Posts Tagged ‘medical practice sale’
Build Wealth Without the Tax Hit: 10 Investment Picks
Want to grow your money without handing a big chunk to the IRS every year?Smart investing isn’t just about returns. It’s about what you keep after taxes. Here are 10 investment picks and strategies that help you build wealth tax-free or tax-deferred, backed by real tax planning and proven results. We’ll also show you where…
Read MoreThe Worst Ways to Invest in Real Estate
Real Estate Isn’t Always a Goldmine Some of the worst ways to invest in real estate are disguised as smart financial moves. While property investing is often praised for its wealth-building potential, not all deals pay off. In fact, many real estate ventures drain your money, time, and tax efficiency—especially when they’re driven by hype…
Read MoreShould You Restructure Your Medical Practice? A Guide to Tax-Smart Business Decisions
The evolving tax landscape in 2025 presents both challenges and opportunities for your medical practice. Choosing the best tax structure for doctors under new tax laws is more important than ever. Understanding these changes is crucial to making informed decisions about restructuring. Key Tax Changes Affecting Medical Practices in 2025 Expiration of Tax Cuts and…
Read MoreAvoid These Costly Tax Mistakes When Selling a Medical Practice
Selling a medical practice is a major financial transaction, and without proper tax planning, you could end up paying more in taxes than necessary. Fortunately, with the right strategies, you can significantly reduce your tax liability and maximize the proceeds from your sale. This guide will walk you through essential tax-saving strategies tailored to U.S.…
Read MoreRetirement Planning for Physicians: Why It’s Tougher Than You Think (and How to Overcome the Challenges)
Retirement planning is a crucial financial goal, yet for physicians, it comes with unique challenges that make it more complex than it is for most other professionals. While doctors often earn high salaries, they also start saving later, face significant student debt, and deal with the financial and operational complexities of running a practice. That…
Read MoreAccounting Basics for Physicians
Understanding accounting basics is crucial for any physician. You’ve dedicated years of hard work and study to your medical career. But in the midst of your busy schedule, have you ever stopped to think about how important accounting is for your practice’s success? Accounting isn’t just a chore to get through; it’s a vital tool…
Read MoreThe 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…
Read MoreHow Doctors Can Create a Tax-Free Retirement, Part II
Tax planning for retirement? These strategies will help you create a tax-free plan for your medical practice.
Read MoreHow Multi-Physician Practices Can Minimize Their Taxes
Are you part of a multi-physician practice? Key tax planning considerations include business structure, retirement planning & succession planning. Here’s how to focus on these areas.
Read MorePhysician 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.
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