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Tax Strategies Every Self-Employed Physician Should Know

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Independent physicians face unique tax challenges, but also powerful opportunities. This blog breaks down key strategies like forming an LLC, electing S corp status, maximizing deductions, and using bonus depreciation to reduce tax liability. Learn how to avoid common pitfalls and run your medical practice like a business. Revo Tax and the Hidden Money Podcast helps self-employed doctors keep more of what they earn, strategically and compliantly.

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LATEST UNLEASHED EPISODE

Career Pivots, Planning Wins, and the Power of Proactive Tax Strategy

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Episode 3 of Hidden Money Unleashed gets personal as Kevin shares the unexpected twists that led him from failed dreams to a thriving career in tax strategy. Through honest reflections on faith, failure, and family, Kevin and Mike explore how life’s detours can shape deeper purpose.

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Tax Strategies Every Self-Employed Physician Should Know

Independent physicians face unique tax challenges, but also powerful opportunities. This blog breaks down key strategies like forming an LLC, electing S corp status, maximizing deductions, and using bonus depreciation to reduce tax liability. Learn how to avoid common pitfalls and run your medical practice like a business. Revo Tax and the Hidden Money Podcast helps self-employed doctors keep more of what they earn, strategically and compliantly.

August 5, 2025

Season 3

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Business
Tax Strategy

Stop Tipping the Government: Tax Myths Keeping You Over-Taxed

In this episode of The Hidden Money Podcast, Mike and Kevin take on the most common tax myths that cost business owners and high earners real money. From misunderstood write-offs to the truth about S Corps and LLCs, they break down what’s fact, what’s fiction, and how to take control of your tax strategy with confidence and clarity.

July 29, 2025

Season 3

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Tax Planning
Tax Strategy
Financial Freedom

Top IRS Red Flags (and How to Avoid Them)

In this episode of The Hidden Money Podcast, CPAs Mike Pine and Kevin Schneider reveal the most common IRS red flags, from round numbers on deductions to multiple years of business losses, and how to avoid or defend them. Learn which tax strategies are worth the scrutiny, how to document your return like a pro, and why smart tax planning shouldn’t mean playing it safe.

July 22, 2025

Season 3

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Tax Planning
Tax Strategy

S Corp Strategy Secrets for Self-Employed Professionals: Unlock Tax Savings Without Triggering Red Flags

In this episode of The Hidden Money Podcast, CPAs Mike Pine and Kevin Schneider unpack the power of S Corporations for small business owners and contractors. From reducing self-employment tax to maximizing the QBI deduction, they break down real-world strategies, share common mistakes, and reveal advanced tips for getting the most out of your S Corp, all in plain English. Whether you're transitioning from W-2 income or already self-employed, this episode is packed with practical tax-saving insights.

July 15, 2025

Season 3

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Entrepreneurship
Financial Freedom
Tax Planning
Tax Strategy

Unpacking the “One Big, Beautiful Bill”: How the 2025 Tax Law Will Reshape Your Finances

On July 4th, 2025, President Trump signed into law the landmark “One Big, Beautiful Bill”—an 870-page tax overhaul that’s already being called one of the most significant pieces of tax legislation in decades. Whether you’re a business owner, investor, or simply trying to keep more of what you earn, understanding what’s inside this law is critical.

July 8, 2025

Season 3

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2025 GOP Tax Bill

Tax Strategies for Small Business Owners and Freelancers

Freelancers and gig workers face a unique tax battle. On one hand, you’re your own boss – but on the other, you’re responsible for every dollar of taxes on the money you earn. The hidden cost of self-employment tax alone can catch many by surprise. Unlike W-2 employees, self-employed people pay the full 15.3% Social Security and Medicare tax on net earnings. That means you’re funding both the “employee” and “employer” portions out of your own pocket. Self-employment tax can eat into your income fast. Without a plan, you’re essentially giving up more of your hard-earned money than necessary. The good news? With the right strategy, you can significantly reduce that burden and keep more cash in your wallet.

June 10, 2025

Season 3

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