Posts Tagged ‘medical professionals’
Maximizing Tax Deductions: How Doctors Can Write Off Business-Related Vacations in 2025
Maximizing Tax Deductions: How Doctors Can Write Off Business-Related Vacations in 2025 For busy medical professionals, finding time for both business development and relaxation can be challenging. However, with proper planning, doctors can combine business trips with leisure travel and legally deduct certain expenses on their 2025 U.S. tax return. While the IRS strictly prohibits…
Read MoreDoctors: Is Your Physician Group Causing You to Pay Higher Taxes in 2025?
Classifying doctors as employees can significantly increase their tax burden An increasing number of doctors are banding together to form medical “super groups,” and the benefits can be significant: economies of scale, greater leverage in negotiations with insurance companies and large hospitals, administrative support that leaves doctors free to focus on patient care, and a…
Read MoreTop Asset Protection Mistakes Doctors Make & How to Avoid Them
Top Asset Protection Mistakes Doctors Make & How to Avoid Them As a doctor, you’ve invested years of education, training, and financial resources into building your career. However, your profession also exposes you to financial risks that can threaten your wealth. Medical professionals are frequent targets of lawsuits, and without proper asset protection strategies, your…
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