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 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 more

October 28, 2017 by Medvisor

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. 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 more

September 28, 2017 by Medvisor
Accountant, Business, Finance

Smart Tax Payment and Auditing are vital for true success

An audit as explained by Wikipedia is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of organizations to ascertain how far the financial statement, as well as non-financial disclosure, present a true and fair view of the concern. Such a fancy definition for a process meant to detect discrepancies. ‘Audire’ is the Latin word for ‘hear’ which is what British auditors did back when book-keeping was manual. They listened as the accounts more

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