Tax Saving Strategies For Physicians With Brad Ewerth, CPA
Manage episode 425894925 series 3582753
In this episode, I speak to Bras Ewerth, CPA about 3 ways physicians can start saving on their taxes.
Brad Eworth, a Certified Public Accountant (CPA) with extensive experience in accounting and tax planning.
Some topics discussed in this episode,
- The difference between tax professionals who focus on historical tax return preparation and those who actively seek to reduce tax burdens.
- The challenge of getting clients to be proactive in tax planning.
- Brad explains the significance of federal tax brackets in tax planning.
- An overview of the current seven tax brackets, ranging from 10% to 37%.
- The importance of considering tax brackets when devising tax reduction strategies.
- Mention of the upcoming changes in tax rates Brad highlights how tax planning is influenced by where you live, mentioning eight states without income taxes.
- Considerations for clients who might relocate to minimize their tax liabilities.
- The added complexity of local taxes in certain cities like New York City and St. Louis.
- The tax implications of various business structures such as S corporations, LLCs, partnerships, and C corporations.
Learn more
Brad@ewerthcpa.com
https://www.ewerthcpa.com
Dr. Sharon Mclaughlin is board board-certified plastic surgeon. She is the founder of the Female Physician Entrepreneurs Network and Business Program where she empowers women physicians by helping them turn their ideas into profitable businesses so that they can have the freedom to live their best lives.
She is also the founder of Mind Lull, which helps others slow down by providing tools and journals that help small business owners improve their focus and have more fulfillment.
Her latest book, Thriving After Burnout, is a compilation of stories from women physicians who share tips and strategies on what helped them during burnout.
Thriving After Burnout
Our Business program
For women physicians
You can find Dr Mclaughlin’s planners here
Her website
https://sharonmclaughlinmd.com
You can reach her at
sharon@sharonmclaughlinmd.com
#taxstategiesforphysicians #taxsavingsforphysicians #taxsavings
The Power of Peacefulness and Stress Relief Podcast was created by Sharon McLaughlin MD FACS to help normalize mental health.
If you need help creating peace in your life be sure to download our peacefulness workbook.
https://sharonmclaughlinmd.com/workbook
I would love to hear your thoughts.
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