How the Tax Bill Will Impact Your Practice

“The increasing complexities in medical practice administration are very much larger obstacles for small practices. Recruiting to small markets is very, very difficult,” he said. “The new tax bill will help some of these practices, but to suggest that it will create a paradigm shift for these physicians is an overstatement.”

Dr. Brown emphasized the continuing uncertainty about how the final law will look and encouraged otolaryngologists to work closely with their accountants. “I think [otolaryngologists] need to work closely with their consultants and advisors to understand exactly how the bill may affect individual circumstances,” said Dr. Brown, echoing the sentiments of Drs. Bikhazi and Grisel.

Mary Beth Nierengarten is a freelance medical writer based in Minnesota.