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December 19, 2017 by Medvisor
Finance

MEDVISOR is your best bet for exquisite financial solutions

There is an unbelievably tremendous amount of change that occurs in the rules and regulations governing how medical and health care provision services should be run, the finance and tax calculations aspects are not left out of this changes. Amidst these changes, GPs have fared no better. Increased bureaucracy, extended opening hours, additional services and new regulation have resulted in increased working hours, all against a backdrop of escalating financial challenge. As ...read more

November 22, 2017 by Medvisor
Accountant, Finance

Financial Advice for new Doctors, Dentists and Medical Practitioners

Many junior medical officers & dentists start their careers with a base income of around $80,000. This then moves quickly through the hundred-thousand-dollar mark, and finally into the vicinity of several hundreds of thousands of dollars per year once specialist training is complete. After collecting student loans and other debts to see yourself through the period of training, it seems easy to start repaying those debts and getting a house, your first choice of expenditure which will not be a ...read more

November 10, 2017 by Medvisor
Accountant, Business, Finance

What information does a doctor need to know about his accounts?

A doctor’s office is a service-based business in which patients pay for the doctor’s services, and occasionally pay for testing performed as well as medication administered in the doctor’s office. As such, a doctor’s office must maintain accounting records so patients and their insurance companies can be billed correctly for the services the doctor performed. In addition to payments rendered by patients, doctors must collect and record a variety of additional accounting figures, includin ...read more

October 28, 2017 by Medvisor
Accountant

5 Key Reasons Doctors and Surgeons Need Accountants and Tax Agents

Doctors need accountants to help them negotiate the specific and complex financial requirements associated with the medical sector. It is therefore essential that any accountant who is employed must have built up a substantial experience of working with medical professionals. Whether they are GPs, hospital doctors or locums, medical practitioners should benefit from the accounting, practice management, tax, and pension consultancy that only a suitably qualified accountant can rightly provide. ...read more

October 23, 2017 by Medvisor
Accountant, Business, Business Planner

Tips on maintaining a healthy cash flow

The concept of cash flow should first be properly understood for a complete grasp of how to manage and sustain it. The concept of cash flow is fairly simple: your business uses cash to create goods or services for your customers, and you collect the cash back (of course with an increase for profit) from those customers. The cycle of cash flowing in and out is tracked using a Cash Flow Statement. Managing your cash flow is the key to sustainable growth over the long term, so here are a few tips t ...read more

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