By David B. Mandell, JD, MBA, and Carole Foos, CPA

David B. Mandell, JD, MBA, is an attorney and author of five national books for doctors, including "For Doctors Only: A Guide to Working Less and Building More," as well a number of state books. He is a principal of the financial consulting firm OJM Group, where Carole C. Foos, CPA, works as a tax consultant. They can be reached at 877-656-4362 or mandell@ojmgroup.com.

SPECIAL OFFERS: For a free hardcopy of "For Doctors Only: A Guide to Working Less & Building More," please call (877) 656-4362. If you would like a shorter, free Kindle, iBooks or Nook E-book download of our “highlights” version, you can download it at www.fordoctorsonlyhighlights.com.

Articles by By David B. Mandell, JD, MBA, and Carole Foos, CPA

• Borrowing lower tax rates with LLCs, FLPs

  Friday, July 10, 2015

  ​Everyone wants to reduce income taxes. Limited liability companies (LLCs) and family limited partnerships (FLPs) are tools that can allow for tax savings on passive income by "borrowing" the lower tax rates of family members. FLPs and LLCs are quite similar. You can think of them as closely related, like brothers and sisters, as they share many of their best characteristics.

• Practice asset protection is too often ignored

  Wednesday, January 14, 2015

  ​Despite the importance of shielding the practice and its assets from potential threats, most practice owners are so busy running the practice that they ignore protecting its assets. Further, most asset protection specialists focus their efforts on shielding personal assets from potential threats.

• Charitable planning: A primer

  Thursday, September 25, 2014

  The will to give is strong in many physicians and healthcare executives and in Americans of all types. As a society, we cherish the right to give to the charitable institutions of our choice, and the tax code favors such gifts. Our goal here in this short article is to show you a few ways savvy clients make charitable gifts that benefit the charity and their families at the same time.

• How much are you leaving on the table? Improving your practice’s after-tax financial efficiency

  Thursday, September 19, 2013

  There is truly no better time than now over the last 30 years to focus on post-tax efficiency. As you likely know, when President Obama signed the Taxpayer Relief Act of 2012 in early January 2013, taxes increased on high-income taxpayers like many business owners and executives – in some cases, dramatically.