This session will explain how tax law impacts AAOMS practices and their owners. Attendees – including owners and non-owners – will learn the best practices to reduce taxes today and in the future. The session will focus on corporate structure for the practice and other related ancillaries; how to reduce taxes at the practice level through compensation arrangements and reducing taxes through benefit planning, including the use of qualified and non-qualified plans.
Learning Objectives:
At the conclusion of this presentation, participants should be able to:
Describe the options to have a practice entity taxed with the goal of reducing income taxes.
List the differences in the tax benefits of qualified and non-qualified plans which can be used in an OMS practice.
Determine tactics to reduce taxes on personal investments in order to be more financially efficient towards retirement.