Tax Planning 101: Business Deductions for Doctors

Tax Planning for Doctors Deductions are an important part of tax planning and running a business for doctors. Tax deductions reduce the amount of income that is subject to taxation, thereby reducing the overall amount of taxes owed. Doctors can take advantage of a variety of tax deductions to lower their taxable income, which can…

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Financial Health for Physicians: The Benefits of Accounting for Physicians

Even though physicians typically fall into a higher income bracket than many other occupations, not all physicians experience financial security. This is especially true for physicians working as independent contractors or with their own medical practice. Paying off student loans, costly professional expenses, and managing large amounts of money can make good financial health for…

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The Pros and Cons of Being a 1099 Contractor vs. a W-2 Employee


The ability to choose how work is classified by a professional can be highly beneficial for a number of positions and industries. Though many hiring managers and recruiters are accustomed to working with W-2 employees, this option isn’t always the best when it comes to healthcare. Physicians and other high-income professionals have been discovering the…

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