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HEALTHCARE WORKER

Minimizing tax liability.
Maximizing wealth accumulation.

Our tax analysis reveals how contract workers could
SAVE SEVEN FIGURES IN TAXES, even if they have a CPA.

HEALTHCARE WORKER

Minimize tax liability.
Maximize wealth accumulation.

Our tax analysis reveals how contractors could SAVE SIX FIGURES IN TAXES,
even if they have a CPA.

A married healthcare worker is 38 years old and operates her own LLC. The husband is 40 and a stay-at-home dad
The couple has 4 kids, all under 18
She contracts through their LLC with $500K in profit per year ________________________________
TAXES OWED: $145,593
scroll for seven Tax Reduction Strategies

CASE STUDY: A CONTRACTOR'S SCENARIO

CASE STUDY: A CONTRACTOR'S SCENARIO

A married healthcare worker is 38 years old and operates her own LLC. The husband is 40 and a stay-at-home dad
The couple has 4 kids, all under 18
She contracts through their LLC with $500K in profit per year _________________________
TAXES OWED: $145,593
scroll for seven Tax Reduction Strategies

STRATEGY #1

$76,500

Savings in self-employment tax

Schedule C to S Corp

Federal Tax Savings:  $28,305
State Tax Savings:  $3,251

  • Eliminates $500,000 in profits from being subject to the 15.3% Self-Employment Tax.
  • Taxpayer will take a reasonable salary of $150,000.

STRATEGY #2

$69,000

Tax-deferred investment

Defined Benefit Plan

Federal Tax Savings:  $25,530
State Tax Savings:  $2,933

  • Retirement plan with a contribution of $275,000 into a defined benefit plan. 

STRATEGY #1

$76,500

Savings in self-employment tax

Schedule C to S Corp

Federal Tax Savings:  $28,305
State Tax Savings:  $3,251

  • Eliminates $500,000 in profits from being subject to the 15.3% Self-Employment Tax.
  • Taxpayer will take a reasonable salary of $150,000.

STRATEGY #2

$69,000

Tax-deferred investment

Defined Benefit Plan

Federal Tax Savings:  $25,530
State Tax Savings:  $2,933

  • Retirement plan with a contribution of $275,000 into a defined benefit plan. 

STRATEGY #3

$58,400

Deduction

Paying the Kids

Federal Tax Savings:  $21,608
State Tax Savings:  $2,482

  • Each of the four children will be paid a yearly salary of $14,600.

STRATEGY #4

$56,000

Deduction

Private Rental Strategy

Federal Tax Savings:  $20,720
State Tax Savings: $2,380

  • Private rental tax-free reimbursement. 

STRATEGY #3

$58,400

Deduction

Paying the Kids

Federal Tax Savings:  $21,608
State Tax Savings:
$2,482

  • Each child will be paid yearly salary of $14,600.
  • Individual standard deduction is $14,600; they will receive the salary tax-free.
  • Preferred Option: Contribution into Roth of $7,000.

STRATEGY #4

$56,000

Deduction

Private Rental Strategy

Federal Tax Savings:  $20,720
State Tax Savings: $2,380

  • Private rental tax-free reimbursement. 

Minimize liabilities. Maximize wealth.

Contract Worker

Tax Savings Readiness

This tax analysis is for contractors who are:

  • Prepared to seize command of their financial destiny…
  • Exhausted from funneling tens of thousands of dollars to the IRS instead of channeling it towards retirement savings
  • Eager to embrace empowerment through tailored strategies crafted with the medical industry in focus
  • Desiring liberation from feelings of entrapment or stagnation
  • Primed to reclaim control and initiate a journey towards empowerment!

Contract Healthcare Worker's

Tax Savings Readiness

This tax analysis is for contractors who are:

  • Prepared to seize command of their financial destiny…
  • Exhausted from funneling tens of thousands of dollars to the IRS instead of channeling it towards retirement savings
  • Eager to embrace empowerment through tailored strategies crafted with the medical industry in focus
  • Desiring liberation from feelings of entrapment or stagnation
  • Primed to reclaim control and initiate a journey towards empowerment!

Minimize liabilities. Maximize wealth.

STRATEGY #5

AUTO
EXPENSE

$148,000

Deduction

Federal Tax Savings: $54,760
State Tax Savings: $6,290

Owner/operator purchased
$185,000 luxury SUV for business,
during the Tax Year.

80% of vehicle can be written off.

STRATEGY #6

INVESTMENT
PROPERTY

$92,000

Purchase price

Federal Tax Savings: $34,040
State Tax Savings: $3,910

STRATEGY #7

BOARD OF
ADVISORS

$50,000

Income reduction

Federal Tax Savings: $18,500
State Tax Savings: $2,125

  • Strategic framework for involving family members in critical business and financial decisions

- TAXES OWED -

BEFORE MATTHEW JAMES
TAX PROS

$145,593

WITH MATTHEW JAMES TAX PROS

$ 145593

$145,593 Saved

100% Reduction

STRATEGY #5

$148,000

Deduction

AUTO
EXPENSE


Federal Tax Savings: $54,760
State Tax Savings: $6,290

Physician purchased luxury SUV for business, for $185,000 during the Tax Year. 80% of vehicle can be written off.

STRATEGY #6

$92,000

Purchase price

INVESTMENT
PROPERTY


Federal Tax Savings: $34,040
State Tax Savings: $3,910

Using Accelerated Depreciation

STRATEGY #7

$50,000

Income reduction

BOARD OF
ADVISORS


Federal Tax Savings: $18,500 State Tax Savings: $2,125

Strategic framework for involving family members in critical business and financial decisions

TAXES OWED

BEFORE MATTHEW JAMES TAX PROS

$145,593

WITH MATTHEW JAMES
TAX PROS

$ 145593

$145,593 Saved

100% Reduction

A glimpse of the Matthew James Tax Pros Approach: IDENTIFY TAX DEDUCTIONS DISCOVER LEGAL ENTITY STRUCTURES UNCOVER UNKNOWN STRATEGIES HARNESS EXCLUSIVE TAX PLAN

The Matthew James Tax Pros Approach: IMPLEMENT TAX DEDUCTIONS DISCOVER ENTITY STRUCTURES UNCOVER UNKNOWN STRATEGIES HARNESS EXCLUSIVE TAX PLAN

Your business. Your money. Your future.

Whether you’re an Oil and Gas Business Owner, Physician, Social Media Influencer, Small Business Owner, Healthcare Contractor, Professional Athlete, Professional Racer, or highly compensated Executive…

OUR STRATEGIES PUT MONEY BACK IN YOUR WALLET.

BUSINESS TAX ANALYSIS

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Matthew James Tax Pros.

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