Tax Planning for Physicians and Healthcare Professionals

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Why is it Important to Have a CPA Specializing in Physicians?

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Physicians and healthcare professionals spend years pursuing education and training, followed by a demanding work schedule once employed dedicating themselves to the health and well-being of their patients. Few, if any, have the time, interest or expertise to efficiently manage their financial affairs and stay current with ever-changing tax laws to protect themselves from over-paying taxes.   

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How does a subset of physicians and healthcare professionals minimize tax liabilities to the lowest levels possible at levels achieving competitive effective tax rates and boast they are 100% confident they are on track to achieve financial independence, and a point when work will be optional?

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The answer is simple. They work closely with a CPA specializing in strategic tax planning and CPA-level comprehensive financial planning for physicians and healthcare professionals to lead the way.

​Physicians and healthcare professionals that don’t have a solid tax strategy in place can easily find close to 50% of their income going to taxes each year.

And, if they own a home, vehicles and potentially a growing private practice revolving debt can easily take a third of the remaining income – severely limiting disposable income to cover student loans (if they have them), daily living expenses, travel and activities they enjoy.

The result? Stress, frustration and unease. This is not the financial position they envisioned all of those years in medical school.

There is a better way.

It’s specialized tax planning + CPA-level comprehensive tax planning + tax return preparation for physicians and healthcare professionals provided by a qualified CPA who knows physicians and healthcare providers dedicated to their patients deserve a tax savvy CPA dedicated to them, and their family’s financial health and financial future.
 

Our strategic tax planning process (for tax years 2025) and beyond

is designed to generate return on investment (ROI) on your time and money.

We are all about adding value. If we can't generate at least 2x return - i.e. if you current financial structure is inflexible - or their is not enough time left in the current year - your tax plan is complimentary. 
 

If you are not 100% confident your current tax plan and tax strategy (if you have these) and CPA-prepared comprehensive financial plan (if you have one) have you on-track to minimize 2024 and 2025 tax liabilities to the lowest levels possible (while remaining compliant with tax laws) let's talk today.

 

We'll perform a 2024 year-end tax review and find any untapped opportunities you may have missed to drive taxes down further, and set you up to close 2025 out strong. ​
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