physician retirement

How Doctors Can Create a Tax-Free Retirement, Part II

Tax planning for retirement? These strategies will help you create a tax-free plan for your medical practice.
man planning for retirement

Physicians: How to Create a Tax-Free Retirement, Part I

Tax law is complicated and always seems to be changing. When you’re a doctor planning for a tax-free retirement, consider the history of tax rates and weigh your savings options.
How Multi-Physician Practices Can Minimize Their Taxes

How Multi-Physician Practices Can Minimize Their Taxes

Are you part of a multi-physician practice? Key tax planning considerations include business structure, retirement planning & succession planning. Here’s how to focus on these areas.
Maximize the QBI Deduction as a Physician

How to Maximize the Qualified Business Income Deduction as a Physician

The qualified business income (QBI) deduction represents potentially significant tax savings for your business. Learn whether you qualify and how to maximize this deduction.

Physician Tax Solutions’ October Tax-Saving Tips

If you have employees, you must withhold their 6.2 percent share of the Social Security tax from their wages up to an annual wage ceiling ($137,700 for 2020). You must pay the money to the IRS along with your matching 6.2 percent employer share of the tax.
Self-Employed Physicians Retirement Plans

Retirement Plans for Self-Employed Physicians – Part I

When you’re on your own, it’s a challenge to know which retirement plan is right for you. Learn the essentials to maximize contributions and minimize taxes.
What to Know about Business Deductions

Making the Most of Business Meals and Travel Deductions

Tax law is always changing, so it’s important to stay up-to-date. Here’s how to make the most of your deductions related to business meals, entertainment, and travel.
Home Tax Breaks for Business Owners

Renting Your Home to Your Business and Other Tax Breaks

Renting your home to your business is one way to avoid paying rental income tax. Learn about other home-related tax credits when you’re a business owner.
The Latest Rules on PPP Loan Forgiveness and EIDL

The Latest Rules on PPP Loan Forgiveness and EIDL

Learn the criteria for forgivable loans under the Paycheck Protection Program, how to file applications and claims, and the terms of Economic Injury Disaster Loans.
The Benefits of an S Corporation for Physicians

The Benefits of an S Corporation for Physicians

Forming the right business entity is the first step in ensuring your medical practice is successful. Learn the benefits of an S corporation and the deductions you should leverage.
Tax-Free Fringe Benefits

Tax-Free Fringe Benefits: How to Make the Most of a C Corporation

The formation of a C corporation brings many benefits to owners, and tax-free fringe benefits can save employees a lot of money. Learn the types of benefits that apply.

An Overview of the Home Office Deduction for Doctors

The home office deduction can provide significant tax benefits for self-employed physicians. But being aware of the right way to go about claiming it is essential to maximize this tax benefit for your specific situation.