February 2022 Issue
The McGill Advisory
What Is The McGill Advisory?
Your resource to reaching your financial goals faster—with greater confidence and less stress. Discover why thousands of your colleagues trust The McGill Advisory.
Lower Your Taxes
Most dental clinicians pay higher taxes than they need to—because they don’t know the legal strategies available for reducing their tax bill by thousands of dollars annually.
Learn proven techniques for managing your office that can boost revenue and reduce costs to increase your practice profits by five figures or more.
Protect Your Wealth
Too many doctors allow their hard-earned money to slip through their fingers. Discover precautions for ensuring you conserve what you’ve rightfully earned.
Plan a Prosperous Retirement
A rewarding retirement is not automatic—it takes a strategy. Find out what smart doctors do now to fulfill their future dreams.
100% Prosperity Guarantee
The McGill Advisory gives you advice to add thousands of dollars annually to your net worth – or receive a full refund.
Already a Member? Log In
Practice Management | Industry Trends
Consumerism: A Practice Trend That’s Here To Stay
Consumerism is defined as meeting your patients at their point of need or desire. In today’s economy, it’s characterized by companies that offer convenience, access, and decentralization by providing customers with what they want, when they want it. Here’s how your practice can compete.Read Article
Personal Finances | Budgeting, Spending, Saving
Six Habits Of Millionaire Doctors
What characteristics separate the most financially successful doctors from all others? Did they inherit great wealth, or is their success based on their specialty, location, or just blind luck? Based on our 40 years of experience, we’ve narrowed down the top 6 habits that make millionaire doctors elite.Read Article
Personal Finances | General/Other
Overcoming Money Mistakes That Can Wreck Your Marriage
Money is the top issue couples fight about, and financial problems are the second leading cause of divorce. Here’s how you can avoid the 6 most common financial mistakes couples make so you can continue to enjoy a happy and financially successful marriage.Read Article
Tax | Audits
How To Audit-Proof Your Charitable Contribution Tax Deductions
If you believe that a cancelled check, credit card receipt, or other proof of payment is all you need to qualify for a charitable contribution income tax deduction, you’d be wrong! Find out how you can protect your charitable contribution from the IRS.Read Article
Practice Management | General/Other
How To Properly Compensate Partners For Management Duties
Many business and economic factors are pushing more doctors out of solo practice and into groups, but this creates more practice management complexity for the doctors involved. Here are our tips for compensating partners for their management duties, especially when they’re unequally distributed.Read Article
Investments | Real Estate
The Top Six Tax Benefits Of Real Estate Investing
Many doctors understand the significant practice and economic benefits of owning their office building and other types of real estate. Yet, most doctors don’t fully understand the significant tax benefits available.Read Article
Practice Management | Financing
Provider Relief Fund Reporting Now Due (Online-Only Article)
If you received Provider Relief Fund (PRF) payments, you must spend them to cover approved expenses or lost revenue and properly report them. Otherwise, you may have to return part, or all, of the funds received back to the government.Read Article
More Member Resources
Our dental business newsletter offers valuable insights on managing your practice, improving your personal finances, protecting your family, and planning for the future.View All
Submit your own questions, search, or browse expert answers to doctors' common business & financial questions from McGill & Hill Group’s top advisors.View All
Input your individual information to calculate outcomes in your practice and personal finances, including our Health Insurance Selector and Roth IRA Conversion CalculatorsView All
Save time and eliminate guesswork with tools you can use immediately to help you better operate your practice and manage your finances.View All
Save thousands and avoid costly penalties with timely financial advice, tax tips, investment commentary, retirement plan news, and more.View All
Drilling It Down webcast series recordings and video resources to help you achieve personal and practice financial success.View All
Give the Gift of Personal and Professional Prosperity
Show your colleagues you care by helping them increase their financial well-being. Plus receive your own McGill Advisory membership at a discount!Learn More