Posts Tagged ‘Doctors save on taxes’
Tax Planning Updates for 2021
2021 Tax Update – Tax Planning under the New Blue Wave
Estate Planning & Asset Protection Planning for Physicians
How to Reduce Audit Risk
How to Create a Tax-Free Retirement – Part II
How to Create a Tax-Free Retirement – Part I
How to Create a Tax-Free Retirement Creating a tax-free retirement requires careful planning, strategic use of financial accounts, and a clear understanding of tax laws. The aim is to ensure that your retirement income, including both contributions and earnings, is received without tax liabilities. Here are several essential strategies to help you build a…
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Maximize Your Qualified Business Income Deduction
Maximize Your Qualified Business Income Deduction: Tax Tips for 1099 Doctors For 1099 doctors, effectively managing taxes is essential to maintaining financial health. One powerful opportunity to consider is maximizing your Qualified Business Income (QBI) deduction, which is designed to help self-employed individuals reduce their taxable income. Understanding and leveraging this deduction could lead…
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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.
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