At ProLocums, we value your hard work and commitment.To support your financial well-being, we’ve partnered withDocWealth.io,
experts in providing tailored CPA services for 1099 physicians. Here’s how DocWealth.io can benefit you:
Tax Savings Strategies: Learn how forming an LLC and electing S Corp status can save you money.
Qualified Business Income (QBI): Maximize deductions under the Tax Cuts and Jobs Act of 2017.
State Tax Deductions: Utilize Pass-Through Entity (PTE) Level Tax to bypass the SALT deduction cap.
Section 179 Deduction: Deduct the full purchase price of qualifying equipment and software purchased or financed during the tax year.
Augusta Rule: Exclude rental income from renting out your home for up to 14 days a year from taxable income.
Retirement Contributions: Take advantage of retirement plans designed for independent contractors, like SEP IRAs or Solo 401(k)s, to defer a significant amount of income.
Business Deductions: Benefit from deductions on business expenses such as travel, home office, and continuing education.
Personalized Financial Planning: Customized tax strategies tailored to your unique situation and state regulations.
ProLocums highly recommends DocWealth.io for all your tax planning needs. Visit DocWealth.io to learn more and schedule your free 30-minute session today.
