The Account Every Incorporated Doctor Should Know

One of the triggering moments for me to start my deep dive into finances came from consideration to execute a corporate surplus strip on my med co. So many of my colleagues seemed to be doing it, maybe it was the right move for me as well. ‘You could save thousands of dollars in taxes!’ they all said. At the time, I knew very little about finances, and was relying heavily on my accountant, tax lawyers, and financial advisors for guidance regarding this decision. The problem was that each professional had varying and somewhat opposing views. Who was I supposed to believe? How much of the advice that each professional was giving was self-serving?