. business entity types and focuses detailed explanations on Sole Proprietorships, Limited Liability Companies (LLCs), and S-Corporations (S-Corps). […]
2025 Tax Updates for Small Businesses
Navigating tax regulations is a critical aspect of running a small business. The 2025 tax year brings significant changes that can directly affect your bottom line. From updated federal tax brackets to new credits and compliance demands, staying informed can help you minimize liabilities and leverage opportunities. This article breaks down the most important tax […]
Survived Tax Season? Time for a Financial Tune-Up for Your Subscription Biz!
Tax season is over, but managing your finances for the rest of the year is just beginning. For subscription-based businesses, where revenue is recurring but expenses and churn vary, now is the perfect time to review your numbers and plan for sustainable growth. At Provider Precision Bookkeeping, we believe that smart financial strategy is about […]
I’m Ready to sign!” Great! First, Let Me Tell You About Our Process…
The Hidden Cost of Customer Friction: Why Your Process Might Be Costing You Clients While recently planning a family vacation, I experienced firsthand what separates exceptional customer service from merely adequate service. The difference wasn’t in the end product; all three travel agents could have delivered the same vacation. The difference was in how much […]