High Income Is Not the Same as Low Tax

A physician earning $600,000 and a physician earning $600,000 with the right entity structure are not in the same tax position. This briefing explains the three areas where most practice owners overpay — and why the difference is often $50,000 to $150,000 a year.

Retirement plan design, S-corporation elections, and the 20% business income deduction all interact — but most advisors treat them separately. Inside, you will find the four questions to put to your CPA this week, and what their answers reveal about whether you are being advised proactively or reactively.