For medical practices
Tax planning for medical practice owners, built around your facts.
Profitable practices often default into the contribution and entity choices their first CPA suggested at the bottom of the income curve. The practice grew. The plan did not. ProTaxServe revisits the position against the practice as it actually is today.
Strategies that fit
5 of the tax strategies tend to apply here.
Each one is a public-knowledge tax provision. Whether it actually applies to your facts is the work of a planning engagement.
- 01
Cash Balance Plans
A defined-benefit retirement plan structured with hypothetical account balances.
Why it fits medical practice owners: Owner-operators in their 40s, 50s and 60s can deduct contributions well above standard 401(k) and profit-sharing limits.
- 03
Entity Optimization
Structuring business entities (S-corp, C-corp, LLC, partnership) for optimal tax treatment.
Why it fits medical practice owners: PC, LLC and S-corp choices materially change FICA exposure, QBI eligibility and reasonable-compensation ranges.
- 02
Cost Segregation
Reclassifies real estate components into shorter depreciation schedules to accelerate tax deductions.
Why it fits medical practice owners: Owned medical real estate frequently has short-life components that justify an engineering-based study.
- 04
Income Shifting
Legally redistributing income across family members or entities to lower aggregate tax exposure.
Why it fits medical practice owners: Family members with bona fide roles in the practice can earn reasonable compensation in lower brackets.
- 08
Charitable / Trust Planning & Other Advanced Strategies
Donor-advised funds, charitable remainder trusts, dynasty trusts, and related estate-and-tax planning structures.
Why it fits medical practice owners: High-income years and concentrated equity pair well with charitable remainder trusts and donor-advised funds.