Category: Locum Tenens

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 physicians and CRNAs often wonder which business structure best fits their contract work. Should you remain a sole proprietor, form an LLC, or elect S-corporation status? Each structure has tax, liability, and administrative implications. Choosing the right entity affects how you report income, separate business obligations from personal assets, and handle payroll and filings.  This… Continue reading Locum Tenens Business Structures

Locum tenens physicians and CRNAs working as independent contractors can access valuable tax deductions. Under a 1099 structure, the IRS treats you as a business owner rather than an employee. This classification opens the door to legitimate deductions that may significantly reduce taxable income.  Understanding qualified business deductions for locum tenens contractors helps you keep more of your earnings… Continue reading Qualified Business Deductions for Locum Tenens Contractors

If you work as a locum tenens physician or CRNA, your tax classification directly affects how you report income, pay taxes, and plan financially. Many healthcare professionals assume pay structure only changes paperwork. In reality, the difference between 1099-NEC vs W-2 status can significantly impact your net income, tax liability, and compliance responsibilities.  Understanding how each classification works allows you to make informed… Continue reading Independent Contractor vs. W2 Employee: Tax Implications for Locum Tenens Professionals