Corcoran Business Advisory Services LLC

Corcoran Business Advisory Services LLC Holly R. Corcoran, CPA, specializes in helping veterinary clients enhance business profitability and growth.

Unpopular opinion: most high-income doctors are getting excellent accounting — and terrible tax advice. Are these differ...
06/01/2026

Unpopular opinion: most high-income doctors are getting excellent accounting — and terrible tax advice. Are these different things?

Here's a poll:
• Agree — accounting and tax strategy are completely different.
• Disagree — a good CPA does both.
• Never thought about it this way.

Respond to every comment. Vote below and tell me why.

Not every physician or veterinarian we talk to becomes a client. That's not the point. The point is: you should know wha...
05/29/2026

Not every physician or veterinarian we talk to becomes a client. That's not the point. The point is: you should know what's actually available to you.

No pressure — just curious. Some people are perfectly served by their current situation. But for those who feel a gap — who suspect they're overpaying — the first step is just a conversation.

If you've read this far, there's probably a reason. DM me POSSIBLE and let's find out what your number could be.

Most tax meetings: 'Here's what you owe. Sign here.' A strategic tax meeting sounds completely different.Questions a str...
05/28/2026

Most tax meetings: 'Here's what you owe. Sign here.' A strategic tax meeting sounds completely different.

Questions a strategic advisor asks: What's your income projection for the next 3 years? Do you own any real estate or plan to? What's your retirement timeline? Are you planning to sell or transition the practice? What's your spouse's income situation?

None of these appear on a tax return.

Has your CPA ever asked you these questions? Comment below — I'm genuinely curious.

There's a myth in medicine that if you're earning a lot, you've figured it out. Earning well and keeping well are comple...
05/26/2026

There's a myth in medicine that if you're earning a lot, you've figured it out. Earning well and keeping well are completely different skills.

Income generation (clinical excellence & productivity) vs. income optimization (structure, timing, strategy) — most doctors maximize the former and ignore the latter.

On a scale of 1–10, how optimized is your tax strategy? Comment your number.

A physician came to us paying $230,000 in taxes annually. She assumed it was just the cost of her income level.It wasn't...
05/25/2026

A physician came to us paying $230,000 in taxes annually. She assumed it was just the cost of her income level.

It wasn't.

Anonymized case study: Neurologist, $680k net income, practice owner. Found several strategies her CPA hadn't implemented: defined benefit plan, cost segregation on office building, Augusta Rule, and entity restructuring. Year 1 reduction: $67,000. Ongoing: $55k+ annually.

This is real. Do you want to know what your number could look like?

The strategies exist. The tax code is full of them. So why do most high-income doctors never use them?Three real reasons...
05/22/2026

The strategies exist. The tax code is full of them. So why do most high-income doctors never use them?

Three real reasons:
1) Their advisor isn't specialized in them.
2) They require mid-year action, not just year-end filing.
3) They feel complex — and complexity kills implementation.

With white-glove service these do not become obstacles.

Which of these three is your biggest barrier? I read every comment.

Most employed physicians and veterinarians assume they have almost no tax levers. They're wrong. They've just never been...
05/21/2026

Most employed physicians and veterinarians assume they have almost no tax levers. They're wrong. They've just never been shown them.

Not having the right advisor might leave significant money on the table.

DM me W2 and I'll send you the W2 physician tax checklist — specific to your situation.

If you own your practice, your tax options are completely different from an employee. And most practice owners are using...
05/19/2026

If you own your practice, your tax options are completely different from an employee. And most practice owners are using maybe a few of the tools available to them.

Examples: entity structure optimization, defined benefit plans, cost segregation, Augusta Rule, family employment (avoiding F**A & Medicare on kids under 18), cost segregation for real estate.

Which of these have you actually used? Be honest — I'll tell you what you're leaving on the table. There are more options beyond these.

Tax preparation and tax planning sound the same. They're not even close.Preparation = historical, reactive, form-driven ...
05/18/2026

Tax preparation and tax planning sound the same. They're not even close.

Preparation = historical, reactive, form-driven — tells you what happened.
Planning = proactive, structural, strategy-driven — determines what will happen.

Most doctors only get one but benefit from the other.

Save and share this — most professionals need this information.

The highest-earning veterinarians and doctors are also the most exposed. Not because they're not smart… but because they...
05/15/2026

The highest-earning veterinarians and doctors are also the most exposed. Not because they're not smart… but because they don't have time to question what they don't know.

High earners outsource thinking to trusted advisors. That trust, without verification, creates blind spots. Busy = exposed.

When did you last audit your tax strategy — not your filing, your strategy? Drop your answer below.

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4905 W Tilghman Street #300
Allentown, PA
18104

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