Which Tax Status Is Best For Your Practice?

The type of entity in which you operate your practice can greatly impact the amount
of taxes you have to pay.

Partnership, Sole Proprietorship, Personal Service Corporation (PSC),
‘S’ Corporation, ‘C’ Corporation, and Limited Liability Company (LLC) are some
of the types you can use to structure your practice.

Practice owners should seek professional guidance before deciding which status makes the most sense for their individual circumstances. Don’t make the decision to switch entity forms lightly. Making a wrong choice can cost unnecessary taxes.

Choose a professional with a thorough understanding of tax law and the ins and outs of an eyecare practice.

Contact May & Company

May & Company offers professional advice to eyecare professionals in all fifty states on what the best tax status for your situation might be. Simply click here to e-mail or call Ken Hicks, CPA at 601.619.2930 for more information. Your first consultation is absolutely FREE!

About May & Company

Currently serving practitioners in 23 states, May & Company’s firm of 18 CPAs has developed a specialty practice focused on the tax, accounting and QuickBooks® needs of private practice eyecare professionals across the country.

While most CPAs work with only one or two eyecare clients, May & Company sees literally hundreds of eyecare tax returns each year. Because of that, they have acquired an in-depth working knowledge of the specific tax laws and regulations affecting an eyecare practice.

This allows May & Company to provide eyecare professionals with cost-effective, yet highly professional advice on the best ways to save tax dollars based on your specific gross, net, and stage of practice.