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From Idolatry to Victory- Chapter 1
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Forming A Physician Corporation
How to Form a Physician Corporation: A Step-by-Step Guide As a physician, you have either just signed with a contract group, or you have decided to do some shifts as a Locum Tenens. There is a chance that your contract group will require you to be an employee, but that is not often the case.… Continue reading Forming A Physician Corporation
3 Tips On How To Save Major Dollars Right Out Of Your Residency And Into Your Private Practice
Congratulations! You’ve graduated from medical school and have completed your internship and residency programs. Now, you’re officially ready to reap the financial rewards of all your hard work. Here’s a secret no one has told you yet: this is the moment your financial decisions will affect the rest of your life, at least the next… Continue reading 3 Tips On How To Save Major Dollars Right Out Of Your Residency And Into Your Private Practice
6 Ways Independent Contractors, Physicians And Employees Can Lower Taxes, Protect Assets Fund Retirement
6 Simple Ways Independent Contractor Physicians Can Secure Retirement Funds Early As an Independent Contractor Physician, when you are at work, you are in complete control. In order to obtain that same complete control for the rest of your life, you need to first take a hard and detailed look at your finances. This means understanding how you’re making your income, how it’s being paid to you and what you’re really spending it on. There are several ways to increase the… Continue reading 6 Ways Independent Contractors, Physicians And Employees Can Lower Taxes, Protect Assets Fund Retirement
21 Jan Reduce Self-Employment Taxes—Increase Retirement Savings
As an independent contractor physician, the most painful consequence of failing to properly establish yourself as a corporation is the annual overpayment of income and self-employment taxes. Making the decision to incorporate not only reduces your annual tax burden but significantly increases the amount of retirement savings you can set aside each and every year. As a physician, you have… Continue reading 21 Jan Reduce Self-Employment Taxes—Increase Retirement Savings
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