If you are in a group practice, how are net profits divided amongst the owners? How are receipts and each element of overhead expense allocated? If your group is just starting out in private practice, surely you would need some advice on this topic.
Our specialization allows us access to numerous variations of income allocation formulas. What is equitable for your practice? Not only can we provide some insight in this area but we also can prepare the calculations for you and your co-owners periodically (i.e., quarterly, semi-annually, etc.) throughout the year.