Stress-Free Tax Preparation: Essential Tips for 2025

Nearly 30% of Americans procrastinate on their taxes, causing stress and potential errors. In this episode of the Locum CPA podcast, Stephen Lee, a Chicago-based CPA, shares vital tips on preparing for tax season smoothly and efficiently. Learn how to organize your documents, understand your tax position, and choose the right filing method to avoid last-minute panic. Key steps include creating physical and digital folders, confirming your filing status, and knowing your deductions and income sources. Stephen also highlights important tax deadlines for 2025 and offers exclusive tips for locum professionals to save up to $50,000 annually. Get organized early, file on time, and make this tax season your easiest yet!

00:00 Introduction: Tackling Tax Season

00:28 Welcome to the Locum CPA Podcast

01:10 The Importance of Organization

01:17 Creating Your Tax Folders

03:06 Understanding Your Tax Position

03:21 Reviewing Prior Year Tax Returns

03:50 Steps to Prepare for Tax Season

06:22 Choosing Your Filing Method

07:31 Important Filing Deadlines

08:27 Final Tips and Recap

09:11 Conclusion

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The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

Should You Pay Off Student Loans or Invest? A Step-by-Step Guide for Locum Professionals

In this episode of the Locum CPA Podcast, CPA Stephen Lee addresses a common financial dilemma faced by locum medical professionals: whether to pay off student loans or invest. Stephen provides a detailed framework for making an informed decision, including an analysis of student loan terms, the importance of emergency funds, and the pros and cons of both paying off loans and investing. He recommends a balanced approach that combines both strategies to achieve financial stability and growth. Watch till the end for Stephen's practical tips and personalized recommendation to help you make the best choice for your financial future.

00:00 Introduction: Pay Off Student Loans or Invest?

01:05 Understanding Your Financial Situation

01:39 Analyzing Student Loan Terms

02:34 Building an Emergency Fund

03:43 Emotional and Financial Benefits of Paying Down Loans

05:17 The Case for Investing Your Money

07:39 A Blended Approach: Pay Loans and Invest

09:26 Practical Tips for Decision Making

11:06 Conclusion and Final Thoughts

How to Start and Operate Your Locums Practice: https://thelocumcpa.com/

🔔 Subscribe for more tips and strategies tailored for healthcare professionals!

The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice. The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.

Top Tax Tips for Locum Professionals: Maximize Deductions & Plan for 2025

In this episode of the Locum CPA Podcast, Stephen Lee, a CPA based in Chicago, Illinois, provides a comprehensive year-end checklist for locum medical professionals. Key topics include reviewing your 2024 earnings, maximizing tax deductions, optimizing retirement contributions, making estimated tax payments, and planning ahead for a financially successful 2025. Get actionable tips to save thousands of dollars and set yourself up for long-term financial success. Don't miss out on this essential guide for locum tenens practitioners!

00:00 Introduction to Tax Planning for Locum Professionals

00:59 Reviewing Your 2024 Earnings

02:13 Maximizing Your Tax Deductions

03:55 Maxing Out Retirement Contributions

05:33 Handling Estimated Tax Payments

06:37 Planning Ahead for 2025

08:23 Conclusion and Final Tips

How to Start and Operate Your Locums Practice: https://thelocumcpa.com/free-ebook/

🔔 Subscribe for more tips and strategies tailored for healthcare professionals!

The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.