What Is Personal Services Income? Simple Guide for Medical Professionals
Many doctors only hear the phrase personal services income when an accountant mentions it halfway through a tax meeting, usually with a slightly worried tone.
Many doctors only hear the phrase personal services income when an accountant mentions it halfway through a tax meeting, usually with a slightly worried tone.
If you’re a doctor in the top tax bracket, you’ve probably noticed something uncomfortable: a large slice of every extra dollar you earn goes straight
Most practice owners can tell you what they pay their receptionist, but ask them what their accounting function really costs and the answer gets fuzzy.
A surprising number of doctors use the words bookkeeper and accountant as if they mean the same thing. They don’t, and mixing them up can
Here’s a question that catches plenty of doctors off guard: why did your accountant, who handles a plumber’s books beautifully, miss a deduction that your
Bringing on your first associate doctor is one of the clearest signs a practice has moved past its early stage – but it’s also one
Hitesh started the business in 2011. He is a UK and Australian qualified Chartered Accountant, Business Coach and Mentor. Author of three books including Blueprint to Wealth and Real Financial Freedom for Medical Professionals and Double Your Profits and Halve Your Working Hours for Medical Practitioners.
Lover of English cars and a soccer nut. Married with two teenage boys, a puppy, a parrot and a fish.
Unusual fact: Hitesh had the opportunity to retire aged 40 but started WOW! Advisors & Business Accountants as a hobby to keep him busy. It quickly become a business. He loves his work and works because he wants to, not because he must.