033 – That 1099 vs W2 Life with Dave Denniston

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!My next guest is Dave Denniston who is a Chartered Financial Analyst that works with physicians. He also is a fellow podcaster and hosts the Freedom Formula for Physicians Podcast. I am definitely a fan of the podcast and this is due to his knowledge, consistency, and genuineness. The show covers a wide range of relevant topics to docs including student loan debt, burnout, and reducing tax burden. I brought him on the show to talk about how the Docs Outside the Box Nation can learn to manage taxes more efficiently. Don’t dismiss this podcast – you’ll going to learn a lot from this interview. This is a very important subject especially if you plan on living outside the box, which is quite different than a W2 situation. Dave is also an author of four books that you can find on Amazon.com right now: Freedom Formula for Physicians: A prescription for First-Class Financial Health For Doctors Insurance Guide for Doctors 5 Steps to Get Out of Debt for Physicians Workbook 17 Myths Uncovered About Financial Freedom for Doctors: It’s Not What You Make, It’s What You Keep Things you’ll learn in this episode: Dave shares his touching personal story as to why he works with doctors Compare and contrast W2 vs 1099 Is there a risk to being an independent contract and the public service loan forgiveness program What’s the difference between a LLC and a S corporation How tax deductions help business owners Common tax deductions that he sees physicians miss all the time   Disclaimer: ***Please see your Tax CPA before taking this advice***   Links talked about during the show: 7 Financial Lessons from The Doc Outside the Box https://empireflippers.com/podcasts/ http://webequityshow.com/ https://itunes.apple.com/us/podcast/empire-podcast-buying-selling-websites-investing-in/id476852137?mt=2 https://itunes.apple.com/us/podcast/web-equity-show-justin-cooke/id1022624233?mt=2   If you enjoy the show please be sure to review this podcast episode on Apple Podcasts – I would so appreciate it….plus I read all the reviews on the show! Please subscribe for future great episodes!!! Apple Podcasts

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