This article from PhysiciansThrive.com covers the significant changes in the most recent tax law passed in 2018. The article provides a good summary of these important test changes and ways to maximize your tax savings under these new rules. The elimination of certain itemized deductions means proper tax planning is even more important these days.
Donofrio Tax & Accounting Inc. specializes in closely held professional businesses such as medical practices. We work very hard to reduce income taxes while maximizing your pension and deferred compensation plans. Deferred compensation plans are probably one of the most important part aspects of retirement planning. Long term planning will be very important for your current success and an enjoyable retirement. Make sure you can retire comfortably!
Donofrio Tax & Accounting Inc has the experience you need to properly evaluate and navigate the complexities surrounding tax law. We have helped many medical practices and other small to mid sized businesses over the years. We are available for consultation for you!