UA-170695639-1 Veterinary tax questions for working relief as a 1099 - The Veterinarian Success Podcast

Episode 121

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Published on:

6th Feb 2022

#121 Josh Bennett, CFP®, EA - The Tax Answers for YOUR questions

In this episode, I’m joined by a guest that I likely know better than any other – my partner at Vincere Wealth Josh Bennett. Josh founded Vincere back in 2018 and started Vincere Tax a separate but affiliated tax business in 2020. Josh and I met way back pre-pandemic in 2020 and this one has been on the list to get done as we are on the brink of tax season 2022 it made sense to record. We took questions from the Facebook group and elsewhere and tried to answer as many as we could.

Reminder: Listeners receive a 35% discount using the code "Vet Success" if you use Vincere Tax. Visit www.vinceretax.com.

  • Do I need to keep a separate bank account for my personal and 1099 work?
  • Tips and suggestions for tracking expenses and doing bookkeeping. Also some great ideas for tracking mileage.
  • Write-offs and what often gets missed. Home deductions, vehicles, personal health, and wellness.
  • Retirement options for those in 1099 roles.
  • How to handle payment from a "side hustle" if you have an LLC.
  • Why there is no tax benefit from an LLC.
  • What is a K-1?
  • Tax implications for 1099 works in regards to social security and Medicaid taxes?

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About the Podcast

The Veterinarian Success Podcast
Welcome to the Veterinarian Success Podcast where you go in-depth with a veterinarian specific financial planner Isaiah Douglass, MBA, CFP® to hear stories, opinions, and leading information about the world of veterinarian medicine from industry professionals. The podcast covers topics relating to the clinical, business, financial, and personal side of to help encourage, promote, and advocate for a healthy and happy standard of care for veterinarians, their families, their staff, and their businesses.

About your host

Profile picture for Isaiah Douglass, MBA, CFP®, CEPA

Isaiah Douglass, MBA, CFP®, CEPA

I am a former CERTIFIED FINANCIAL PLANNER™ and a Fee-Only advisor.