PODCAST
BLOGS
How 1099 Physicians Can Legally Hire Their Kids and Save $11,000+ Annually
In a Nutshell Here is the main idea upfront. You work long shifts in patient care. You pay nearly half your revenue in high tax brackets. At the same time, you pay for sports gear, summer camps, and tutoring for your kids using personal funds. A physician family payroll strategy lets you turn those personal…
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…
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…
