5 quick tax perks: Put spouse on payroll

Gain these five tax benefits by hiring your spouse as a "bona fide" employee of your medical practice:

1. Build up tax-favored funds for retirement;

2. Shift taxable income away from the medical practice;

3. Get more "tax mileage" from business trips;

4. Expand family healthcare coverage/reduce healthcare premium costs for the family;

5. Ability to join employer-paid life insurance group.

Have questions? I’m here to help.

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About Reed Tinsley, CPA

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Reed Tinsley, CPA for Physicians