Skip to content
  • About
  • Contact
  • Contribute
  • Book
  • Careers
  • Podcast
  • Recommended
  • Speaking
  • All
  • Physician
  • Practice
  • Policy
  • Finance
  • Conditions
  • .edu
  • Patient
  • Meds
  • Tech
  • Social
  • Video
    • All
    • Physician
    • Practice
    • Policy
    • Finance
    • Conditions
    • .edu
    • Patient
    • Meds
    • Tech
    • Social
    • Video
    • About
    • Contact
    • Contribute
    • Book
    • Careers
    • Podcast
    • Recommended
    • Speaking

Tax tips for employed doctors [PODCAST]

The Podcast by KevinMD
Podcast
March 2, 2024
Share
Tweet
Share
YouTube video

Subscribe to The Podcast by KevinMD. Watch on YouTube. Catch up on old episodes!

Join Tod Stillson, a family physician and entrepreneur, as he navigates the intricacies of tax planning and financial well-being for employed doctors. Tod provides valuable insights on transitioning from a traditional W-2 employee role to becoming a micro-business owner, offering key tips on tax-saving strategies, downsizing full-time positions, and maximizing deductions. As the health care industry continues to evolve, employed doctors must stay ahead of the curve when it comes to their finances. Tod discusses how to effectively navigate the ever-changing landscape of taxation to optimize financial health and secure a stable future. Whether you are a seasoned practitioner looking to make a strategic career transition or a new doctor seeking to boost your financial literacy, Tod offers practical advice and expert guidance to help you achieve your financial goals.

Tod Stillson is a family physician, entrepreneur, and Amazon best-selling author of Doctor Incorporated: Stop the Insanity of Traditional Employment and Preserve Your Professional Autonomy. He can be reached at SimpliMD.  Follow him on Facebook, Instagram, and X @DrInc9, or join his Facebook community for doctors, Every Doctor Is A Business.

He discusses the KevinMD article, “Tax tips for employed doctors: the allure and hazards of safe harbors.”

Our presenting sponsor is Nuance, a Microsoft company.

Do you spend more time on administrative tasks like clinical documentation than you do with patients? You’re not alone. Clinicians report spending up to two hours on administrative tasks for each hour of care provided. Nuance, a Microsoft company, is committed to helping clinicians restore the balance with Dragon Ambient eXperience – or DAX for short. DAX is an AI-powered, voice-enabled solution that helps physicians cut documentation time in half. DAX Copilot combines proven conversational and ambient AI with the most advanced generative AI in a mobile application that integrates directly with your existing workflows. DAX Copilot can be easily enabled within the workflow of the Dragon Medical application to bring the power of ambient technology to more clinicians faster while leveraging the proven and powerful capabilities used by over 550,000 physicians.

Explore DAX Copilot today. Visit https://nuance.com/daxinaction to see a 12-minute DAX Copilot demo. Discover clinical documentation that writes itself and reclaim your work-life balance.

VISIT SPONSOR → https://nuance.com/daxinaction

SUBSCRIBE TO THE PODCAST → https://kevinmd.com/podcast

RECOMMENDED BY KEVINMD → https://kevinmd.com/recommended

GET CME FOR THIS EPISODE → https://earnc.me/qeTlIz

Powered by CMEfy.

ADVERTISEMENT

Prev

Breaking free from sugar addiction: Why cold turkey doesn't work

March 2, 2024 Kevin 1
…
Next

Physician-led health care transformation: Debunking myths

March 3, 2024 Kevin 1
…

Tagged as: Practice Management

Post navigation

< Previous Post
Breaking free from sugar addiction: Why cold turkey doesn't work
Next Post >
Physician-led health care transformation: Debunking myths

ADVERTISEMENT

More by The Podcast by KevinMD

  • Invoking your rights is the only way to survive a federal investigation [PODCAST]

    The Podcast by KevinMD
  • World Health Organization reframes fertility care as a fundamental right [PODCAST]

    The Podcast by KevinMD
  • Racial disparities in pancreatic cancer screening cost Black lives [PODCAST]

    The Podcast by KevinMD

Related Posts

  • The real cause of America’s opioid crisis: Doctors are not to blame

    Richard A. Lawhern, PhD
  • 3 reasons why doctors don’t unionize

    Baird Brightman, PhD
  • Why building your social media following is critical to your practice’s success

    Sheila Nazarian, MD
  • Not all physicians are nice

    Dennis Hursh, Esq
  • Essential health messaging tips for physicians [PODCAST]

    The Podcast by KevinMD
  • When doctors are right

    Sophia Zilber

More in Podcast

  • Invoking your rights is the only way to survive a federal investigation [PODCAST]

    The Podcast by KevinMD
  • World Health Organization reframes fertility care as a fundamental right [PODCAST]

    The Podcast by KevinMD
  • Racial disparities in pancreatic cancer screening cost Black lives [PODCAST]

    The Podcast by KevinMD
  • Hidden financial dangers of wRVU thresholds in medical employment agreements [PODCAST]

    The Podcast by KevinMD
  • Healing chronic illness requires treating the mind alongside the body [PODCAST]

    The Podcast by KevinMD
  • Medicare cuts are destroying independent rural medical practices [PODCAST]

    The Podcast by KevinMD
  • Most Popular

  • Past Week

    • Alex Pretti: a physician’s open letter defending his legacy

      Mousson Berrouet, DO | Physician
    • The elephant in the room: Why physician burnout is a relationship problem

      Tomi Mitchell, MD | Physician
    • ADHD and cannabis use: Navigating the diagnostic challenge

      Farid Sabet-Sharghi, MD | Conditions
    • Why private equity is betting on employer DPC over retail

      Dana Y. Lujan, MBA | Policy
    • Leading with love: a physician’s guide to clarity and compassion

      Jessie Mahoney, MD | Physician
    • Genetic mutations and racial disparities in leukemia survival

      Kurt Miceli, MD, MBA | Conditions
  • Past 6 Months

    • Physician on-call compensation: the unpaid labor driving burnout

      Corinne Sundar Rao, MD | Physician
    • How environmental justice and health disparities connect to climate change

      Kaitlynn Esemaya, Alexis Thompson, Annique McLune, and Anamaria Ancheta | Policy
    • Will AI replace primary care physicians?

      P. Dileep Kumar, MD, MBA | Tech
    • A physician father on the Dobbs decision and reproductive rights

      Travis Walker, MD, MPH | Physician
    • What is the minority tax in medicine?

      Tharini Nagarkar and Maranda C. Ward, EdD, MPH | Education
    • Why the U.S. health care system is failing patients and physicians

      John C. Hagan III, MD | Policy
  • Recent Posts

    • Genetic mutations and racial disparities in leukemia survival

      Kurt Miceli, MD, MBA | Conditions
    • The hidden costs of the physician non-clinical career transition

      Carlos N. Hernandez-Torres, MD | Physician
    • Invoking your rights is the only way to survive a federal investigation [PODCAST]

      The Podcast by KevinMD | Podcast
    • Why almost nobody needs a PhD anymore: an educator’s perspective

      Richard A. Lawhern, PhD | Education
    • Health advice vs. medical advice: Why the difference matters

      Abd-Alrahman Taha | Education
    • Why private equity is betting on employer DPC over retail

      Dana Y. Lujan, MBA | Policy

Subscribe to KevinMD and never miss a story!

Get free updates delivered free to your inbox.


Find jobs at
Careers by KevinMD.com

Search thousands of physician, PA, NP, and CRNA jobs now.

Learn more

Leave a Comment

Founded in 2004 by Kevin Pho, MD, KevinMD.com is the web’s leading platform where physicians, advanced practitioners, nurses, medical students, and patients share their insight and tell their stories.

Social

  • Like on Facebook
  • Follow on Twitter
  • Connect on Linkedin
  • Subscribe on Youtube
  • Instagram

ADVERTISEMENT

ADVERTISEMENT

  • Most Popular

  • Past Week

    • Alex Pretti: a physician’s open letter defending his legacy

      Mousson Berrouet, DO | Physician
    • The elephant in the room: Why physician burnout is a relationship problem

      Tomi Mitchell, MD | Physician
    • ADHD and cannabis use: Navigating the diagnostic challenge

      Farid Sabet-Sharghi, MD | Conditions
    • Why private equity is betting on employer DPC over retail

      Dana Y. Lujan, MBA | Policy
    • Leading with love: a physician’s guide to clarity and compassion

      Jessie Mahoney, MD | Physician
    • Genetic mutations and racial disparities in leukemia survival

      Kurt Miceli, MD, MBA | Conditions
  • Past 6 Months

    • Physician on-call compensation: the unpaid labor driving burnout

      Corinne Sundar Rao, MD | Physician
    • How environmental justice and health disparities connect to climate change

      Kaitlynn Esemaya, Alexis Thompson, Annique McLune, and Anamaria Ancheta | Policy
    • Will AI replace primary care physicians?

      P. Dileep Kumar, MD, MBA | Tech
    • A physician father on the Dobbs decision and reproductive rights

      Travis Walker, MD, MPH | Physician
    • What is the minority tax in medicine?

      Tharini Nagarkar and Maranda C. Ward, EdD, MPH | Education
    • Why the U.S. health care system is failing patients and physicians

      John C. Hagan III, MD | Policy
  • Recent Posts

    • Genetic mutations and racial disparities in leukemia survival

      Kurt Miceli, MD, MBA | Conditions
    • The hidden costs of the physician non-clinical career transition

      Carlos N. Hernandez-Torres, MD | Physician
    • Invoking your rights is the only way to survive a federal investigation [PODCAST]

      The Podcast by KevinMD | Podcast
    • Why almost nobody needs a PhD anymore: an educator’s perspective

      Richard A. Lawhern, PhD | Education
    • Health advice vs. medical advice: Why the difference matters

      Abd-Alrahman Taha | Education
    • Why private equity is betting on employer DPC over retail

      Dana Y. Lujan, MBA | Policy

MedPage Today Professional

An Everyday Health Property Medpage Today
  • Terms of Use | Disclaimer
  • Privacy Policy
  • DMCA Policy
All Content © KevinMD, LLC
Site by Outthink Group

Leave a Comment

Comments are moderated before they are published. Please read the comment policy.

Loading Comments...