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R.S.K. Tax & Consulting, LLC
Is Your Practice Growing Faster Than Your HR Can Keep Up? Growing your practice is exciting—but as your team expands, your HR responsibilities grow too. Many practice owners spend most of their time caring for patients, managing operations, and planning for growth. As a result, HR often becomes something that's only addressed when a problem arises. Unfortunately, waiting until there's an issue can be costly. Is Your HR Keeping Pace? As your practice grows, it's important to make sure your HR...
The Home Office Deduction: Why It Works for Real Estate Agents but Often Fails for Doctors One Room Can Save You Taxes. One Kitchen Table Can Cost You. Many professionals assume that answering emails from home automatically qualifies them for a home office deduction. Unfortunately, the IRS sees things differently. The key issue is a simple but powerful requirement under Section 280A of the Internal Revenue Code: The space must be used exclusively and regularly for business. That single word,...
The $25,000 Question: Are Your Rental Property Losses Saving You Taxes — or Just Sitting on the Shelf? A Tax Strategy Every Doctor, Investor, and High-Income Earner Should Understand You own rental properties. Last year, your rentals generated a $50,000 loss after accounting for depreciation, repairs, maintenance, and property management expenses. At the same time, you earned $400,000 from your career as a physician, business owner, executive, or other high-income profession. Here's the big...