by Nathan Hayes | Feb 22, 2025 | Financial Operations, Risk Management & Financial Security
When Books & Benchmarks launched in 2021, I never imagined that HIPAA could have anything to do with bookkeeping. But as I’ve come to learn, it does. This week, let’s discuss what HIPAA is, how the Privacy Rule overlaps with optometry practice bookkeeping, and...
by Nathan Hayes | Jan 11, 2025 | Financial Operations, Tax Prep
Happy New Year! As the calendar turns to January, many of us are reflecting on the past year and looking forward to our goals and dreams for 2025. And with that, tax season is on the horizon. For some businesses, tax preparation is as simple and complex as...
by Nathan Hayes | Dec 14, 2024 | 7 Key Expense Areas, Cash Flow & Cash Management, Equipment Costs, Financial Operations, Tax Prep
As we approach the end of the year, equipment manufacturers are flooding their advertisements with reminders of the tax savings you can enjoy by purchasing new instruments and deducting them from your tax return. With this in mind, many optometry practices may be...
by Nathan Hayes | Nov 16, 2024 | Financial Operations, Risk Management & Financial Security
My senior leadership recently asked me if Books & Benchmarks ever helps practices uncover theft or fraud. If you’re hoping that working with us guarantees your practice will never face financial misconduct, I’m sorry, but I have to disappoint you. ...
by Nathan Hayes | Nov 9, 2024 | Buying and Selling Practices, Financial Operations, Practice Management, Tax Prep
Generating financial reports can be tedious. You either spend a little time each month (or a lot once a year), or you hire someone like your CPA, a bookkeeper, or a team member to produce them. Naturally, we prefer that you choose our bookkeeping services for...
by Nathan Hayes | Oct 12, 2024 | Accounts Receivable/RCM, Financial Operations
Accounts receivable and staff management are often the biggest headaches for optometry practices. Health insurance and managed vision care plans are incredibly effective at attracting new patients to practices. In exchange for Groupon-style marketing, practices...
