Physicians: How you can benefit from the 2018 Trump Tax Plan
On a very special edition of Healthcare Matters, we speak to two tax experts about the new Trump Tax Plan and how it affects physicians. This could mean the difference of 10’s of thousands of dollars a year.
Physicians were specifically carved out of the Trump Tax Plan and therefore can’t take advantage of the major tax cuts. We’re still trying to figure out why the Trump Administration did this, but as we search for this answer, we thought we’d reach out to two tax experts and get their advice as to how physicians could structure themselves and their businesses so they to could benefit.
We decided to look at this through the two major employment models physicians usually find themselves in:
1. Hospital-Employed
2. Independent/Solo
Hospital-employed physicians really take the biggest hit because employees in general will not, and do not get any tax breaks. The real winners are the independent/solo doctors that own their own practice….or the physicians that work for another practice in which they get paid through the business or corporation that they own.
Cunningham Group has created easy to digest formats for all physicians to learn more. We have videos, podcasts, and the full transcript. Head over here to learn more!
If there are any topics you want us to cover on Healthcare Matters, contact us today and let us know.
