Although we’re already into the holiday season, there’s still time for you to make some personal or business tax-saving money moves before year end. “If you own your own practice, there are some especially good perks that are going to disappear in 2012, so you should plan to take them now,” says Robert G. Baldassari, CPA, a Principal with Matthews, Carter & Boyce, in Fairfax, Virginia.
Even if you follow only a few of these tips, chances are you’ll owe less next April than you would ordinarily — keeping more cash in your pocket. Some of these tips relate solely to your personal tax return, some pertain to physicians who own their practice and thus file a corporate return, and some could apply to either personal or corporate returns.
Click the download button below to view the entire article by Dennis G. Murray, MS recently published in WebMD.
Contact Bob Baldassari for your medical practice accounting and tax planning & compliance needs.