David B. Mandell, JD, MB

Understanding the varying tax aspects of S corporations and C corporations is an important first step in determining which structure will work best for your practice.

By offering a wide range of services, dermatologists can provide a holistic approach to skin health.

From a financial perspective, the change from resident to attending dermatologist may be profound.

To properly execute loss harvesting and reinvestment properly, without running afoul of Internal Revenue Service rules, it is crucial that one works with a professional adviser experienced in these matters.

By understanding employment contract essentials, dermatologists can ensure that their employment contract protects their interests and supports their career goals.

Although new equipment can enhance the capabilities and profitability of a dermatology practice, the decision to make such an investment is a significant one.

This article delves into 5 critical areas that dermatologists should focus on for a comprehensive 2024 report card.

Experts explain tactics that should be employed during the “retirement red zone” to allow for a financially successful retirement.

This article reviews equity-indexed life insurance policies and structured notes, instruments that offer investment protection and growth potential.

In this month's finance and practice management article, David Mandell, JD, MBA, and Carole Foos, CPA, discuss estate planning for dermatologists.

Approximately 36% of all physicians will be sued at least once before they are aged 45 years.

“Given the difference in state taxes, the bottom-line difference for the physician could be in 6 figures—every year! Compounded with even a conservative growth rate, this could mean millions of dollars of difference over a career.”

“With a traditional QRP [qualified retirement plan], a participant trades today’s tax rates on their contribution for the tax rates in the future, when they withdraw the money from the plan. If rates rise, the QRP might prove not to be a good deal at all.”

In this month's financial planning column, the OJM group talks about volatile markets and how to navigate investing in uncertain times.

We sit down with the experts to determine what legal and tax factors come into play when deciding on the best corporate structure for a dermatology practice.

Both legal and tax factors come into play when deciding on the best corporate structure for a dermatology practice.

In this video interview, David Mandell, JD, MB, and Adam Braunscheidel, discuss why physician practices often have difficulties with retirement planning

Mandell is an attorney and founder of the wealth management firm OJM Group in Cincinnati, Ohio. Braunscheidel is a wealth adviser at OJM Group.

As a physician, do you realize that, between income, capital gains, Medicare, self-employment and other taxes, you spend 40 percent to 50 percent of your working hours laboring for the IRS and your state?

The entire financial world was turned upside down during the years 2008 and 2009. Investors, executives, employees and the general public are left wondering, "Whom can I trust?" and "How will all these changes affect me?"

If you think medicine is a difficult business today, you are about to face your largest financial challenge ever. There is an approaching confluence of events that could have a significant financial impact on most doctors, unless you do something to protect yourself.