NovaPoint CFO Services LLC

We are grateful to our clients, partners, families, and friends for their support as we celebrate our 5-Year Anniversary!

Key Services: FINANCIAL PLANNING Financial planning is a surefire way to take the guessing game out of your future and plot your goals and objectives in an easy-to-follow blueprint personalized for you. My Pro CFO will provide an honest assessment of your financial portfolio, organize the data for you to comprehend and monitor any fluctuations so you can stay ahead of any foreseeable obstacles. Yes, it's that simple.

Key Service: PAYROLL We understand running payroll is tedious and time-consuming work. That doesn't mean it has to be for you. We make the entire process of tax filing and planning clear and comprehensive so you understand exactly how your money is being managed.

Key Service: BUSINESS ACCOUNTING In our world, good accounting services doesn't have to mean fancy computer models or stuffy office visits. Our services change as often as your needs do. We're backed by over 10 years of expertise in evaluating common financial challenges and what may come next.

Key Service: BUSINESS FORMATION Are you creating a PA, PC, LLC or an S-Corp? We remove the guessing game to give you surefire answers on which direction to take your business so you know for certain what benefits and proper paperwork will follow. We keep your records up-to-date for you so you can have peace of mind about your future.

My Professional CFO, LLC provides financial management custom-tailored to independent contractor physicians. We offer the following key services and more: Business Formation Business Accounting Payroll... Financial Planning We offer industry-specific knowledge to help physicians understand their financial profile, business management, and avoid tax mistakes. Contact us today to get started: www.mypro-cfo.com

Proud to display our new logo. A successful rebrand in the books.

What does Warren Buffett have to do with small captive insurance companies and the IRS "dirty dozen" list? Until this week, my answer would have been, "very little." However, after addressing the IRS placing small captive insurance companies (CICs) on its "dirty dozen" list in last week's edition of Captivating Thinking, the Oracle of Omaha, as Buffett is affectionately known, provided even more evidence in support of our already overwhelming arguments against the Service's pronouncement. Read more below!

Now that your Internship and Residency are coming to a close, you are now looking forward to being out on your own, doing what you love to do. You are about to reap the rewards, both emotional and financial for the years of hard work you have put in. Right now, before you make any type of financial decisions, realize that the decisions you make right now can have a dramatic impact on a physician’s financial situation for many years to come. If you do not take the proper steps, and file the appropriate paperwork at the scheduled times, you can find yourself paying significantly more in income taxes and also subject to IRS fines and penalties, and heaven forbid tax liens. Take the proper steps now, and start by hiring a physician business manager.

When a physician is transitioning from receiving a modest salary as an Intern/ Fellow / Resident to being paid as a board certified physician, there are a myriad of financial mistakes that are often overlooked, but that can be very easily prevented. This critical point is the time to make these decisions, and not after the consequences have reared their head.