Becoming a Locum Tenens Physician is ideal if you want to take your work across the country. You’ll be in a position of greater work flexibility, be able to explore different states and cities and be covered for your work-based transport and accommodation as you go. Though you’ll be working all over the map, you […]
How Locum Tenens can register a tax ‘home’ while working in different states Read More »
Picture it: you have an upcoming business trip to an exciting location, and your spouse gets that sparkle in their eye: “Can I come too?” Beyond the fun of combining business with a bit of leisure, an essential question arises: “Are my spouse’s travel expenses tax deductible?” While we all love the idea of trimming
Are Travel Expenses Tax Deductible When Your Spouse Joins You on a Business Trip? Read More »
Oil and gas are a staple of energy production throughout much of the world, and their potential returns make oil and gas investments an attractive option. Tax incentives designed to encourage oil and gas production also help these opportunities stand out. If you’ve ever considered diversifying your portfolio with energy assets, it’s essential to understand
Tax Benefits of Investing in Oil and Gas: A Detailed Overview Read More »
We recently had a business owner client approach us about his daughter going to college. She is a volleyball athlete and was awarded a full tuition athletic scholarship to her preferred college, BUT it didn’t start until her sophomore year. This had us thinking… are there any special tax provisions related to athletes that would
Are NIL Donations Tax Deductible? Read More »
If you own and rent out an investment property, you may consider a family member as the ideal tenant for your property. After all, you know their background and have a personal relationship with them—which can be more comfortable than turning over the use of your property to a total stranger. But before you decide
Can You Rent an Investment Property to a Family Member? Read More »
Self-employed people can feel like they’re at a disadvantage when it comes to saving for retirement. Without an employer-sponsored retirement plan, it’s up to you to open a retirement account and put money away. For that reason, many small business owners wait until the business is consistently earning healthy profits to start saving for retirement.
Is a SEP-IRA or 401(k) Better? Read More »
As a physician and a business owner, you know how important it is to take advantage of key deductions that can reduce your tax liability. One beneficial—and often misunderstood—tax break for self-employed doctors is the qualified business income (QBI) deduction. The QBI deduction is incredibly complex, but with a basic understanding of what it is
How to Maximize the QBI Deduction as a Physician Read More »
Taxes are a fact of life, but few people take the time to understand how economic conditions can affect what they owe. Inflation is one of those economic factors that can have a surprising impact on your tax filing and may even decrease the amount you owe. In this article, we’ll explore how inflation impacts
Inflation and Its Effects on Your Taxes Read More »
At Cerebral Tax Advisors, we recommend making your tax payments via the government’s secure payments links. This helps to eliminate your payment being lost in the mail and reduces human error with entering your payments into the IRS and state systems. Following is a list of online tax payment websites for the IRS and states.
Estimated Tax Payments Read More »
