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Understanding Different Business Entities: Independent Contractors, Locum Tenens, Solopreneurs, and One-Person Companies

Uncertainties and economic challenges brought by the pandemic have increased the demand for independent contractors and have enhanced the growth of the gig economy. Individuals learned to embrace various forms of self-employment and business ownership as they navigate on the new normal, find flexibility, autonomy, and work-life balance. Join us in this blog as we… Continue reading Understanding Different Business Entities: Independent Contractors, Locum Tenens, Solopreneurs, and One-Person Companies

LOCUM TENENS: BUSINESS STRUCTURES

Part 3: Business Structures for A Single Locum Tenens Locum Tenens in the medical community, such as physicians (MD), physician assistants (PA), nurses (RN), advanced nurses (NP & CRNA) and other medical specialists (PT, OT, SLP), have played a crucial role in ensuring that our healthcare facilities can continue to provide quality care to patients… Continue reading LOCUM TENENS: BUSINESS STRUCTURES

LOCUM TENENS: Qualified Business Deductions

Part 2: Qualified Deductions for Locum Tenens as Independent Contractor (Solo Practice) In the previous blog, we discussed the difference in the tax requirements between Locum Tenens working as independent contractors and as employees. Now, we will talk about the qualified deductions specifically related to locum tenens working as independent contractors. Understanding the tax implication… Continue reading LOCUM TENENS: Qualified Business Deductions

Locum Tenens: 1099-NEC vs. W2

Part 1: Independent Contractor (Solo Practice) vs Employee What is Locum Tenens? Locum Tenens is defined as a person who temporarily fills the role of another, and this is most common in the medical field such as physicians (MD), physician assistants (PA), nurses (RN), advanced nurses (DNAP & CRNA) and other medical specialists (PT, OT,… Continue reading Locum Tenens: 1099-NEC vs. W2