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Proven Dental Business Plan San Diego

ENGAGE - ADVISORS www.engageadvisors.com L 19136811350 III DOCTORS AND TAX PLANNING STRUCTURES There are various TAX-EFFECTIVE STRUCTURES that DENTIST may be able to use in order to Minimize their TAX LIABILITY. Please contact us to Discuss your Options SUPERANNUATION Still an attractive option for doctors to accumulate long-term wealth. 15% income tax rate in accumulation phase; in retirement phase up to $1.6m may support a tax-free pension. 2 TRUSTS Trusts can function both as investment vehicles and can also be used as the medical practice service entity. Family trusts offer asset protection as well tax planning benefits and can be particularly useful for doctors. 3 INVESTMENT BONDS Have become more attractive options since the May 2016 Budget superannuation changes. Taxed internally at a maximum of 30%, they offer a tax rate that is quite attractive for many doctors. If held for 10 years there are no additional personal tax consequences. Education bonds may offer additional tax benefits. 4 COMPANIES Companies can function as a service entity and also as a corporate beneficiary, which is a company that can be a beneficiary of your family trust - this strategy can offer long-term tax planning options and benefits through franked dividends. Some doctors still 'trade' as a company, in which case you should seek specialist tax advice. If you want to save time on managing your accounts, hire an accountant from Engage Advisors!!

Proven Dental Business Plan San Diego

shared by engageadvisors on Jan 27
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Engage Advisor is the guide to effectively marketing your dental practice, which will help increase both Online and Offline Tactics For Generating New Business, Once you have your Dental Business Plan...

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