Legal and practical healthcare information.
By Timothy M. Cary New overtime regulations under the Fair Labor Standards Act set to go into effect on December 1, 2016, have been halted by a federal court in Texas. In State of Nevada v. U.S. Department of Labor, the court granted a preliminary injunction in favor of a group of twenty-one states who …
Continue reading “Nationwide Injunction Halts Department of Labor’s Overtime Expansion”
By Ralph Levy, Jr. and Brian Fleetham Physicians who are involved in the financial management of their practices are all too familiar with the year-end scramble to “zero out” the corporation’s profits. Under this technique, a physician practice that is structured as a “C” corporation will, after paying all of its year-end expenses, distribute its …
Continue reading “Renewed Perils from “Zeroing Out” a Corporation at Year-End”