How will Capital Gains Tax hit doctors and their wallets? Sometimes current events sweep us into a blog topic, as in the case of today’s trendy Capital Gains tax increase discussion. On the one hand, our readers include physicians who are just beginning to think about investments, passive income, and early retirement. On the other…
Category Archives: Tax Savings
20
Apr
Apr
Health Security Accounts: Why do Doctors need this security? The question has come up recently as some doctors are rushing to finish 2020 taxes. And other physicians are already casting apprehensive eyes toward 2021. Physicians sometimes think they are super beings. They believe they really are super energetic, tough professionals. Such doctors believe they will…
31
Mar
Mar
“How can physicians shrink tax debt?” Every day, doctors of every age and station ask us this question. at Invent Wealth. In fact, we answer this question so often that we view it as one of the big secrets to a happy, comfortable physician’s life. You see, our first answer is that you must gain…
12
Mar
Mar
“Why are stimulus Checks tied to 2020 tax filing?” This is a question on many American’s minds. Most people are aware that President Biden signed the American Rescue bill into law on the afternoon of March 11, 2021. Soon the IRS will distribute 1,400.00 stimulus checks to qualified tax-payers throughout the United States. Of course,…
04
Mar
Mar
Tax boosts could substantially affect your personal and business budget in 2021. In our previous blog, we began our list of five ways doctors and entrepreneurs could expect their tax bills to increase in 2021. As mentioned previously, Tax Bills can increase both for you as an individual, and your practice as a company. So,…
21
Feb
Feb
Why are tax bills increasing for 2021? And why worry about it now when most people are focused on are preparing tax returns for 2020? At InventWealth, we care for the present, of course, but we also obsess about the future. How else can we help you create plans to match your goals? You might…
11
Jan
Jan
Personal Finances are key to many New Year’s Resolutions. We considered titling this blog article “3 More Actionable Ideas for Your First Month–New Year’s Resolutions.” However, we decided on the above title because: This blog’s 3 main points for this, our second blog the first week of 2021 are much too important to be considered…
06
Jan
Jan
Resolutions and self-improvement vows are as much a part of celebrating the New Year as champagne and noise-makers. Now that the first week of 2021 is here, it is time to face a blank page and start listing our promises to ourselves in our New Year’s Resolutions. (Ew. Do we have to? Yes, most of…
24
Aug
Aug
Physicians’ Accounting 101 will contain the secret to financial independence, early retirement, and happiness. That’s a tall order. However, we intend to deliver some Gavrilov Gold. That’s what we have termed our business planning lessons in Accounting 101. Although thisblog article was originally addressed to members of the medical profession, we are inviting all types…