We’ve got losses—and tax write-offs
Money Management Losses come in many shapes and forms. There are losses that result from dishonest employees and patients, financial losses from bad business decisions or a poor economy and, of course, natural disasters. Although insurance, such as “business continuation insurance,” provides protection from some losses, it is the tax laws that can help reduce the bite of losses. Surprisingly, many professional practices and businesses are actually profiting from their losses.