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Financial Management Tips for Medical Professionals Part 1

 

Track These Key Performance Indicators for a More Profitable 2025

As we step into 2025, monitoring the right key performance indicators (KPIs) is crucial for maintaining and growing a profitable practice. These six essential KPIs will help you identify strengths, address weaknesses, and maximize profitability in the coming year.

 

The Ultimate Guide to Tax Season Preparation

 

Tax season doesn’t have to be overwhelming. With a little preparation and the right guidance, you can tackle it confidently and even uncover opportunities to save money.

This guide will walk you through everything you need to know to prepare effectively and file your taxes with ease.

 

1. Get Your Documents in Order

Before you can file your taxes, you’ll need to gather all the necessary documents. Having these ready ahead of time will save you from headaches and help ensure nothing is overlooked. Here’s what to organize:

Essential Estate Planning Documents

 

Estate planning is a critical part of preparing for the future. No matter your age or financial situation, having the right documents in place ensures that your wishes are honored, and your loved ones are cared for when you’re no longer around. At its core, an estate plan includes several key documents: wills, trusts, powers of attorney (POAs), and living wills. Let’s break down each of these essential components.

 

Beware of Fake Charities

 

2025 Tax Year Updates and Changes

 

The IRS has announced its annual inflation adjustments for the 2025 tax year, which will impact the taxes you will file in 2026. These updates, outlined in Revenue Procedure 2024-40, cover more than sixty tax provisions. Below are key changes you should be aware of.

National Preparedness Month: Essential Taxpayer Steps for Natural Disaster Readiness

 

As September brings peak hurricane season and heightened wildfire risks, the IRS urges taxpayers to create or update their emergency preparedness plans for 2024. National Preparedness Month is the perfect time to ensure you are equipped to handle potential disasters by safeguarding key documents, documenting your assets, and knowing how to access critical information in an emergency.

Contact

DJL Accounting & Consulting Group, Inc.
1570 South Canfield-Niles Road #C102
Youngstown, Ohio 44515 

Phone:  330 779 0781

               

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