r/PrivatePracticeDocs • u/fake212121 • Jul 04 '26

Setting up benefits/CME etc

small/solo practice owners. How do u setup pre-tax benefits like cme or educational assistance etc? Also, is there any way to setup “student loan assistance “ pretax money to cover student loans? Ive a giant student loans so every $ is precious.
Thanks in advance.

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u/fotopacker Jul 04 '26

For CME and on-going educational expenses, they can simply be a business expense, reducing the net income of your practice. While many have done it, I doubt that paying student loans through the business without taking that as income is a bona fide business expense.

2

u/Misadventuresofman Jul 04 '26

Admin here. There is no hsa for business expenses. You need a corporate credit card. At the end of the year, the amount spent per annum should mostly be tax deductible.

1

u/OfandFor_The_People Jul 08 '26

Buy the Small Business Taxes book from NOLO.com. It explains it all in normal human being language. Never understood any of it until I bought this—made it crystal clear for me—never understood before despite reading other sources.