3 Ways Incorporating Can Save Medical Professionals Huge Amounts of Money
- April 28, 2017
- Posted by: admin
- Category: Uncategorized
Lower Tax Rates
Medical Professionals are in the highest income tax bracket, paying over 45%. By incorporating your medical business you can take advantage of a lower corporate tax rate of 15%
Tax Free Dividends
Annually, you and a spouse could be eligible for as much as $70,000 a year worth of tax free dividends from your corporation.
By utilizing proper record keeping, your corporation can be used to purchase automobiles. It is common for corporations to provide vehicles for the use of the corporation’s directors
Looking for finance and accounting help? Dean and Associates Accounting has over 14 years of experience working with Medical Professionals, Small Business Owners, and Non for Profit Organizations.