FULL-TIME 1099 PHYSICIANS
Full-time 1099 income needs more than quarterly payment reminders.
Tax planning and accounting for physicians whose primary income comes from locums, telemedicine, ER shifts or other contract medical work.
When there is no employer withholding taxes or coordinating benefits, the entity, payroll, bookkeeping, retirement and cash plan all have to work together.
What we look at
Income that changes by shift, contract or month
Federal and state estimated payments based on actual income
Work performed across multiple states
Entity and S-corp decisions as income changes
Owner payroll and reasonable compensation
Solo 401(k), SEP IRA and other retirement-plan decisions
Health-insurance and HSA coordination where applicable
Bookkeeping that separates income sources and expenses
Cash reserves for taxes without leaving too much idle
Someone available before signing a new contract or making a major purchase
Start with the questions.
A few minutes. Rough numbers are fine. No documents.