Category Archives: Tax Planning

How Do I Save Money for Taxes?

save money for taxes

You may wonder, how do successful businesses like yours save money for taxes? Your business is off to a great year and you know you’re going to owe some taxes at year-end. Now is the time to consider putting some money away to pay your tax obligations.

Different methods to save for taxes

First thing …

When do I pay myself a bonus from my medical practice?

medical practice bonus

Your medical practice is doing well. You’ve worked hard to prioritize patient care while still bringing in a profit, and now you have a surplus of cash that you don’t need to cover day to day operations. While this is exciting, deciding exactly what’s best to do with that extra income can feel paralyzing. 

To

Should I pay myself a bonus at the end of the year?

should I pay myself a bonus

Your company is doing well. You’ve seen a boost in profits, have made key strategic decisions, and now you have a surplus of cash that you don’t need to cover day to day operations. While this is exciting, deciding exactly what’s best to do with that extra income can feel paralyzing. One of your first

Incorporation vs Sole Proprietor – which is right?

Incorporation vs Sole Proprietor

Incorporation vs Sole Proprietor – have you been struggling with the decision on which type of company is right for your company? Check out our attached guide to some of the nuances between Corporations and Sole Proprietors.

Organization differences between Incorporation vs Sole Proprietor

A sole proprietor is the simplest business organization. You can still …