PODCAST
BLOGS
How to Determine a “Reasonable Salary” as a Physician S Corp Owner
In a Nutshell The IRS requires you to pay yourself a fair salary before taking distributions from your S Corp. “Reasonable” means what another physician with your specialty, experience, and workload would earn doing the same job. Pay yourself too little, and the IRS can reclassify your distributions as wages, plus add penalties and back…
The Basics of S Corps for Business Owners: A Physician’s Beginner Guide
In a nutshell: If you’re a physician running your own practice or doing locum work, an S Corp can lower your self-employment tax bill by splitting your income into a “reasonable salary” plus distributions. You only pay payroll taxes on the salary portion. It’s not magic, and it’s not for everyone, but for high-earning doctors,…
How to Reduce Taxes on Physician Side Income
You can earn a strong income as a physician and still feel like taxes are taking too much. That is especially true when side income enters the picture. Maybe you have a W-2 job and pick up telemedicine shifts. Maybe you do locum tenens work. Maybe you consult, review charts, serve as a medical director,…
WEBINARS
Why Tax Planning Matters More When You Have 1099 Income
In a Nutshell If you’re a physician with any 1099 income, the tax code gives you options that pure W-2 earners just don’t have. The three big moves are simple in concept: claim the deductions you already qualify for, set up the right business entity, then layer in advanced strategies once those basics are locked…
Asset Protection Planning for Business Owners and Professionals
“You don’t buy insurance after the loss.”That idea came through clearly in the webinar transcript, and honestly, it’s the easiest way to explain this topic. Asset protection works the same way. You put it in place before the claim, before the lawsuit, before the creditor, before the messy surprise. If you are a high-income…
Mastering Financial Planning for Physicians Strategies for Protection, Liquidity and Diversification
Mastering Financial Planning for Physicians Strategies for Protection, Liquidity and Diversification Protection Comes First, Even If It Feels Less Urgent “Build your wealth once. Don’t build it twice.” That line from the webinar sticks with me because it gets to the point fast. For physicians, financial planning is not just about earning more or…