article thumbnail

Don’t Let Tax Season Sneak Up: Use This Checklist

Nurse Practitioners in Business

People and businesses get ready to file their yearly income tax. While business filing dates can vary with the choice of business structure and date of formation, most small business owners file their business taxes when they file their personal tax returns. The tax season is moving into full swing.

Business 286
article thumbnail

Take The Deduction; Pay Less Tax

Nurse Practitioners in Business

Personal vs Business Deductions The tax code allows tax deductions for both individuals and businesses. Certain tax deductions, for example, charitable contributions, are available to both individuals and businesses. However, there are far more tax deductions available to businesses than individuals.

Business 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Practice Cash Flow Is More Important Than You Think

Nurse Practitioners in Business

Many business owners falsely assume their business is doing well if they bring in lots of money. They assume that their business is safe as long as they see many patients and generate enough revenue. However, profit is what is left after the business pays all expenses. Well, not necessarily.

Business 195
article thumbnail

Just What is Business Failure?

Nurse Practitioners in Business

If you run a business, you could face losing it because of the business failing. That’s what it feels like when your practice faces closure, when you’re about to lose your business. While some business owners may ignore the signs, hoping that things will get better (they rarely do), she’s not one of them.

Business 195
article thumbnail

Moving Past Analysis Paralysis to Start Your Practice

Nurse Practitioners in Business

We’ve been educated and trained to be “right” since we were young children. And certainly, our work and education have only added to that. That’s the topic of Episode #79 of the NP Business Matters Podcast. This is not something that affects only Nurse Practitioners – it can affect all humans.

article thumbnail

What is the Voice Stopping you From Starting Your Nurse Owned Business?

Empowered Nurses

If you have a desire to start a nurse owned business, it means you can! Starting a nurse-owned business can be daunting, and nurses often have specific objections rooted in their background and professional experience. “I don’t have the business skills or knowledge.” Solution: Frame marketing as education. .”

article thumbnail

From Bedside to Business: Exploring Opportunities for Nurses

Empowered Nurses

What if your nursing expertise could become the foundation of a thriving business? Nurses possess a rare combination of clinical knowledge, communication skills, and problem-solving abilities, making them uniquely suited for diverse business ventures. Creating a Product or Service Do you have an innovative idea?