Posts Tagged ‘Doctors save on taxes’
Physician Tax Solutions’ October Tax-Saving Tips
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.
Read MoreRetirement Plans for Self-Employed Physicians – Part II
Retirement Plans for Self-Employed Physicians
Retirement Plans for Self-Employed Physicians
Read MoreMaking the Most of Business Meals and Travel Deductions
Renting Your Home to Your Business
Locum Tenens Tax Planning Strategies
Hiring Your Children (Including Spouse and Parents)
PPP Loan Forgiveness & EIDL Latest Rules
Making the Most of Your S Corporation Deduction
An Overview of the Home Office Deduction for Doctors
The home office deduction can provide significant tax benefits for self-employed physicians. But being aware of the right way to go about claiming it is essential to maximize this tax benefit for your specific situation.
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