by Financial Designs | Apr 28, 2020 | Blog, Insurance, Investment, Residents, Tax
By Katie Bennett, ChFC® 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 $67,400 to a...
by Financial Designs | Dec 19, 2019 | Blog, Insurance, Investment, Recruiters, Residents, Tax
By Terry Westlund, ChFC® As an independent contractor (1099) physician, there can be a lot of moving parts to managing your taxes and overall finances. Sometimes it’s hard to decide where to start. See our top tips below to ensure you are maximizing the unique...
by Financial Designs | May 22, 2019 | Blog, Insurance, Investment, Tax
By John Golway, CPA and Founder of Financial Designs Tax Services, LLC One of your biggest, hairiest bills is likely Uncle Sam. And as an independent contractor, there are some moving parts to your tax planning; however, it also means you can dramatically save in...
by Financial Designs | Apr 11, 2019 | Blog, Investment, Tax
By Ryan Johnson, Wealth Management Partner Being an independent contractor provides financial flexibility including the ability to save substantially for retirement… and subsequently enjoying a significant tax break. Some of the basic tax-deductible retirement...
by Financial Designs | Dec 17, 2018 | Blog, Investment, Tax
By Ryan Johnson, Wealth Management Partner Many consider making charitable contributions during the holiday season. With the new tax rules established this year, you might want to consider if your giving strategy should be tweaked. What changed with tax reform that...
by Financial Designs | Sep 4, 2018 | Asset Protection, Blog, Tax
By Nate Hansen, CPA As an independent contractor 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...
