by Financial Designs | Feb 5, 2022 | Blog, Tax
By John Golway, CPA and Founder of Financial Designs Tax Services, LLC Tax reform has been all the buzz since the holidays. Tax professionals and financial advisers around the country have been busy educating themselves on the new rules. Many people will benefit from...
by Financial Designs | Feb 5, 2022 | Blog, Tax
By Chris McQueen, CPA As an independent contractor, you qualify to deduct 100% of business expenses from your taxable income. When you take into consideration all your business expenses, this can result in quite a bit of savings. The list is lengthy, so rather than...
by Financial Designs | Feb 5, 2022 | Blog, Investment, Residents, Tax
By John Golway, CPA and Founder of Financial Designs Tax Services, LLC It’s that time of year… cheery music, crisp weather, shiny lights… and wrapping up your taxes for 2025. Don’t worry – if you have a good CPA, it shouldn’t be as intimidating as it...
by Financial Designs | Jan 4, 2021 | Asset Protection, Blog, Insurance, Investment, Residents, Tax
By Terry Westlund, ChFC®, Co-founder of Financial Designs With the new year, many of you have made or thought about making resolutions. There is probably another sub-set of readers who might have pushed that to the bottom of the proverbial “to-do” list. According to...
by Financial Designs | Oct 27, 2020 | Blog, Residents, Tax
By Chris McQueen, CPA As an independent contractor, you are obligated to submit quarterly tax estimates. Although the phrase “quarterly estimate” can make many feel anxious, this process doesn’t have to be complicated or overwhelming. Here is what you need to know: 1)...
by Financial Designs | May 20, 2020 | Blog, Tax
By Terry Westlund, ChFC Note: This post was updated to reflect 2026 numbers. The tax laws include provisions which benefit many independent contractor physicians (those with 1099 income). If you are a 1099 provider, the Qualified Business Income (QBI) deduction...
