Sometimes paying taxes is actually a good sign—your practice made a profit. But too many healthcare owners fall into “write-off mode” and make expensive moves that destroy cash flow (hello, “buy a truck in December”).
In this episode, Eric Miller sits down with Julie Herres (Founder/CEO, GreenOak Accounting) to break down tax planning for healthcare practice owners—without the gimmicks.
You’ll learn:
- Why “avoiding taxes” can be a bad business decision
- The difference between tax deductions vs. real savings
- The biggest money leaks crushing margins (payroll, space, scaling too soon)
- Why practice owners need monthly or quarterly CPA check-ins
- Smart, practical year-end moves that don’t wreck liquidity
If cash flow is getting tight and you want to keep more of what you earn—this is the playbook.
CHAPTERS:
00:00 - Intro
01:25 - Julie Harris Introduction
05:28 - Money Leaks: Clinician Compensation
10:45 - Efficient Space Utilization
13:18 - Myth: Growing Out of Financial Problems
17:25 - Financial Reserves: How Much is Enough?
22:13 - Building a Strong CPA Relationship
26:30 - Year-Round Tax Planning Strategies
28:01 - Benefits of Paying Taxes
30:38 - Documenting Payments to Your Children
35:43 - Understanding the Augusta Loophole
37:04 - Contacting Julie Harris
37:39 - Outro
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