Freedom Formula for Physicians Podcast
S7, Episode 20 - The BIGGEST Tax Deduction for Small Practice Owners and 1099 Physicians
- Author: Podcast
- Narrator: Podcast
- Publisher: Podcast
- Duration: 0:22:43
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Synopsis
Are you looking for a substantial tax deduction? If the answer is YES and you're an independent contractor or you're a small practice owner, then this is something you should look into. In this episode, Dave talks about… What are benefit plans? The basics of the defined contribution plan versus the defined benefit plan Explanation of defined contribution plans Can an independent contractor or a small practice own their pension plan? What happens if you hire a third-party administrator to help calculate how much you can put in? Cons of hiring a third-party administrator Resources Mentioned: Contact: What's My Number? - (612) 284-2409 For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com ----more--------more--------more---- Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserin