FINANCE UNPLUGGED: March Edition

What’s new with PRIME Financial Services

Hey,?

It is entirely possible to maximize tax savings and take full advantage of every deduction and benefit available.?

How??

With our upcoming seminar “How to Maximize Tax Benefits and Minimize Tax Liabilities”?

Happening On:?

Date: 6th March, 2024

Time: 5 - 6 pm EST?

Gain insights on:?

?? Investment strategies that help with long-term financial growth

?? Tax Deductions to maximize benefits

??Personalized tax exemptions for better savings

??Tips to lower taxes while following regulations

Register Now

This month, we're bringing you a curated collection of tips, insights, blogs, and the latest updates to help optimize your finances, stress-free.?

5 Tips on Minimizing Tax Liabilities This Tax Season?

1. Use HSAs for medical costs and save on taxes.

2. Deduct expenses for education and professional events.

3. Explore tax credits for charity work or serving in underserved areas.

4. Claim deductions for work-related expenses like licenses and memberships.

5. Keep thorough records of deductible expenses, including travel.

With these tips, you’ll be empowered to take advantage of your tax benefits, reducing your overall financial burden.?

Riddle Me Rich

I'm the special rule that helps you pay less tax, Lowering your bill, it's a simple fact. When you subtract certain expenses you've made, What am I, your way to cut the tax grade

[Find the ANSWER at the end of this Newsletter]

Financial Flash

1. Change Healthcare Hit by Cyberattack

Change Healthcare, owned by UnitedHealth Group, faces network disruptions due to a cyberattack, emphasizing the rising threat of cybersecurity in healthcare.

1. Mount Sinai Health System Fined for Understaffing Nurses

Mount Sinai Health System faces over $2 million in fines for persistent nurse understaffing, with arbitrators ordering financial penalties and mandates to hire more nurses across multiple hospital units.

1. Telehealth Utilization on the Rise Nationally In November 2023, telehealth usage rose nationally by 6.3%, with the West experiencing the largest increase at 7.5%, impacting diagnoses and highlighting trends such as the rise of audio-only telehealth services.

Best of the Month

Trending Blogs

1. Tax Guide for Medical Professionals Discover our checklist to get help preparing for filing your income tax returns - this includes steps like hiring a tax preparer, gathering necessary documents, tracking receipts, and several other steps.
2. 10+ Common Tax Deductions and Credits for 2024 Find out the essential tax deductions and credits for 2024, along with strategies to reduce taxable income and lower tax bills.
3. Maximize Your Savings with the Latest HSA Contribution Limits Find out how you can leverage Health Savings Accounts (HSAs) for financial freedom, exploring investment options, tax benefits, and the latest changes in contribution limits for 2024.

Trending Posts

Common Tax Deductions for Your Medical Practice

Top 10 Tax Deductions for Self-Employed Physicians

Quote of the Month

"The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income."?

- Robert Kiyosaki

You can get closer to achieving financial freedom by leveraging your earnings to generate passive income or invest in portfolios. This lets you build wealth beyond your daily work, providing security and opportunities for the future.

?? Answer to the Riddle: Tax Deduction