Selling a Medical Practice: Insights from Medical Economics on Tax Considerations
Medical Economics recently published an article featuring Einat Laver, Gary Curtis, and Ian Goldberger of Kaufman Rossin, discussing the critical tax aspects when selling a medical practice. This topic is particularly relevant for medical professionals looking to maximize their financial outcomes from such significant transactions.
Ian Goldberger highlights, “Proper allocation of purchase price and understanding earn-outs can greatly influence the tax implications and net proceeds from your sale.” Understanding these elements is crucial for physicians to make informed decisions and avoid potential tax pitfalls.
For medical practice owners, understanding the tax implications of selling your practice is essential. It affects not only the immediate financial returns but also long-term financial stability. Key considerations include the structure of the sale, purchase price allocation, and potential tax deferral strategies.
Read the full article in Medical Economics.
Interested in learning how selling your practice could impact your financial future? Connect with our Business Consulting team to learn more.
Ian Goldberger, CPA, Business Consulting Services Principal, Transaction Advisory Services at Kaufman Rossin, one of the Top 50 CPA and advisory firms in the U.S.
Einat Laver Tax Principal at Kaufman Rossin, one of the Top 50 CPA and advisory firms in the U.S.
Gary Curtis Tax Director at Kaufman Rossin, one of the Top 50 CPA and advisory firms in the U.S.
