Blog | Tax Planning & Saving Articles

What changes does the Secure Act bring? How might physicians be affected?

February 21, 2020

At the end of 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) act was signed into law, bringing in new changes and adaptations with regards to retirement savings. On the whole, the changes are positive. The bill appears to acknowledge that we’re all living a little longer, incentivizing businesses to provide savings plans […]

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Where to start with choosing an entity

January 29, 2020

Okay, let’s start at the very beginning – what actually is an entity? A business entity is an organization that has been created by one or more people to carry on a trade or business. We’re going to look at some of the most common types in this blog. Just like choosing the best plan

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5 success rules for your S-corp

January 3, 2020

So you’ve set yourself up as an S-corporation. As your business grows, it’s great to think about yourself as a separate entity from the business, so you’re not muddying the waters between personal and work finances, and you’re protected personally from liability. While you’re legally a separate entity from your business under S-Corp, it’s important

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Tax Tip Tuesday | Passive Income

December 18, 2019

*this is a transcript taken from our weekly Tax Tip Tuesday videos on Youtube. You can watch it here. Hey everyone. Welcome to another Tax Tip Tuesday. My name is Alexis Gallati with Cerebral Tax Advisors, and today we’re going to talk about passive income. Well, basically I’m just going to explain what exactly passive income

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Tax Tip Tuesday | 2019 Year-end tax tips to lower your liability

December 10, 2019

*this is a transcript taken from our Tax Tip Tuesday videos. You can find the full version on Youtube here. Hey everyone, welcome to another Tax Tip Tuesday. My name is Alexis Gallati, and I’m with Cerebral Tax Advisors. Now, what we’re gonna talk about today is the Section 199A deduction, and how you can actually

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Tax Tip Tuesday | The Augusta Rule

December 4, 2019

*this is a transcript taken from our Tax Tip Tuesday videos. You can watch the whole thing on Youtube here. Hey everyone, welcome to another “Tax Tip Tuesday.” I’m Alexis Gallati of Cerebral Tax Advisors, and today we’re gonna talk about the Augusta rule. Now, I’m not sure if all of you know what the Augusta

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Tax Tip Tuesday | Employee vs. Independent contractor

November 20, 2019

Hey everyone, welcome to another Tax Tip Tuesday. Today, I’m going to be discussing the difference between employees versus independent contractors. This is a really important topic because if you try to be independent employee and you’re actually an employee or… Sorry, I just got that screwed up. If you’re trying to be an independent

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Tax Tip Tuesday | Records to keep when building a house

November 13, 2019

*this transcript was taken from our Tax Tip Tuesday post on Youtube. You can watch the video here. Hey everyone, welcome to another tax tip Tuesday. Today I’m going to be talking about something that’s very poignant from my current situation. So as some of you might know, I am building a house and that really

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Tax Tip Tuesday | Health Savings Accounts

November 5, 2019

*this transcript was taken from our Tax Tip Tuesday post on Youtube. You can watch the video here. Hey everyone. Welcome to another Tax Tip Tuesday. Today I’m going to be talking about health savings accounts. These are by far one of my favorite types of tax savings tools and if you’re eligible for which we’ll

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Tax Tip Tuesday | Backdoor Roth

October 29, 2019

*this transcript was taken from our Tax Tip Tuesday post on Youtube. You can watch the video here. Hey everyone. Welcome to another Tax Tip Tuesday. Today we’re going to be talking about the backdoor Roth. This is a very popular subject for physicians and other high-net worth individuals because face it, you guys make too

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