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...
by myvault | Mar 24, 2025 | Retirement Planning, Tax Compliance, Tax Planning
For healthcare travelers and independent practitioners in 2025, managing your Solo-401(K) effectively is crucial for securing a comfortable retirement. Understanding how to maximize contributions and implement smart investment strategies can significantly boost...
by myvault | Mar 14, 2025 | Entity Planning, Tax Compliance, Tax Planning, Taxes
S Corporations (S Corps) offer several tax advantages and strategies that can help business owners optimize their tax situations. Here are some key strategies to consider: 1. Pass-Through Taxation: S Corps are not subject to federal income tax at the corporate level....
by myvault | Jan 3, 2025 | Entity Planning, Tax Compliance
S-Corps are a favored entity structure for their combination of limited liability and passthrough taxation, which prevents double taxation. Shareholders of an S corporation receive compensation and distributions based on their roles within the company. S-Corp owners,...
