Tax Saving Strategies For Physicians With Brad Ewerth, CPA

The Sharon McLaughlin Show: Confidence is Contagious

Sep 5 2023 • 11 mins

In this episode, I speak to Bras Ewerth, CPA about 3 ways physicians can start saving on their taxes.

Brad Eworth, a Certified Public Accountant (CPA) with extensive experience in accounting and tax planning.

Some topics discussed in this episode,

  • The difference between tax professionals who focus on historical tax return preparation and those who actively seek to reduce tax burdens.
  • The challenge of getting clients to be proactive in tax planning.
  • Brad explains the significance of federal tax brackets in tax planning.
  • An overview of the current seven tax brackets, ranging from 10% to 37%.
  • The importance of considering tax brackets when devising tax reduction strategies.
  • Mention of the upcoming changes in tax rates Brad highlights how tax planning is influenced by where you live, mentioning eight states without income taxes.
  • Considerations for clients who might relocate to minimize their tax liabilities.
  • The added complexity of local taxes in certain cities like New York City and St. Louis.
  • The tax implications of various business structures such as S corporations, LLCs, partnerships, and C corporations.

Learn more

Brad@ewerthcpa.com
https://www.ewerthcpa.com


Dr. Sharon Mclaughlin is board board-certified plastic surgeon. She is the founder of the Female Physician Entrepreneurs Network and Business Program where she empowers women physicians by helping them turn their ideas into profitable businesses so that they can have the freedom to live their best lives.

She is also the founder of Mind Lull, which helps others slow down by providing tools and journals that help small business owners improve their focus and have more fulfillment.

Her latest book, Thriving After Burnout, is a compilation of stories from women physicians who share tips and strategies on what helped them during burnout.

Thriving After Burnout

Thriving After Burnout: A Compilation of Real Stories and Strategies to Reduce Female Physician Burnout


Our Business program

https://businessmindsetmd.com


For women physicians

https://fpestrong.com


You can find Dr Mclaughlin’s planners here

Journal and Business Planner For Entrepreneurs and Small Business Owners: Intention and Gratitude Journal For Entrepreneurs


Her website

https://sharonmclaughlinmd.com

You can reach her at

sharon@sharonmclaughlinmd.com

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