-- Moreno Valley, CA insurance agency Prism Insurance Agency announced the launch of a service helping professionals in the medical and healthcare system with a comprehensive tax planning program. The program is designed to help physicians, surgeons, dentists, and small healthcare practices avail special tax incentives for their industry.
The services are able to help dentists and doctors with their own practice obtain special tax incentives designed to help them. The services are also able to help reduce costs and expenses already paid out by the practice. The service even goes as far as helping them take advantage of special tax-advantaged retirement planning strategies.
More information about this special program from Prism Insurance Agency is available at https://www.myprisminsurance.com/blog/medical-health-care-industry-specialized-tax-incentives-cost-reduction-strategies.aspx
The Inland Empire, CA insurance agency has introduced this special healthcare tax incentive program to help qualified practitioners avail the maximum possible tax benefit for their practices. The location of the practice can be anywhere in California to anywhere in the United States.
Prism Insurance Agency estimates that the average benefit available to a qualifying medical or dental practice is $160,000. California’s limitation on SALT (State And Local Tax) deductions places a significant financial burden on healthcare practices. By taking advantage of the services offered through this program, healthcare professionals from physicians to surgeons, dentists and chiropractors can save tens of thousands of dollars in expenses and taxes.
High tax brackets for medical practitioners in California and elsewhere in the US make it essential for healthcare professionals to carefully plan their tax liabilities and manage costs wherever possible.
Experienced insurance consultants in Moreno Valley help practitioners qualify for specialized tax incentives that reduce overall costs. Small practices can avail of tax benefits if they own commercial property, directly employ U.S. staff, pay property or Federal income tax. Other criteria that can help increase the savings include the installation of energy efficiency upgrades and equipment upgrades.
Prism Insurance Agency performs a complete analysis of tax incentives available to healthcare businesses in Southern California and elsewhere in the United States. Qualifying practices include physicians, dentists, orthodontists, surgeons, dermatologists, therapists, and General Practitioners. Eye care centers and medical imaging facilities also qualify for tax incentives.
During the COVID-19 crisis, Prism Insurance Agency recommends that clients take a moment to plan their expenses including their taxes and is open to help over the phone or through their website.
According to a spokesperson for the Inland Empire, CA insurance agency, “We are happy to offer our tax incentive and cost reduction planning program to maximize tax incentives for physicians, surgeons, dentists, and other healthcare practices across California and throughout the USA. Our experienced team helps healthcare practitioners stop worrying about their tax burdens and expenses and to focus on delivering core health services to their local communities.”
Prism Insurance Agency is a full-service independent insurance agency in Moreno Valley with more than 10 years’ experience in specialized insurance and tax advantaged products. In addition to the extensive tax planning strategies from WOTC, to Engineering-based Property Cost Allocation to Property Tax Reduction and Energy EPAct / 179d incentive optimization. The agency also offers reliable auto, home, life, general liability, workers’ compensation, and retirement planning insurance products.
For more information about tax incentives for CA medical practitioners, call 951-243-2800 or visit the URL above.
Release ID: 88951722