Episode #230

20/20 Money Episode #230- How optometrists can use last year’s tax return to proactively plan for the coming year

April 3, 2023

In this episode, we’ll talk about how you can use information from last year’s tax return to plan proactively for the coming year. This approach can help you save money on taxes and avoid common mistakes and, as an optometric practice owner, take more agency over your cash flow during the course of the year.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, be sure to subscribe to our newsletter and you can also set up a Triage conversation to learn a little bit more about how we serve in the capacity of a personal and professional CFO: helping OD practice owners around the country reduce their tax bill, proactively manage cash flow, and make prudent investment decisions both in and out of their practice to help them live their best life on purpose. You can also check out any number of additional free resources like our eBooks, blog posts, and on-demand webinars. Lastly, if you’re interested in learning more about the upcoming launch of the 20/20 Money Membership, please check out the link in the Resources to learn more about what we have in store for you!

Referenced 20/20 Money episodes

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Taxes 101

Savings Hierarchy for Optometrists

Understanding estimate tax payments to proactively manage cash flow (eps 180)

Resources:
20/20 Money Community Information

Credits and Deductions Under the Inflation Protection Act

Episode Transcript

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