For Doctors Only

How We Help

As a medical professional, you face the daily stress of lower reimbursements, constraints of the Affordable Care Act, tax penalties for the “wealthy”, and a variety of financial decisions, such as:

  • Should I incorporate my business or use an LLC? Or something else?
  • How can I mitigate my high taxes – legally, but to my optimal benefit?
  • Are my assets adequately protected? Are there other steps I should be taking?

You’re already overloaded with paperwork and worries about the requirements of the ACA, HIPPA, and Medicare. You probably don’t enjoy spending your precious free time studying a complex tax code, reviewing business contracts, and handling bookkeeping for your practice, but you may not know where to start or who to trust. This is where we can help. 

Fox & Company CPAs is a full-service Certified Public Accounting firm located in Kentucky, with clients throughout the United States and Mexico. Over 90% of our HNW and doctor clients are virtual and “visit” us via the internet from the comfort of their homes and offices. We work in tandem with our sister firm, Fox & Co. Wealth Management, a Fee-Only®comprehensive wealth management firm.

Johanna Fox Turner, CPA, CFP®, RLP®, is senior partner of both firms. She is forum moderator of the White Coat Investor forum and a contributor to the WCI, Physician on Fire blogs and Physician’s Money Digest blogs. Johanna assists HNW clients across the USA and in Mexico with asset protection strategies including tax, financial, and investment planning.

The team at Fox & Company CPAs is committed to putting your best interests first. We believe you and your family deserve to work with experienced, caring advisors who will keep an eye on your finances not just at tax time, but during the rest of the year, too.

We offer a free, absolutely no-obligation review of your income tax returns and a second opinion.  Click here to schedule a complimentary appointment to find out more about Fox & Company CPAs. We look forward to meeting you.

Our Process

At Fox & Company CPAs, all relationships begin with a free initial conversation – about you, your concerns, and any experiences with past advisors that might cause you to question whether we are the right firm for you. We want you to unpack your bags, lay it all out, and ask any questions that you want.

Just as we want you to interview us, we need to ensure that we are the right professionals for you. We don’t do one-size-fits-all or rule-of-thumb solutions here and our clients seem to appreciate that. It may take a little longer, it may cost a little more, but the ultimate goal is for our services to pay for themselves multiple times over in stress reduction, lower tax bills, and more free time for you. If you’re looking for a long-term relationship with a firm that looks out for you beyond what you’ve settled for in the past, we may be a fit.

All services at Fox & Company CPAs are included in a Fixed Price Agreement (FPA) that we submit to clients at the beginning of each year. Your FPA is all-inclusive for services it describes and you will not be billed extra for phone calls, meetings, amended returns, or even IRS audits for any tax return that we have prepared.

As a CPA client, you will work directly with Laura Clifford, CPA. Laura works with all of our doctor clients and is familiar with the tax and recordkeeping issues that are specific to doctors. Because many of our doctor clients work as hospitalists and do locums work, she is especially comfortable with multi-state taxation and comparing various tax elections for the best result. Laura coordinates with Johanna Fox Turner, giving you a team to call on when questions or other issues arise. 

 

Click here for a schedule of typical costs for tax, business and accounting services.
View our sample Fixed Price Agreement for individuals.

Financial Planning Solutions

Are you looking for comprehensive planning advice and a trusted investment advisory firm? Fox and Company Wealth Management, the sister business to Fox & Company CPAs, is a fee-only advisory firm specializing in physicians and offering 100% flat-fee services. (You heard that right – no AUM fees and no product sales!)

       At Fox and Company Wealth Management:

  • You’ll work with a trained team of physician-focused, proactive professionals who share the same high ethical values and business principles.
  • Schedules are flexible and include evening and weekend hours, when you can meet comfort of your home or office. (If you’re working locums, you can even schedule a three-way meeting to allow both spouses to participate.)
  • Fees and services are set to accommodate your needs at all stages of your career. FWM’s stated goal is for the advice you get to grow, not deduct from, your family’s wealth.

       Initial consultations are always free and there is no obligation.  Schedule your meeting to find out if FWM is the firm you’ve been hoping to find!

If you're a doctor, you may be wondering what sets Fox & Company Wealth Management apart from the typical financial advisor.  Here are a few examples:

  • Their Fee Schedule details the cost of their Fixed Fee/Fee-Only all-inclusive financial services. Comprehensive Planning is a retainer service that includes investment management.
  • FWM Flat Fee Planning Agenda for Doctors.
  • FWM Financial Checkup for Doctors is an exhaustive review of your current financial situation, which includes their observations and recommendations. This can be a one-time engagement or repeatedly annually.  

 

 

 

Doctor Dilemmas

 

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