Posts Tagged ‘New Tax Law’
Making the Most of Your S Corporation Deduction
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.
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 More6 TIPS FOR FINDING THE TAX ADVISOR WHO CAN HELP YOU ACHIEVE YOUR FINANCIAL DREAMS
Smart tax decisions can often save business owners millions of dollars over a lifetime. And that makes partnering with an exceptional tax advisor one of the most important steps you can take to protect and grow your wealth.
And, depending on the structure of your business, you may not have to pay any payroll taxes either. The companies that fall into this category are sole proprietorships, LLCs taxed as disregarded entities, and LLCs taxed as partnerships and owned by you solely. This does not apply to corporations, however, though they may be able to do something about that:
The TCJA is in Full Effect: How Physicians Can Keep More Money
The new tax law made it easier for many doctors to pay less, but not everyone will benefit. From charity to children, here are the decisions which could affect how much income doctors retain in 2019 Doctors are frequently exhausted by their duties and find focusing on their taxes difficult – and MD Magazine…
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