ATLANTA, GA–(Marketwired – November 19, 2015) – On November 9, 2015, Top Docs Radio welcomed to the studio Alan Conner with My Professional CFO. Host CW Hall sat down with Conner to discuss self funded insurance plans for contractor physicians.
Conner is a tax and accounting expert who works with a wide range of companies and professionals, including physicians. He founded My Professional CFO to take the mystery out of small business accounting, tax planning, and wealth management so a professional can focus their entrepreneurial energy on growing business and satisfying clients.
In addition to providing basic accounting and payroll functions, Conner also helps physicians develop effective, legal tax strategies, including self funded insurance plans to reduce their tax burden and risk at the same time. “Many physicians work as 1099 contractors for the respective practice they serve,” explained Conner. “In this relationship, the doctor receives a gross paycheck with no tax withheld. In this situation it is vital for the provider to plan for their tax obligation and pay it in a timely fashion or they face between 5-10% penalties, which can quickly add up to significant amounts, based on the numbers they’re working with.”
Conner shared with listeners several options available to physicians that work as 1099 contractors, including self funded insurance plans, pension plans, SEP IRA’s, and others, that will help them preserve their hard-earned revenue for later while protecting them from risk such as loss of medical license should that occur.
To learn more about Conner and My Professional CFO’s services, listen to the entire interview on Top Docs Radio.
About Top Docs Radio:
Top Docs Radio is a forum for conversations with leading doctors and thought leaders. Discussions are about cutting edge trends and topics in health, wellness and lifestyle issues. Top Docs Radio is presented by Hyperbaric Physicians of Georgia and is hosted by Charles “CW” Hall. The program airs live every Thursday at Noon Eastern.
About Business RadioX®:
Business RadioX® interviews dozens of innovative entrepreneurs and successful leaders each week. Its mission is to help local businesses Get the Word Out about the important work they’re doing for their market, their community, and their profession. With a pro-business slant and a long-form interview format, guests don’t have to worry about being ambushed or talking in “sound bites.” Guests have enough time to tell their whole story and to share their insights and experience without interruptions. Business RadioX® hosts are business professionals interviewing their peers, drilling down on the critical issues, and delivering practical information to an engaged business audience. Business topics that are frequently covered include: Law, Finance, Healthcare, Technology, Trade Shows, B2B Marketing, Venture Capital, Training and Development and other issues impacting the business community. For more information, visit: http://businessradiox.com.