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Top 5 Year-End Tax Tips for 1099 Medical Professionals

Top 5 Year-End Tax Tips for 1099 Medical Professionals

By John Golway, CPA and Founder of Financial Designs Tax Services, LLC It’s that time of year… cheery music, crisp weather, shiny lights… and wrapping up your taxes for 2018. Not only do you have the regular tax “to-dos”, but there are also new tax rules to be aware...

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Maximizing the New 20% Pass-Through Deduction

Maximizing the New 20% Pass-Through Deduction

By Terry Westlund, Co-Founder Remember the big hub-bub about tax reform almost a year ago? Although the new tax rules were announced at the end of 2017, they don’t take effect until you start working on your 2018 return. Therefore, many are just now starting to think...

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LLC? S Corp? Where do I start?

LLC? S Corp? Where do I start?

By Nate Hansen, CPA As a 1099 medical professional, you may have heard buzz around the need to consider forming an entity. The different types of entities can be confusing and can vary by state. The most important thing to remember is that everyone’s scenario is a...

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The Devils is in the Details: Protecting Your Income

The Devils is in the Details: Protecting Your Income

By Gary Eickhorst, ChFC® Your entire financial plan – your retirement contributions, your savings goals, your debt repayment plan - is likely dependent on your income. What happens if that income goes away? Did you know you are more likely to become disabled during...

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New Physician, Big Paycheck

New Physician, Big Paycheck

By Jay Widler Congrats! After years of hard work, little sleep and lots of determination, you have finished medical school and residency, and your paycheck finally reflects a physician’s salary. The jump from the average residency pay of $51,000 to a full-time...

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Mortgage 101

Mortgage 101

By Rob Bland, Guest Writer, US Bank Home Mortgage Securing a mortgage can be daunting and a tedious process. In fact, many feel like the job of a lender is to find a reason why the financial organization should not lend you the money. Contrary to that belief, as a...

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Five Tips to Managing Medical School Student Loans

Five Tips to Managing Medical School Student Loans

By Noel Roach, AIF® Choosing to complete medical school is not only a large time commitment for physicians but also a large financial commitment. With no federal grant money available and little in private scholarships, students are entering residency with a...

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Identity Theft: Be Prepared, Be Proactive

Identity Theft: Be Prepared, Be Proactive

By Cathy Lucas, Guest Writer, IDShield If someone stole your identity, would you know it? Identity theft can be a serious problem resulting in 100+ hours of work to resolve the issue. Thieves are getting more and more complex in how they obtain your personal data,...

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Tax Reform for the Independent Contractor

Tax Reform for the Independent Contractor

By John Golway, CPA and Founder of Financial Designs Tax Services, LLC Tax reform has been all the buzz since the holidays. Tax professionals and financial advisers around the country have been busy educating themselves on the new rules. Many people will benefit from...

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