Every single doctor has a goal of paying the least amount of tax possible, but very few know if they are maximizing their tax deductions and minimizing their taxes. Most doctors are overpaying their federal and state income taxes by at least $10,000 annually, with many overpaying by $100,000 or more. There is good news, you don’t have to! As year-end approaches, make sure you've implement changes to cut your income taxes for this year. This course will provide you with strategies to slash your personal and practice income taxes, prepare you for upcoming tax law changes, and provide tips for increasing your profitability and net worth. By the completion of this course, you will be able to:
- Identify creative strategies to reduce taxes
- Know upcoming tax law changes
- Apply steps to prepare for tax law changes
- Implement tax-deductible retirement savings strategies
- Maximize tax-free income
- Evaluate the biggest drivers of profitability and how to improve your practice
- Recognize ways to increase your savings to speed up your path to financial independence
- Evaluate your financial position and learn how to ensure you don’t run out of money in retirement
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