by myvault | Sep 15, 2025 | Entity Planning, Tax Compliance, Tax Planning, Taxes
What is the QBI Deduction? The Qualified Business Income (QBI) deduction, created by the Tax Cuts and Jobs Act (TCJA), allows eligible taxpayers to deduct up to 20% of qualified business income from pass-through entities (sole proprietorships, partnerships, S...
by myvault | Sep 12, 2025 | Entity Planning, Entrepreneurship, Tax Compliance, Tax Planning, Taxes
Owning a nurse practitioner business brings both independence and responsibility, especially when it comes to managing taxes. The right strategies can help you keep more of what you earn while staying compliant with tax laws. Effective tax planning allows you to...
by myvault | Aug 8, 2025 | Entity Planning, Entrepreneurship, Tax Compliance, Tax Planning
Deciding when to expand your private practice can be a major turning point for your business. As demands grow and operational challenges become more complex, expert guidance may be the difference between steady growth and unexpected setbacks. You should consider...
by myvault | Jul 9, 2025 | Accounting & Bookkeeping, Entity Planning, Tax Compliance, Tax Planning, Taxes
For healthcare practitioners, particularly those operating S Corporations, closely held corporations, or professional service entities, determining and documenting reasonable compensation for shareholder-employees is a critical tax compliance issue. The IRS...
by myvault | Jun 25, 2025 | Accounting & Bookkeeping, Entity Planning, Tax Compliance
Navigating the landscape of business structures is a crucial first step for any healthcare provider looking to establish or grow their practice. The right legal entity impacts everything from liability and taxation to daily operations and long-term...
by myvault | Apr 15, 2025 | Entity Planning, Tax Compliance, Taxes
Navigating the world of taxes as an independent healthcare practitioner can be challenging, especially when dealing with S-Corp status. Understanding the concept of reasonable compensation is crucial, as the IRS expects owner-employees to earn wages that fit their...
