Year-End Tax Strategies for Physicians
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.
Read MoreRetirement 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.
Read MoreRetirement Plans for Self-Employed Physicians – Part II
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.
Read MoreRetirement Plans for Self-Employed Physicians
Making the Most of Business Meals and Travel Deductions
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.
Read MoreRenting Your Home to Your Business
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.
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