Your Practice Taxes are Too Low? That Might Be Great News with Host, Eric Miller & Guest, Julie Herres

Sometimes paying taxes is actually a good sign—your practice made a profit. But too many healthcare owners fall into “write-off mode” and make expensive moves that destroy cash flow (hello, “buy a truck in December”).   In this episode, Eric Miller sits down with Julie Herres (Founder/CEO, GreenOak Accounting) to break down tax planning for healthcare practice owners—without the gimmicks.   You’ll learn: - Why “avoiding taxes” can be a bad business decision - The difference between tax deductions vs. real savings - The biggest money leaks crushing margins (payroll, space, scaling too soon) - Why practice owners need monthly or quarterly CPA check-ins - Smart, practical year-end moves that don’t wreck liquidity   If cash flow is getting tight and you want to keep more of what you earn—this is the playbook.   CHAPTERS: 00:00 - Intro 01:25 - Julie Harris Introduction 05:28 - Money Leaks: Clinician Compensation 10:45 - Efficient Space Utilization 13:18 - Myth: Growing Out of Financial Problems 17:25 - Financial Reserves: How Much is Enough? 22:13 - Building a Strong CPA Relationship 26:30 - Year-Round Tax Planning Strategies 28:01 - Benefits of Paying Taxes 30:38 - Documenting Payments to Your Children 35:43 - Understanding the Augusta Loophole 37:04 - Contacting Julie Harris 37:39 - Outro _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/