How Functional Medicine Providers Can Keep More of What They Make, with Craig Cody

<h1>Functional Medicine Providers: What You Will Learn:</h1> <ul> <li>Why it is critical to take a proactive approach to tax planning in <strong>functional medicine</strong></li> <li>How functional medicine providers can keep more of what they make</li> <li>Craig’s approach to tax strategy in the FM niche</li> <li>What to look for in a tax planning strategist</li> <li>Common tax mistakes that functional medicine providers make and how to avoid them</li> <li>How Craig helps his clients reduce their tax liability by legal, moral, and ethical means</li> <li>How the suspension of the payroll tax affects our taxes</li> <li>Craig’s top tax planning strategies for 2020</li> </ul> <h2>Tax Strategy for Functional Medicine Providers</h2> <p>Craig Cody is the founder and owner of Craig Cody & Company and host of The Progressive Dentist podcast. His tax planning and CPA firm helps all kinds of healthcare professionals and small business owners keep more of what they make. From functional medicine providers to dental practitioners, Craig helps his clients take a proactive approach to tax planning strategy so they can reduce their tax bill by legal, moral, and ethical means. In this episode of The FM Shift, Craig joins us to provide a better understanding of what we can do to prepare for tax season.</p> <h3>Tax Planning Makes All the Difference</h3> <p>When Dr. Heather Stone and I became both functional medicine providers AND entrepreneurs, our attitudes toward taxes were much different than they are today. When we were coming up and learning how to scale our functional medicine practice, taxes were not a priority because they had such a small impact on our business. However, as we started to experience more growth later down the road, the significant amount of revenue we were able to pull in led to significant tax bills. This is a difficult road to navigate and I wouldn’t recommend going at it on your own. Reaching out to your CPA to see what you can tweak to lower your tax liability will literally save you thousands of dolla