3 Ways Incorporating Can Save Medical Professionals Huge Amounts of Money

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3 Ways Incorporating Can Save Medical Professionals Huge Amounts of Money

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.

Vehicle Expenses

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.