5 Tips for Avoiding an IRS Audit For Optometrists

Editor’s Note: This is a guest post written by Jose Diaz Caro – Optometry Practice Accountant, who is one of our tax experts partner. Feel free to connect with him! Aaron and Dat are extremely strict about guest requirements in that they must be educational and informative to our readers. Every guest post is vetted, read…

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Annual Report: 2020

Hello ODs on Finance Family, Well 2020 has surely been a year!  Let’s be honest, we all went into the year 2020 with big expectations – but the so-called Year of the Optometrist had some nasty surprises up its sleeve.  Despite the trials and tribulations that 2020 brought, it also brought important lessons, and the…

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8 New Year’s Financial Resolutions

KEY POINTS: (1) Max out Your Roth IRA Early (2) Automate Your Savings (3) Make Sure You Have an Adequate 3-6 months Emergency Fund (4) Create a Budget…or a Spending Plan (5) Set an End of the Year Net Worth Goal (6) Re-evaluate Your Insurances (7) Plan for Expenses, and Fun! (8) Get Professional Help…

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What is Tax Loss Harvesting and How Can It Help Me?

When the stock market experiences volatility, fear is often a resulting emotion.  Fear can lead an individual to do irrational things, one of which is selling at a loss.  From a long term investing perspective, selling in a down market is seen as a losing move, however there is one silver lining to selling stocks…

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All You Need to Know about the PPP Flex Act

Since the COVID-19 pandemic hit the United States, Congress has passed a number of bipartisan bills aimed at helping the economy in a number of ways. One of the most recent is the Paycheck Protection Program Flexibility Act (PPPFA), which was signed by President Trump on June 5th. This article will answer all your questions…

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CARES Act: Program Updates April 2020

[Disclaimer] This article was written to the best of our knowledge with the latest news released from the Federal government. There are many moving parts to both of these programs, and as the days and weeks pass, there may be more clarification to some parts that are vague or confusing. Please be mindful, that I…

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The Optometrist’s Guide to Investing 101: An Introduction

The Optometrist’s Guide to Investing 101 The Optometrist’s Guide to Investing 101: An IntroductionChapter 1: What is an Investment & Basic Investing TermsChapter 2: How to Create The Ideal Portfolio of Stocks and Bonds?Chapter 3: How to Rebalance your Asset Allocation & Additional ClassesChapter 4: How to Quickly Assess a Mutual or Index Fund?Chapter 5:…

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The Optometrist’s Guide to Investing 101 Chapter 6: How to Monitor your Investment Performance and other Wealth-Building Tips

The Optometrist’s Guide to Investing 101 The Optometrist’s Guide to Investing 101: An IntroductionChapter 1: What is an Investment & Basic Investing TermsChapter 2: How to Create The Ideal Portfolio of Stocks and Bonds?Chapter 3: How to Rebalance your Asset Allocation & Additional ClassesChapter 4: How to Quickly Assess a Mutual or Index Fund?Chapter 5:…

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