Making the Most of Your S Corporation Deduction
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.
Read MoreAn 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.
Read MoreTop Mid-Year Tax Strategies for Physicians in the Current Environment
PTS C-Corp Fringe Benefits
Tax Changes for Physicians – COVID-19
Making the Most of Your Home Office Deduction
Congress Passes Paycheck Protection Program Increase Act of 2020
CARES Act – How It Impacts You and Your Business
Individuals and Families Individual Tax Credit/Rebate All individuals who are not dependents are eligible to receive a rebate of up to $1,200 rebate ($2,400 for married filing joint taxpayers). In addition, taxpayers with children dependents qualify for up to a $500 rebate per child. The payment will be based on the 2018 tax return…
Read More$2.2 Trillion Coronavirus Stimulus Package – Who and When You Should Expect Your Direct Payment Check
Single adults with adjusted gross income up to $75,000 will get a $1,200 payment. Married couples with adjusted gross income up to $150,000 will get $2,400. Single parents who file as head of household with adjusted gross income up to $112,500 will get the full $1,200 check. Additionally, Americans with dependent children under the age…
Read More