With the aging of the “Baby Boomers” and changes implemented through the Affordable Care Act (ACA), experts anticipate an increase in demand for medical staffing and support. The ACA eliminates limitations in treatment for those suffering with pre-existing conditions. Consequently, medical facilities seek to ramp up staff to meet expected demands.
However, the amount of increased demand is still unclear. Therefore, reliance on medical staffing and support services remains imminent. Reducing costs to free capital for a time of growth remains important for medical staffing and support services. Controlling tax expenses is accomplished for these business owners through Strategic Tax Planning, with emphasis on the following:
- Accounting methodology
- Asset capitalization and depreciation methods
- Independent contractor classifications relating to workers
- Tax credit analysis
- Asset protection
‘The Strategic Tax Planning provides tax minimization and maximum asset protection for medical staffing and medical support service companies.