PODCAST
BLOGS
The Cost of Lazy Bookkeeping: How Separating Meal Ledgers Saves Doctors $1,480+ Annually
In a Nutshell The Trap: Lazy, retroactive bookkeeping groups all food-related costs into a single general “Meals” bucket, capping your deduction at a flat 50% across the board. The Power of Separation: By establishing a specialized, customized chart of accounts, you can separate employee events (100% deductible) from business development dining (50% deductible). The Active…
The 12-Hour Rule: How 1099 Physicians and Locums Legally Turn Hospital Shifts Into Major Tax Savings
In a Nutshell If you are a 1099 independent contractor physician working shifts that last over 12 hours door-to-door, you can combine a compliant home office setup with IRS travel rules to convert your daily commute into a fully deductible business trip. By establishing your home space as your primary administrative center, you write off…
Stop Leaving Money on the Table: How to Get the Biggest Home Office Tax Deduction Possible
In a Nutshell W-2 medical employees cannot deduct any home office expenses under current tax laws. 1099 independent contractors, including telehealth providers and locum tenens physicians, qualify for significant tax write-offs. The simplified method gives you a quick flat rate but often leaves thousands of dollars on the table for high earners. The actual expense…
WEBINARS
Estate Planning for Physicians: Protection for You and Your Family
Estate Planning for Physicians: Protection for You and Your Family Ensure your family’s legacy with our comprehensive webinar, presented by Todd Hudgins, JD, CPA, LLM. This essential session is tailored specifically for physicians, offering critical insights and strategies to safeguard your assets and provide peace of mind for you and your loved ones in…
Preparing for Tax Change: Tax Law Updates and Tax Planning Tips for Physicians in 2024-2026
Preparing for Tax Change: Tax Law Updates and Tax Planning Tips for Physicians in 2024 2026 In an ever-evolving tax landscape, it’s crucial to understand the upcoming changes and how they could impact your financial health. This comprehensive session will cover: 2024-2026 Tax Law Changes: Gain insights into the latest tax legislation and…
