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Archive for October 2020

Year-End Tax Strategies for Physicians

October 29, 2020
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Physician Tax Solutions’ October Tax-Saving Tips

October 14, 2020

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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Latest Posts

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  • Why Tax Planning Matters More When You Have 1099 Income
  • The Complete Guide to Quarterly Estimated Taxes
  • Best Tax Preparation Services for Physicians With Multiple Income Sources

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At Physician Tax Solutions, a tax planning education division of Provident CPAs PLC, we stand out by providing a unique, proactive approach to tax strategy specifically tailored for physicians, 1099 income earners, and business owners. Our Strategic Wealth System™ (SWS) is designed to address every aspect of your financial well-being with customized solutions that go beyond traditional tax services.

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