Key Financial KPIs Every 1099 Physician & Physician Assistant Should Track for Sustainable Practice Growth

by myvault | Sep 18, 2025 | Accounting & Bookkeeping, Business Planning, Entrepreneurship, Tax Planning

Running your own practice as a 1099 physician or physician assistant means you carry full responsibility for both patient care and financial performance. Unlike employed positions, your income, expenses, and long-term stability depend on how well you track and manage...

QBI Deduction [Section 199A] for Healthcare Practitioners: A Guide

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...

Tax Planning Strategies for Nurse Practitioner Business Owners to Maximize Savings and Growth

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...

Practical Tips for Quarterly Tax Compliance for Healthcare Travelers & Independent Practitioners

by myvault | Aug 26, 2025 | Tax Compliance, Tax Planning, Taxes

Managing quarterly taxes can feel overwhelming when your work takes you across states or you balance multiple contracts. Whether you’re a travel nurse, locum tenens provider, or an independent practitioner, staying compliant requires careful planning. You can...

Quarterly Taxes: DIY vs Professional Tax Services for Healthcare Practitioners

by myvault | Aug 25, 2025 | Tax Compliance, Tax Planning, Taxes

As we approach another deadline for filing your quarterly taxes – September 15, a quick reminder for 1099 healthcare travelers, locum tenens providers, and independent practitioners. Healthcare practitioners must decide how to manage quarterly tax payments....

Healthcare-Specific Tax Credits You Don’t Want to Miss in 2025: Essential Deductions for Small Practices, Green Energy Investments, and Employee Benefit Programs

by myvault | Aug 18, 2025 | Tax Compliance, Tax Planning, Taxes

Healthcare tax credits in 2025 offer significant opportunities for medical practices to reduce costs and improve their bottom line. Small practices with fewer than 25 employees can claim up to 50% of their health insurance premiums through small business health...